The Peak Oil crowd has carefully analyzed the oil industry data, and
fracking is going nowhere in the long run. Short run? Sure we'll have a
few years of lower natgas prices -getting them right now- but the
prognosis is bleak.
Basically, the wells are very expensive, and the depletion rate of each
well is /very/ fast. As well the speculation factor is way over-stating
the size of the possible fields.
I strongly encourage a look at the un-fevered data; Google Resiliance,
peak oil.
Ol' Bab
On 1/21/2013 8:44 PM, OrionWorks - Steven Vincent Johnson wrote:
Sadly, why gamble investment capital on a still unproven technology
when another energy bonanza that involves completely proven technology
is about to dramatically change the surface of the planet.
It is ironic to say this but the United States is on the verge of
becoming the next Saudi Arabia within 5 - 15 years due to the wonders
(aka horrors) of fracking, and other advanced technologies that will
now allow us to extract huge vast reservoirs of fossil fuels in ways
that had been impossible to do not all that long ago. No wonder Mitt
Romney desperately wanted to win the election. He knew what was coming
down the pipe line. What interesting coattails he would have been able
to ride all the way to 2016 and beyond, and he wouldn't have to have
done a damn thing to get reelected. Of course, Obama knew about the
coming fossil fuel bonanza too. As such, Obama can afford to play lip
service to all sorts of AE concerns while knowing full well the fact
that he has secured a guaranteed way of making the United States
independent of foreign/Arabian oil in just a few years. He's got to be
feeling pretty chipper about that.
Of course we are probably going to lose the state of Florida to the
fishes, and Oklahoma and Nebraska may soon hosts the next American
deserts that curious tourists will visit on their vacation. Sure...
those things might concern some republicans (and perhaps even a few
democrats too) particularly when it comes to voting time again. but
what the hey! If it happens, it happens. It wuzn't our fault. No! Really!
Regards,
Steven Vincent Johnson
www.OrionWorks.com
www.zazzle.com/orionworks
