[beaversmom]

“To successfully develop domestic gas demand over the longer term, business and government leaders need to work together to solidify the confidence that is required to attract capital over the next 30 years,” they write.

[Jabba the Nutt]

I watch RT (Russia Today) occassionally, I know, I know, Al Jazeera wasn't available. RT's financial show is called The Keiser Report, by Max Keiser, reporting out of London. He was claiming that US frackers are losing money, spending $1.50 to get a $1 return. Somehow, someone's subsidizing the losses and that the oil, gas is running out anyways.

This is what the Russian government thinks, as it whistles by the graveyard.

Now, being outspent on the infrastructure side could have several causes. One, the US is simply better at fracking. Two, the US is more efficient in building what it needs. Three, the US is (still, yet?) less corrupt than the other countries, keeping our costs lower.

Now, the US is unique in that private property owners have mineral rights. So, it's easier to get approvals to drill, frack, etc., because the locals have skin in the game. There's zillions of cubic feet of gas and oil on the table, because the Federal Government is stopping drilling on Federal lands in order to meet the Greenies religious obligation of hating fossil fuels, development, prosperity and civilization. This also links up the Obama's goal of weakening America.