Filed under: Uncategorized | Tags: Asjylyn Loder, Bakken,
cornucopianism, crude oil, fracking, hydraulic fracturing, lies
about fracking, Marcellus, North Dakota, oil extraction, peak
oil, PR, propaganda, shale oil, techno-worship, technology,
tight gas, tight oil, United States oil production America’s
latest oil rush was spurred by new technology that has made
drilling faster, cheaper and better at unleashing oil from rock
formations,… That is false. Fracking (the oil guys always called
it ‘fracing’) is old technology. Many decades old. But it’s an
expensive way to get oil, relatively speaking. So it hasn’t been
prudent to frack/frac for shale oil until the overall situation
reached a certain point where the price of a barrel of crude was
likely to remain above the cost of extraction. In other words,
the fracking boom in the U.S. does not signal the death of Peak
Oil. It is in fact part and parcel of a new era wherein cheap
oil is a memory, a much more expensive era in energy. Perhaps
that is why the misinf