Major new natural gas production has been shut down in this country because of the risks associated with fracking. According to the administration in the White House. Fracking is the method where gas or liquids are injected into a well under high pressure to shatter the adjacent rock and allow the fossil fuel in that rock to seep towards the well more easily. They are worried about the possible effects on ground water and contamination by the chemicals used. They said that the risks are too high and we need to not press forward using this unproven means of extraction.
Except that there has never been shown to be ANY risk association with ground water contamination or anything else using this technology. The press releases from the White House make it sound as though this was something unproven and dangerous and that we are going hell-bent-for-leather to push to use this and placing public drinking water at risk doing it. Well, in fact it IS new to use it in natural gas wells. But it is old tech in oil wells. It has actually been in use in the oil business since World War II and has been used in over 800,000 wells in the US. And without problems. The areas of rock that get shattered deep underground are already saturated with oil which would be quite toxic to any adjacent water already; Fracking doesn’t change that. But it is quite distant from the surface water in wells.
It IS a problem in that the known gas reserves that are accessible using this technology NOW in the US would make energy from natural gas available for one-quarter the cost of the energy from oil, and still way cheaper than even the energy that is available from coal. So instead of that $200 electric bill, you could be paying $50 a month. And since oil is now being pressed into use to generate power to make up for the lost power generation from the coal-fired power plants that Presbo has shut down (about 35 power plants) using the “new” interpretation of the EPA regulation authority with the Clean Air Act, that means that even less oil is available for us to be using in our cars. That oil would be freed up if that power were instead being generated by natural gas. And the closed coal plants would not even be an issue since natural gas is one of the cleanest burning fuels available and gas power plants could be online very quickly, since there would be no excuse not to approve them. The cost at the pump would quickly be at the Gingrich-championed $2.50 a gallon, nearly a third off the current cost .
“The problem” is that the known gas reserves would add to our fossil fuel reserves and keep us in energy at our current rate of use for the next 800 years and at much lower expense Which would totally undermine the administration’s plan to wean us off of energy and to flip us over to renewable energy and green technology. Can’t do that if natural gas energy is cheap and abundant. It could set off a new industrial age in the US with manufacturers from all over the world racing here to set up. But then capitalism would take off again and the dependence on the government would go down, because there would be jobs ( 20% of the jobs generated in the US last year were in coal and oil, in SPITE of Presbo’s efforts). And then we wouldn’t need the lib-progs.