Re: Gas Prices
Broadway
11/27/2011 9:14:23 PM
Noreen, the "national security" argument is largely a b.s. make-believe argument often posed by the energy industry and conservative politicians. No way ever will the US be energy "independent." We may buy more energy resources from friendlier countries, like Canada. But as long as the US relies heavily on fossil fuels, we'll need to buy most of them elsewhere. Period.
Re: Gas Prices
mInvestor
11/27/2011 2:18:41 PM
Thank Sherri for this informative article. I also found all the comments are quite intriguing. It's no doubt that gas price is cheaper and will be like that for a while. Some energy hungry countries (like China) also retorfit a good portion of their taxis to be powered by both fuel and natural gas. To get the same thing happend here, I guess the fuel price needs to be even higher. Hehehe... that may not be good for everyone.
I think he might be implying that the environmental risks of fracking may negatively impact projected shale oil growth....I think
Heinrich,
Okay, but what you say makes no logical sense. The net natural gas supply in increasing. What you seem to be saying is, "If it weren't increasing, it wouldn't be increasing."Okay, fine. But it is increasing.
The bottom line is that gas is quickly becoming the most abundant and cheapest source of fuel so maybe it's time to retrofit a few more buses and heating units?
--Scott
Re: Gas Prices
driven
11/25/2011 5:24:11 PM
That's for sure. We're not talking a few hundred acres, we're talking plays that span multiple states.
Well, given the vast size of the major shale plays, that may be easier in theory than practice -- expecially for owners who bought the land long before shale plays were an issue.
Certainly, not owning property over a shale play is a key element of risk mitigation.
Good point Dex. I think we have to recognize the global impacts of our choices extend beyond political boundaries.
Re: Gas Prices
Dex
11/25/2011 10:43:02 AM
I find it curious that our objections to fracking only seem to surface when the process is being done in our own backyard. Is it ok to take environmental risks if that risk is focused on exploration in foreign countries? I mean, why don't we care how oil and gas is extracted abroad -- as long as we get our necessary supplies?
While there are environmental issues to consider, the flip side of the equation is this: what do we potentially gain in terms of national security if we are no longer dependent on foreign oil and gas?
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