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Fracking boom frees the
US from old oil alliances

Telegraph [UK], by Richard Spencer

Original Article

Posted By:Attercliffe, 12/13/2013 6:26:06 AM

Fatih Birol is one of those people who run the world without the man in the street ever having heard of them. From a discreet office in Paris, he keeps an ever-sensitive finger on the world´s pulse. [Snip] In 2007, he was among the first to spot that China´s emissions of greenhouse gases were about to overtake America´s--a key factor in world talks on climate change. Last year, he made another striking prediction: he forecast the eclipse of an unchallenged energy giant. Saudi Arabia would shortly be overtaken as the world´s biggest producer of crude oil by its most important

Comments:
Have I missed the Obamastration´s news releases on the pride it takes in this wonderful situation?

      


Post Reply  

Reply 1 - Posted by: mws50, 12/13/2013 6:33:23 AM     (No. 9651969)

If we did not allow liberals to be elected, we could have been #1 on this planet a decade ago.

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Reply 2 - Posted by: Spidey, 12/13/2013 7:08:30 AM     (No. 9651991)

Even with parts of the US adding new supply to the worlds oil market,I haven´t seen any signs of it affecting future´s prices which really determine prices at the pump,not supply and demand. I mean even if Iran unloads oil on the market,I doubt the barrel price will come down. My theory is there´s market manipulators who keep the price of oil artificially high.

Worst than that is Obama claiming we´re less dependent on foreign oil,while hating domestic production at the same time.He wants people to believe his green scams are creating less dependence.

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Reply 3 - Posted by: Nevadadad46, 12/13/2013 7:14:54 AM     (No. 9651999)

They act like fracking is new. It´s been used since the 50´s to increase well production. I worked the oil fields of eastern NM and West Texas for Dowell in the 80´s- most of our work was huge fracking jobs on existing wells in the Permian Basin. It works and there is no danger to land stability or water supplies underground. The primary chemicals are Gell (made mainly from gelatin- yes, same basic stuff as Jell-O is made of) and plain old, every day sand and water.

The underground raock formation holding the oil or gas is pumped against at very high pressure, thousands of PSI. The formation splits- fractures (where the term "fracking" comes from). Then sand is mixed with the gell. the gell traps the sand and the pumps then push the sand and gel into the fractures, propping them opan and making them porous so the oil or gas can flwo back to the well. Once the sand is pushed far back into the cracs, the pressure is released. The crew waits. After a half hour, the gell "breaks" down and becomes thin as water and slowly flows back to the well (due to the new pressure from the released oil or gas in the natural formation). The water is removed, hauled off in trucks for proper treament and re-use, and the well produces oil or gas like never before- for years after a good frack job.

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Reply 4 - Posted by: ColoWapiti, 12/13/2013 7:52:05 AM     (No. 9652051)

The article makes no mention of the Arkaringa Basin in Australia, and the immense amount of oil found there. As that oil comes online it will further shift focus away from Saudi Arabia and the rest of the OPEC thugs.

The fracking boom will buy the US time to develop the technology to extract the 1.5 trillion barrels of shale oil in the Green River Basin. That supply will carry us well past the point where the Saudis are completely dry.

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Reply 5 - Posted by: The Architect, 12/13/2013 8:13:59 AM     (No. 9652076)

Couldn´t happen to a nicer bunch of fellas. Future American Presidents will no longer have to grovel at the feet of the same people who fund most of the world wide Jihad. I say "future American Presidents" because the current one is chosing to do exactly that (groveling) for his own political/religious reasons that have nothing to do with their ability to keep us supplied with oil.

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