Tuesday, June 07, 2011

Fossil Fuel for Another 150 Years : Fracking!

This story is only the latest test of history, this information, that we have much more fossil fuel than anyone thought, has been on going for the last decade at least. The problem was the eco fascists and the liberal progressives politicians had other ideas.

The agendas for "fundamentally changing America" was the bases for shutting down oil production and forcing everyone to live a life without the benefit of our most available resource. In other words, we have to live a life as it was 100 years ago. There idea was, 'it's the right thing to do'. Stop America's advance and influence in the world.

The only difference in this scenario, of course, will be that our esteem leaders will all have the benefit of fossil fuels so the can lead properly, we, on the other hand, must live without. Again this isn't new, history is being replayed.

Everything You've Heard about Fossil Fuels May Be Wrong
Source: Michael Lind, "Everything You've Heard about Fossil Fuels May Be Wrong," Salon.com, May 31, 2011.

In the last decade the technique of hydraulic fracturing or "fracking," long used in the oil industry, has evolved to permit energy companies to access reserves of previously-unrecoverable "shale gas," or unconventional natural gas.

According to the U.S. Energy Information Administration, these advances mean there is at least six times as much recoverable natural gas today as there was a decade ago, says Michael Lind, policy director of the Economic Growth Program at the New America Foundation.
The implications for energy security are startling. And natural gas may be only the beginning.
Fracking also permits the extraction of previously-unrecoverable "tight oil," thereby postponing the day when the world runs out of petroleum.

If gas hydrates as well as shale gas, tight oil, oil sands and other unconventional sources can be tapped at reasonable cost, then the global energy picture looks radically different than it did only a few years ago.

Suddenly it appears that there may be enough accessible hydrocarbons to power industrial civilization for centuries, if not millennia, to come.

In the meantime, it appears that the prophets of an age of renewable energy got things backwards. We may be living in the era of "Peak Renewables," which will be followed by a very long age of fossil fuels that has only just begun, says Lind.

No comments: