Posted on 10/01/2019 7:39:37 AM PDT by finnsheep
Article estimates from 2016: " EIA estimates that natural gas production from hydraulically fractured wells now makes up about two-thirds of total U.S. marketed gas production. This share of production is even greater than the share of crude oil produced using that method, where hydraulic fracturing accounts for about half of current U.S. crude oil production."
(Excerpt) Read more at eia.gov ...
Climate alarmists claim fracking is harmful to humans. I would suggest that it is far more harmful to allow Americans to die of heat or exposure to cold due to lack of air conditioning or heating in winter. There is now way "renewables" can take over on one year all the energy required for cooling, heating, transportation or manufacturing.
The stark consequences of the lunatic left promising to ban fracking could never be more clear. Action like this would plunge us into a depression immediately and then wipe out the economy and our way of life.
This needs to be stated far and wide.
Fracking greatly improved the yield from oil and gas production. Now it’s time for a similar quantum leap in nuclear - distributed thorium reactors for example.
The best energy policy is “all the above”. Renewables hydro, wind, solar, wave) have a place as does nuclear, clean coal, and oil/gas.
Ping.
If this is true, then I don't understand why our entire country isn't just one big rubble pile from all of the fracking-induced earthquakes.
I actually really had to look hard for the numbers of how much fracking had to do with our daily life. Our vehicles run on gas which has a better than 50% chance of having come from fracking. Our home heating fuel - ditto. Our propane to cook our food - ditto. Our electricity in PA has about a 70% chance of coming mostly from natural gas from the Marcellus shale. Not only would banning fracking in the US cut the energy supply by about half, it would more than double the price.
The leftist fears about fracking effects on the water table and earthquakes have been disproved by reliable studies. The left has a political agenda, not science.
Fracking has made America energy independent and more prosperous. The drillers are now better at recovering and cleaning the upwelling fluids and water so it does not cause pollution. The drillers do sometimes burn off gas that comes out but mostly because it’s hard to get permits to bring in a pipeline to divert the gas into. If states were better about allowing pipelines, the excess gas would be a very clean energy source for electric generation and other needs.
Boom Town.
By luck of geology North America is energy rich in hydrocarbons versus all the other continents. Natural gas is the feedstock for gas turbine power plants.
US has big competitive advantage in low cost energy to power manufacturing plants and server farms for high tech. The strength of the US dollar, economy, and low cost energy is drawing overseas business here.
4 billion dollar investment from Hyundai for auto plant just announced, Australia’s top steel company gave up on Capex there and spending 1 billion around Toledo OH to upgrade a steel mill of theirs. Another one from someone else in Ohio as well.
Big red Halliburton, each well hole gets 10,000 psi.
Directional drilling to keep the horizontal in the sweet spot of the shale. Constant improvement of drill bits. Proppant size that matches the rock. Technology improvements upgrade every part of the process.
Well paying jobs for the forgotten deplorables in the Obama years.
“4 billion dollar investment from Hyundai for auto plant just announced, Australia’s top steel company gave up on Capex there and spending 1 billion around Toledo OH to upgrade a steel mill of theirs. Another one from someone else in Ohio as well.”
That is the kind of thing we are going to see over time, if we stay with pro-growth, business friendly policies (i.e. no Democrat socialist takeover). Factories are unlikely to move existing production lines from China to the USA in the same the same quarter. Instead, more long term investments will make sense here, and new starts will locate here, that otherwise would have been elsewhere.
There is some economic truth to Obama’s assertion that “those jobs aren’t coming back”. But we can grow more new ones here for the long run, with good policy.
We are starting to win more of the current investment decisions, and they will pay off for a long time.
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