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ranbotrader
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The US Shale Oil Miracle Disappears

- Chris Martenson -

There is a real, hidden and long term danger in fracking and most countries in the world are ignoring the dangers in the feeding frenzy (sic) to extract this much needed source of energy and make money. Whilst arid areas pose little danger to the environment we are seeing fracking on fertile farming land where the effects on the subterranean water is being totally ignored because the industry has its (paid) political supporters who turn the blind eye. Not too different to the gun lobby where politicians ignore one massacre after another citing the second amendment whilst the gun businesses pay their political supporters to turn the other way.

The result of long term fracking may be the loss of food producing land which feeds populations to eternity compared to perhaps 30 or 40 years maximum gas supply after which the miners are gone anyway leaving their usual environmental disasters. Is this not why we elect governments or is it to protect the rights of big business to make money at any cost?

Commented 3619 days ago

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Beginning of the headline :The US shale oil "miracle" has about as much believability left as Jimmy Swaggart. Just today, we learned that the EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources. But by this morning? The EIA now estimates these reserves to be 96% lower than i... Read More

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