[E. Pluribus Unum]

B-b-b-but what about Peak Oil?

This is an insult to all the experts!

[OldNavyVet]

Given Obama as President, it won’t happen.

[manic4organic]

Link?

[KDD]

http://finance.yahoo.com/news/New-drilling-method-opens-apf-1992853571.html?x=0&.v=4&utm_source=twitterfeed&utm_medium=twitter

[frogjerk]

They drill down and horizontally into the rock, then pump water, sand and chemicals into the hole to crack the shale and allow gas to flow up.

DIMS:"QUICK, Tax the hell out of these evil companies!"

[NeverForgetBataan]

Where’s the article?

[cork]

Its called fracking here in the Marcellus Shale country. Never been a documented contamination other than a brine truck wrecking. Greenies hate it.

[Lurker]

And the EPA and DOE will both deny permits for anything remotely resembling this for the next 250 years.

[doodad]

Frac’ing is not new by a long shot. Even water well driller knew to do this long ago by dropping dynamite down a slow producing well. I saw this as a boy at my grandmother’s. And hydro frac’ing was in use over 20 years ago when I started my geo career.

[NeverForgetBataan]

CNOOC is a big player investor in Chesapeak. The oil will be shipped right past your gas station on the way to China.

[4Speed]

Oil ping

[ßuddaßudd]

Was there a 3-5 year environmental impact study done yet?
/sarc

[Freedom_Is_Not_Free]

bump and run

[mountainlion]

Most drillers left Colorado. Too bad they have to use special techniques to access oil because most has been shut down by Salazar and his econatzies.

[flat]

This just makes me SAD..
SAD THING #1. Looks like im NOT gettin my paint-yer-roof-white green job after all.
SAD THING #2. The US citizenry is gonna lose a lot of great friends over there at OPEC.
SADDEST THING OF ALL: Depressed and broken-hearted Polar Bears....

[BfloGuy]

Good news, indeed.

I do disagree with one statement, though.

At today's oil prices of roughly $90 per barrel, slashing imports that much would save the U.S. $175 billion a year.

Slashing imports wouldn't save us a dime. We would still pay $175 billion for the oil. Just because it's made here, doesn't mean it's free. Dumb reporter.

[CPT Clay]

This is right up your alley Joe.

[Smokin' Joe]

Oil engineers are applying what critics say is an environmentally questionable method developed in recent years to tap natural gas trapped in underground shale.

I can't speak for elsewhere, as I am not familliar with the well plans in Texas nor in Pennsylvaina, but out here, when the frac job is done there are two casing strings cemented in the hole above the pay stratum, which is roughly 10,000 ft. below the surface.

The cement jobs on those casing strings are pressure tested, then logged with a tool which can show the quality of the cement job (known as a Casing Bond Log, or CBL). State inspectors have to pass that before the frac happens.

In other words, the chances of down hole frac fluids contaminating any near-surface aquifers are zero.

So much for environmentally questionable, at least in the 7 states I have worked in.

Yet the EPA wants a one-size-fits-all set of rules (ban) which would end these plays for all practical purposes.

Not only would this bring the few healthy areas in this economy to a screeching halt, it would further put the US behind the curve for energy self-sufficiency.