Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1426153 Comments:2390
Monday, April 16, 2012. Gas Industry Gives Obama High Marks for Plan to Streamline Fracking Regulations. By Press Action. When the oil and gas industry ...
the entire fracking industry appears to be in trouble
# # Press Action ::: Gas Industry Gives Obama High Marks for Plan to ... www.pressaction.com/news/...ll.../obamaorder05162012/ You +1'd this publicly. Undo Monday, April 16, 2012. Gas Industry Gives Obama High Marks for Plan to Streamline Fracking Regulations. By Press Action. When the oil and gas industry ...
Just the same way we forgot about Fukushima as quickly as we could to let President Obama start ushering in a “nuclear renaissance.”
But even worse, that we’ve forgotten the Deepwater Horizon shows that Americans are dumber than spit when it comes to one of the most important issues to our current prosperity and our future survival as a civilization and perhaps, a species.
Specifically, oil depletion since peak oil hit in 2006. There’s no reason that BP would’ve been drilling more than a mile under the ocean’s surface if there was any easy-to-find oil left. Fact is, the days of handy on-shore gushers are gone. Now, it’s all about deep water oil, Arctic oil, tar sands, oil shale, oil from fracking and other “unconventional” sources of crude. How much you spend for how much you get
The returns on that kind of oil are nothing like back in the day, when crude from West Texas could give a hundred barrels for every barrel of oil you’d have to spend on drilling or one barrel of oil would give you 30 barrels of Saudi crude. In our era of what Naomi Klein has dubbed “extreme energy,” oil can deliver energy returns as low as 10:1 or below.
