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Is Alaweed the Saudi Prince Canary
in America’s Fracking Coal Mine?

PJ Media, by Shawn Martini

Original Article

Posted By:KarenJ1, 8/1/2013 9:32:10 PM

For years billionaire Saudi Prince Alwaleed bin Talal has been in a fight with Forbes Magazine over its estimation of his wealth and his position on the Forbes Billionaires list. He even sued the magazine over its 2013 ranking, which placed him #26 in the world. I guess all that expensive Photoshop work was for nothing. At odds in ranking his net worth is the value of his company, Kingdom Holdings Co. As a private equity firm, Kingdom Holdings has exposure to various management, real estate and financial services companies. It also invests in industrial and energy interests.

Comments:
Just imagine how much more could be done to free us and allow this country to be completely energy independent if the despicable 0bama would stop the over-regulation and stifling our energy sector by focusing on the worthless green energy.

      


Post Reply  

Reply 1 - Posted by: ColonialAmerican1623, 8/1/2013 10:03:06 PM     (No. 9453964)

If his only interest here was fracking.

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Reply 2 - Posted by: terry_tr6, 8/1/2013 10:44:22 PM     (No. 9454005)

let ´em eat sand

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Reply 3 - Posted by: texaspast, 8/1/2013 10:47:56 PM     (No. 9454011)

All the attention has been paid to fracking, because that´s the only thing the libs could think to attack. Fracking has been around and used in dang near every well I´ve been associated with for at least the last 40 years. The real advance in technology is the ability to keep a horizontal wellbore open in shale (not the most stable of formations!) 2-1/2 miles below the surface of the earth. Until a few years ago, that was impossible. And now THAT is the reason for all the shale development in the past decade. It wasn´t that they didn´t know the shale was there, but to really develop it required the ability to drill a horizontal hole and keep it from collapsing on itself. That´s the miracle - not fracking.

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Reply 4 - Posted by: enuf8, 8/2/2013 12:19:33 AM     (No. 9454102)

The directional drilling has made a tremendous amount of difference.

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