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America Confounds Declinists…Again
American Interest, by Walter Russell Mead

Original Article

Posted By:Judy W., 8/4/2013 8:11:52 AM

George Mitchell was the son of a poor Greek goatherd who worked his way through college, graduated top of his class, and became known for his determination and vision. The Economist describes him as the father of fracking: He did not discover shale gas and oil: geological surveys had revealed them decades before he started. He did not even invent fracking: it had been in use since the 1940s…. His greatness lay in a combination of vision and grit: he was convinced that technology could unlock the vast reserves of energy in the Barnett Shale

      


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Reply 1 - Posted by: nonsense, 8/4/2013 8:52:53 AM     (No. 9457585)

Reinventing would mean surviving the Fundamental Transformation push of the American Left. Time for a change in 2014, vote out all the Demonrat destroyers.

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Reply 2 - Posted by: oh-heck, 8/4/2013 9:39:11 AM     (No. 9457667)

Two interesting highlights:
1) OSHA was a big supporter of fracturing of coal beds to release the natural gas. Once the gas was gone mining the coal was much safer. And these coal beds were much closer to the water table, yet an EPA study found no evidence of fracking impacting water quality in 2004.
2) Tight oil has changed the model for financing and development of fields. Independents dominate the market, raising money based on rapid repayment of capital. There is an element of an assembly line in which a single rig drills multiple wells from a single pad moving from well to well, then is moved to the next pad. The sequential nature allows recycling of fracturing water.

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Reply 3 - Posted by: texaspast, 8/4/2013 9:41:09 AM     (No. 9457668)

It isn´t America´s ability to ´reinvent itself´ that was the key to George Mitchell´s success. It his ability to make things work, keep tinkering and testing, all without government help, or interference, living the capitalist dream - take an idea, develop it, take all the risks, and build up a great business. Now THAT is the American dream, and it is what liberals hate! America is great because it gives each individual the opportunity to become great, but doesn´t protect them from the risks that they meet on the way. His real contribution was developing techniques for horizontal drilling through shale and keeping the borehole from collapsing. Fracking had been developed long before that time. He was also the guy primarily responsible for developing The Woodlands north of Houston. And a good Aggie.(Old Joke: What do you call a UT grad 20 years after graduation? - Professor. What do you call a Texas A&M grad 20 years after graduation? - Boss.)

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Reply 4 - Posted by: HistoryBuff, 8/4/2013 10:23:19 AM     (No. 9457727)

"He left a fortune of more than $2 billion and a Texas landscape studded with examples of his philanthropy"

And if the libs had their way, they would take that money, philanthropy be dam ned because they know better what to do with the money.

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Reply 5 - Posted by: Safari Man, 8/4/2013 10:53:41 AM     (No. 9457779)

Mitchell did all his work and wealth creation well before the "declinists" notion took hold. He was basically out of the business by the early 2000s and had already done amazing things in real estate development (in addition to his energy business) starting 35 years earlier. In my mind, the decline of this nation started in earnest in November 2008. There were government (and union) forces that have been working against capitalism here for a long time, but only since 2008 have we fallen off the cliff into the deep abyss of unfettered socialism.


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