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Thread: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

  1. #111
    j-mac's Avatar
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by PeteEU View Post
    To be honest.. nope. And I see the "issue".. does not change my stand point one bit. Anyone with half a brain and a bit of logic can see that adding chemicals that are flammable (which they are) into the ground will eventually seep to the ground water. And it was only the water they tested... then explain why there is plenty of evidence of flammable water coming out of taps in areas where there has been fracking?

    Oh too funny....So you tried to pass your agenda driven drivel off as fact based evidence, even when there is fact based evidence to dispute you....Here, I don't want to offend your oh so fair and balanced opinion but this from NPR....

    "One of the most iconic symbols of the fracking debate is the video of a man setting his tap water on fire in the anti-drilling documentary Gasland.

    Fracking, which refers to hydraulic fracturing, is a technique used to extract natural gas, and has become synonymous with all things gas drilling. It involves shooting water, sand and a mix of chemicals at high pressure deep into a wellbore to help split the shale rock and release the gas that lies tightly squeezed into the rock. Some worry fracking fluid will leak out of a well and contaminate aquifers. But the tap water blow torch seen in Gasland has nothing to do with hydraulic fracturing. Instead, it’s related to a problem called methane migration.

    Methane migration is what it sounds like – methane gas migrating from deep underground to the surface. It leads to methane-filled drinking wells, flammable faucets, and even a 30-foot geyser of water and gas, in one Tioga County instance.

    Methane can naturally migrate to the surface — reports of migration date back to the 1800′s – but natural gas drilling can speed up the process.

    “Natural gas wants to migrate up,” Penn State University geologist Dave Yoxtheimer, who works at the Marcellus Center for Outreach and Research, tells StateImpact Pennsylvania. “It’s lighter, it’s less dense. And it finds itself getting trapped in these shalower, more porous formations. And during the drilling process you can go down through these shallower formations. As you’re drilling through, suddenly you’ve created a conduit for those gasses to escape.

    If a driller doesn’t surround a gas well with the proper steel and cement casing, the gas can escape, and migrate up to the surface through faults and water wells. “What you’ve done,” Yoxtheimer explained, is “catalyzed the process of natural gas drifting up over geologic time.”

    Methane Migration | StateImpact Pennsylvania

    You might want to either read your own supposed back up for your claims, or instead of just swallowing what liberal orgs. say, do your own research. Fracking is probably safer than wind, but that is my opinion....
    Last edited by j-mac; 01-10-13 at 05:49 PM.
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  2. #112
    mbig's Avatar
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says
    The Next Boom
    By KOPIN TAN | Barrons
    Cheap natural gas and increasingly competitive labor costs are bringing factories -- and jobs -- back to the U.S.
    Jan 26, 2013

    "...The Rust Belt owes its new shine to many factors, including rising wages and industrial-land costs in Asia. But none is bigger than the U.S. energy boom. Thanks to a head start in extracting oil and gas from shales, North America now produces far more natural gas than any other continent. Unlike oil, gas isn't easily transported across oceans, and a result is some of the world's cheapest energy within our reach: Natural gas here costs $3.55 per million British thermal units, versus roughly $12 in Europe and $16 in Japan. Cheap energy not only reduces our trade deficit and our addiction to Middle East oil, it also makes our factories more competitive globally -- a boon for a country that had gone from exporting American goods to exporting American jobs.

    The biggest beneficiaries are energy-guzzling companies like chemical producers and steelmakers..."
    Our energy boom got cracking with fracking, a controversial process in which pressurized fluids are pumped through rock formations, often a mile or more under the ground, to extract oil and gas. Critics condemn fracking, which they contend causes environmental harm, but even they agree that it's led to an abundance of cheap gas. Over the past six years, U.S. production of petroleum and natural gas has jumped from 15 million barrels of oil-equivalent a day to 20.1 million, a 20-year high. Over the same period, imports have fallen from 14 million barrels a day to below eight million, a 25-year low.

    It's a sign of the times: Graduates from the South Dakota School of Mines & Technology -- acceptance rate: 88%; mascot: Grubby the Miner -- now command a median starting salary 16% higher than that of Yalies.

    By 2020, the U.S. will become the world's biggest oil producer, says the International Energy Agency. By 2025, North America will be a net energy exporter, predicts ExxonMobil (XOM).

    That edge should remain ours for Decades. "It isn't just the huge reserves we have underground," says Tim Parker, who manages T. Rowe Price's natural-resource stock portfolios. "No one else has our predictable cocktail of infrastructure already in place, know-how, a relative abundance of water, and a favorable royalty regime that give landowners a stake in the exploration game.".."
    Last edited by mbig; 01-26-13 at 12:18 PM.
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  3. #113
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    03-12-13 @ 12:17 AM

    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Fracking is safer than the wind? Strange expression. Maybe at times fracking is safe, but there is a chance that if fracking is done improperly some of the fracking fluids can escape into the groundwater. As long as these fluids are contained, I'll join you though in saying fracking is safer than the wind.

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