A totally from-left-field comment in Art Cashin’s morning note caught our interest, and we figure you’re tired of Libya and the jobs report (for the moment).
It’s about earthquakes in Arkansas:
And You Thought The Clintons Shook Things Up – The state of Arkansas has experienced an unusual series of earthquakes in recent weeks. And, for the region, they have been relatively strong. One recent quake was the most severe in nearly 50 years.
There are two sources of concern about these unusual series of quakes.
First, and most worrisome, is that it may signal new stirrings of the New Madrid (pronounced Mad-drid) fault. The New Madrid produced the most severe quake in the history of the continental U.S. It occurred around 1812 and was so powerful that it reversed the flow of the Mississippi river. Luckily, at the time the only inhabitants were a couple of million buffalo and a few native American teepees. Today, there are millions of people and expensive real estate along the New Madrid fault.
Let’s hope the Arkansas quakes are not related to the New Madrid.
The other concern is that the Arkansas quakes may be the result of man made activity. In particular, some think they may be triggered by hydraulic fracturing or “fracking”, a practice used to extract natural gas and even oil from sub-surface shale deposits. If a link between “fracking” and the Arkansas quakes is found, it could lead to bans around the nation. Could be very important.
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