Monday, August 13, 2012

Fracking



The above link leads to an interesting article in the 4/2/12 issue of The Washington Times about fracking and how the latest methods of horizontal drilling and hydraulic fracturing are being used in the United States to bring about more bountiful supplies of oil and natural gas.

This excerpt from the above article is an example of what is happening in many parts of the United States:

Meanwhile, though, fear campaigns are preventing some of Maryland’s poorest counties and families from enjoying the economic benefits of Marcellus Shale development. Baltimore’s Sage Policy Group calculated that fracking in Western Maryland could reduce energy costs, create thousands of jobs and generate millions of dollars annually in revenue for the state and Allegany and Garrett counties. 
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People all across the country, Democrats and Republicans have a deep respect for the environment as we all should.  With that concern in mind we nevertheless have to do everything we can to safely draw from our treasures of oil and get away from being dependent on unfriendly nations in the Mideast.  And if we’re concerned about the environment on a worldwide level, it’s another reason why we should be the ones providing the oil.  The methods used in the Third World Countries are not the careful methods we use here.

With the concerns these same well-meaning people have about the environment they also put a lot of pressure on the Administration, whichever one is in power, not to energetically bring up the oil we have right here.  What they fail to consider is that it causes the government to be forever getting embroiled in conflicts in the Mideast countries that we place our reliance on to supply our oil needs.  We’ve got to find a happy medium to be as protective of the environment and as protective of our guys that are sacrificing life and limb to protect our interest in these countries.  They shouldn’t have to be there.  With the abundance of oil and natural gas we have right here we can be fully independent of any outside sources and be energy independent.  It’s also one industry that can’t be outsourced.   

Another important reason we should be independent of other countries is that we have to stop leaving ourselves vulnerable to profiteering by OPEC when it seems to suit their purposes.  They raked us over the coals pretty good in 2008 and kept driving the price of their oil up till it began to destroy their own market.  They did the same thing in the early seventies and there’s no reason to expect they won’t do it again.

We’re decades away from when renewable sources of energy will have been developed to a point where it’s affordable and with the prosperity domestic oil development could bring we’d have the currency we need for research and development in that field.   

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