Thursday, August 28, 2014

How fracking insulates USA: Our view

It eases security threats emanating from both the Middle East and Vladimir Putin.

 
USA Today   ... "But there are legitimate reasons why things would look relatively good here while so much of the world burns. First among them is a U.S. energy renaissance that has left the nation far less dependent on Mideast oil.

"The Energy Department projects that domestic crude oil production will average 9.3 million barrels a day next year. That's a 43% increase just since 2012, and a near doubling from 2008.
Recent discoveries, meanwhile, have made natural gas so abundant that it could easily last more than a century at today's consumption rates.

"Neither of these fortuitous developments would have happened without new drilling techniques, most notably hydraulic fracturing, or "fracking," a process of using pressurized water, chemicals and sand to extract oil and gas from tight rock formations." ...

And Obama will claim credit.

Via Lucianne

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