U.S. fracking changes global balance of power; can’t CA join fun?

U.S. fracking changes global balance of power; can’t CA join fun?

Fracking-ban1-300x248Anti-fracking forces are gearing up in California, aided by our pathetic state media, which never mention that the Obama administration considers hydraulic fracturing to access natural gas and oil reserves to be just another heavy industry that can be made safe with routine regulation.

But what’s depressing is that as the state’s anti-fracking movement grows more intense, fracking in the rest of the U.S. is changing the world balance of power — that’s not an exaggeration — while greatly enriching states wise enough to allow this game-changing energy-exploration technique. This piece from Business Mirror gets to how disruptive U.S. fracking has been:

“The US oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.

“Fifteen European refineries have closed in the past five years, with a 16th due to shut this year, the International Energy Agency said, as the US went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which used to send the equivalent of a dozen supertankers of crude a month to the US, now ships fewer than three, according to the US Energy Information Administration (EIA). And cheap oil from the Rocky Mountains, where output has grown 31 percent since 2011, will soon allow West Coast companies to cut back on imports of pricier grades from Saudi Arabia and Venezuela that they process for customers in Asia, the world’s fastest-growing market.

“’I don’t really think anyone saw this coming,’ said Steve Sawyer, an analyst with FACTS Global Energy in London. ‘The US shale boom happened much faster than people thought. We’re in the middle of a new game. There’s nothing in the past that predicts what the future will be.'”

Obama predicted shale boom in 2011

Business Mirror does a good job of flushing out my theme of Obama administration support for fracking by noting the president himself understood three years ago how transformative it would be:

“Advances in extracting oil from shale rock drove a 39-percent jump in US production since 2011, the steepest rise in history … . With US exports of gasoline and other refined products hitting a record last month and the country on pace to become the world’s largest oil producer by 2015, five years faster than the EIA’s earlier predictions, industry advocates such as Sen. Lisa Murkowski of Alaska are calling for an end to 39-year-old restrictions on US crude exports.

“In a measure of just how quickly the oil market has changed, President Barack Obama unveiled in March 2011 a goal considered so outrageous that correspondent Christopher Mims wrote on the environmental news website Grist that it could be accomplished only by ‘an economic crash bigger than any ever seen in US history, or perhaps an alien race forcing all of us to take to our bicycles.’ Obama said that by 2025 the US would cut crude imports by one-third.

“It didn’t take 14 years. It took less than three.”

What’s happening is incredible. If only California could get in on the fun; remember, the Golden State has more oil shale reserves than the rest of the U.S. combined. We could be a Saudi Arabia where women were allowed to show their legs if only militant greens got out of the way.

5 comments

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  1. LetitCollapse
    LetitCollapse 12 January, 2014, 11:59

    Sorry. After we found out that government and oil companies covered up material facts about the devastating oil spill in the Gulf of Mexico in 2010 I am totally against hydraulic fracturing anywhere near densely populated urban centers that millions of people call home. When humans screw around with mother nature long enough she’s going to burn you. This is a reltively new science. And GREED is motivating it. Oil companies want to stay in business!! They pay the complicit politicians LOTS OF ‘DONATIONS’ to make that happen!!! Even a small chance of contaminating the underground water supplies for millions of inhabitants in urban areas is too much of a risk for me. And trust me. I’m no greenie.

    France gets about 75% of it’s electricity supplied through nuclear energy. The French love it. It’s made them energy independent. They aren’t slaves to fossil fuels that will, in all likelihood, eventually cause WW3. In fact, France has so much power that they export energy to other euro nations! That’s right. They produce electricity via nuclear power and then sell it off to bring in revenue!!! lol. And it’s CHEAP energy too!!!! Have you ever heard of a nuclear meltdown in France? Of course not. They don’t have idiots running their plants. France is about twice the size of the State of Colorado and operates 59 nuclear power plants!!! SAFE and cheap energy. So why don’t we learn from the French? I would MUCH rather have a nuclear power plant in my backyard than have a bunch of greedy oilmen fracturing up the earth’s crust and drilling through our water tables that I rely upon to survive!!!

    Reply this comment
  2. Ulysses Uhaul
    Ulysses Uhaul 12 January, 2014, 21:33

    California is dramatically improved due to Honorable Jerry Brown’s executive leadership of an extremely diverse State.

    Give him credit Doomers. None of you alarmists have had to use your bug out kits…or upgrade your underground security centers…..

    Happy Days are hear again. Pass the hot cider and Jack Daniels honey bourbon!

    Reply this comment
    • eck
      eck 13 January, 2014, 20:07

      You’ve got to be kidding! Stop smoking that stuff! Yes Jerry (public union) Brown is about the only lucid Dem in Sac, but he’s a totally “progressive”(should be regressive) leftist. He usually (forget the high speed fail) the only rational voice in Sac. That said, he’s still a political animal – no “profiles in courage” thing here. Every opinion, statement, position, is very calculated, I’m sure. Let y’all know when I detect something principled.

      Reply this comment
  3. billybs
    billybs 13 January, 2014, 19:12

    Bla, bla,bla…….bla

    Reply this comment
  4. Ted Steele, CEO
    Ted Steele, CEO 14 January, 2014, 14:42

    Injecting 600 chemicals at high pressure into the area of the water table? What could go wrong???

    Reply this comment

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