- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 10 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 11 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 12 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 12 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 20 days ago
- The Art of Catching Government False Flags in Real TimePosted 20 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 26 days ago
- WIKILEAKS: THE GOVERNMENT IS SPYING ON YOU THROUGH YOUR IPHONEPosted 36 days ago
- Poll: Close to 1 in 3 Americans Believe in World Government and a New World OrderPosted 45 days ago
- US Government Sued For Pesticides Killing Millions Of BeesPosted 53 days ago
And Now, Here’s Why Shale Fracking Really Is An Economic Game-Changer That Can Not Be Overhyped
Yesterday, we published a presentation by oil analyst Arthur Berman suggesting the potential of fracking to extract fossil fuels buried in shale rock has been way overhyped.
But there are many who would argue that the assumptions Berman makes are off the mark.
Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together the counter-argument to Berman’s thesis.
Quick review: Fracking involves injecting large volumes of fluids and small particles like sand into a well to free up oil or gas.
It’s a great way to access otherwise hard-to-reach energy. But a given fracked well only last so long.
The max production rate for a single well lasts just a few years. That’s true even for wells in the country’s most popular shale plays.