A big chunk of America’s gas reserves are going to be exported to China, etc. up to 40% per a new report. So, if we have a 100 year supply of gas, and we ship X Tcf overseas, that leaves us with 100 - 40 = 60 years. By which time I’ll be an old man. According to the report, there are now nineteen (19) proposals to send “America’s Bridge To the Future” overseas, to presumably be somebody else’s bridge. . . So much for “Drill a Well, Bring a Soldier Home” (Whoever believed that crock of flowback ?) So much for the truthy Gas Blonde on the TV commercials telling us how “100 Years of Clean Natural Gas” is supposed to last for 100 years - if much of it gets exported. She just doesn’t say where. How about “Drill a Well, Heat Tea in China” ?
Shale is the source rock for oil and gas deposits. Once it’s tapped, ain’t nothing left. So would not be in too big a fracking rush to wreck the countryside just to ship it overseas. But Pennsylvania has been thoroughly colonized for just that purpose by Chinapeake Energy and other “patriots” - who consistently overstate how much gas they have, so they can ship as much of it as possible overseas without raising any flags. What if we don’t have a 100 year supply ?
China gets the gas. Upstate gets the pollution. Wall Street gets the money. Such a deal ! But there are, of course, all those local jobs . . . .
http://www.scribd.com/doc/113251003/Exporting-Fracked-Gas
Fracking Industry Aims to Export Natural Gas While Touting False Claims of Energy Security
A new report released today by the national consumer advocacy organization Food & Water Watch takes aim at the oil and gas industry’s claim that fracking and drilling for natural gas and tight oil will deliver U.S. energy security. U.S. Energy Insecurity: Why Fracking for Oil and Natural Gas is a False Solution reveals that as of Oct. 26, the Department of Energy has received 19 proposals toexport liquefied natural gas. If approved, these projects would allow the oil and gas industry to sell huge amounts of natural gas overseas—as much as 40 percent of current U.S. consumption.
“The hype over fracking is giving Americans a false sense of energy security,” said Food & Water Watch executive director Wenonah Hauter. “The industry is making empty promises about U.S. energy security to prolong America’s destructive dependence on fossil fuels. At the same time, it is laying the groundwork to sell natural gas overseas to maximize profits. The gas will go wherever it can fetch the highest price—and right now that’s not the United States.”
The report’s release comes as the oil and gas industry is aggressively pressuring New York State government to allow fracking by pouring millions of dollars into campaign accounts and lobbying efforts. Meanwhile, opposition to fracking in New York State has mobilized thousands throughout the state to participate in actions to demonstrate to Governor Cuomo that New Yorkers are not willing to jeopardize public health, the environment and the state’s economic prosperity by allowing the dangerous practice.
Business owners, medical professionals, scientists, faith leaders and residents of New York have joined with the diverse coalition of New Yorkers Against Fracking to push for a ban on fracking in New York, a call driven by the science that shows it cannot be done safely and supported by more than half a million people through petition.
“The gas industry’s claims that fracking will allow us to become more energy independent are as dishonest as its claims that fracking can be done safely,” said David Braun of New Yorkers Against Fracking. “This report shows the industry’s true motivations—to enlarge their short-term profits by exporting gas to other countries at the expense of New York which would be left with the resulting long-term economic, environmental and health problems.”
According to the report, the industry is also misrepresenting U.S. natural gas and tight oil supplies. Its claims rely on uncertain estimates of shale gas resources and on allowing the oil and gas industry to drill not just throughout the Marcellus Shale and other shale plays, but also all along the Pacific, Atlantic and Gulf coasts. Even if the industry’s vision holds true, Food & Water Watch calculates that plans to create increased demand for U.S. natural gas translate to a supply of just 50 years and would require drilling hundreds of thousands of new shale gas wells.
{ 2 comments… read them below or add one }
Marcellus Gas for How Long? http://blog.shaleshockmedia.org/2012/10/28/marcellus-gas-for-how-long/
AMERICA FOR S(h)ALE http://blog.shaleshockmedia.org/2012/08/14/america-for-shale/
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