Author By Jerry McConnell
Tuesday, April 1, 2014
Not long ago the United States was labeled as being the world’s greatest energy hog and the accompanying criticism from our world neighbors was we weren’t producing enough for our own needs let alone any production for export to other energy needy countries.
As Newsmax.com reports online on March 30, 2014, the U. S. “Thanks to fracking technology and horizontal drilling techniques, the United States has gone from a large-scale energy importer to the world’s top producer.” And the report states that it comes “with far-reaching consequences. “
According to investopedia.com, “Fracking is a slang term for hydraulic fracturing. Fracking refers to the procedure of creating fractures in rocks and rock formations by injecting fluid into cracks to force them further open. The larger fissures allow more oil and gas to flow out of the formation and into the wellbore, from where it can be extracted. Fracking has resulted in many oil and gas wells attaining a state of economic viability, due to the level of extraction that can be reached.”
You can readily see the significant benefits to the American economy and leadership in this new technology that our country can use to hold our heads high in assuming a world dominance in the field.
However, let there be no misunderstanding that the Obama and his Administration is one hundred percent aware of these king-sized stats and you can count on his preparations of planning how to usurp (an action of which he is very knowledgeable) this latest leadership role for his usual anti-American, socialistic purposes and ‘world-wide’ distribution. “World-wide” meaning all socialist-communist Islam controlled nations.
Don’t believe that our anti-American Islamist-like leader is going to let America be the recipient of the blessings that will be produced from the world of “fracking.”
But getting back to reality and currently beneficial possibilities, NewsMax.com shows “America produced an average of about 12.1 million barrels of crude oil, natural gas liquids, and biofuels a day in 2013 — that’s 300,000 barrels a day more than Saudi Arabia and 1.6 million more than Russia, the two previous leaders.
“U.S. production of crude oil alone rose by a record 991,000 barrels a day last year, according to the International Energy Agency. And oil imports declined by 16 percent, from $310 billion to $268 billion.”
This information alone is undoubtedly amidst the currently negative reasoning of the Obama Administration for opposing any advance of approval for the Keystone XL oil sands pipeline from Canada to oil refineries in Texas. With that sort of additional boost to America’s oil production possibilities the leadership could shift away from Islamic middle east nations, Obama’s most favorite people anywhere, particularly Americans.
“Fracking,” according to NewsMax.com, “has enabled shale-gas production in North Dakota, Texas, and the formation that crosses parts of West Virginia, Ohio, Pennsylvania, and New York to account for 44 percent of total U.S. natural gas output. The hydrocarbon boom in the United States is driven by fracking,” according to a report from the Hoover Institution headlined “Three Cheers for Fracking”.
“In the 1970s, some experts predicted that America would run out of natural gas, and between the early 1990s and 2008, U.S. oil production fell steadily. World oil prices rose and American imports increased, especially from unstable, often unfriendly nations.
“Fracking has upended all of this,” declared Gary D. Libecap, a research fellow at the Hoover Institution and an economics professor at the University of California, Santa Barbara.