WILLisms.com: Trivia Tidbit of the Day: Part 614 -- Energy Industry Under Fire.

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Trivia Tidbit of the Day: Part 614 -- Energy Industry Under Fire.

Anti-Energy-

Democrats are rampaging through Congress and working their hardest to ruin America's oil and gas industry.

API has the scary numbers:

WASHINGTON, June 9, 2009 - U.S. oil and natural gas production would drop significantly if Congress passes legislation to place additional federal regulations on the use of a widely used well-completion technique known as hydraulic fracturing, according to a new study. Jobs could be lost, government revenues would fall and the U.S. would be less energy secure.
If Congress were to place additional federal regulations on top of the state and local regulations that govern the oil and gas industry practice of hydraulic fracturing,the number of new U.S. wells drilled would plummet 20.5 percent over a five-year period, IHS Global Insight’s study, “Measuring the Economics and Energy Impacts of Proposals to Regulate Hydraulic Fracturing,” found. Lower development activity would potentially reduce natural gas production by about 10 percent from 2008 levels by 2014, and leave the United States more reliant on imported sources of natural gas and oil.

“Hydraulic fracturing is a safe, proven, 50-year-old technology that is critical to developing the natural gas used to heat homes, generate electricity, and create basic materials for fertilizers and plastics,” said API President Jack Gerard. “More than one million wells have been completed using this technology. Unnecessary regulation of this practice would only hurt the nation’s energy security and threaten our economy.”

Additional restrictions on use of types of hydraulic fracturing fluids would cause an even more dramatic decrease in production of both natural gas and of oil, the report found. By 2014, gas production could fall 4.4 Tcf or 22 percent, while oil production could slip 400,000 barrels per day or 8 percent.

Elimination of the use of hydraulic fracturing would be catastrophic to the development of American natural gas and oil, with a 79 percent drop in well completions, resulting in a 45 percent reduction in natural gas production and a 17 percent reduction in oil production by 2014, the study found.

The intentions are typically good, but not always. A lot of this is not even just environmentalism. It's spiteful, punitive anti-oil/gas-ism.

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Previous Trivia Tidbit: Democrats Are Super Liberal & Everyone Knows It.

Posted by Will Franklin · 2 July 2009 08:57 AM

Comments

The wording Congressmen use for this "Frac act" is ridiculous.

Press Release: Frac Act

"The problem is not natural gas or even hydraulic fracturing itself. The problem is that dangerous chemicals are being injected into the earth, polluting our water sources, without any oversight whatsoever."

1) There is oversight already. By people that actually known what is going on, instead of Congressmen on witch hunts against the previous Administration and the Oil & Gas Industry.
2) They are not secretly and intentionally pumping chemicals into water zones or zones anywhere near water zones. While Hinchey doesn't specifically say that he is twisting facts and using half-truths to make it appear that way.

"It is irresponsible to stand by while innocent people are getting sick because of an industry exemption that Dick Cheney snuck in to our nation’s energy policy."

What is irresponsible is to continue to 'blame Bush' and 'blame Cheney' and to make policy based on intentionally misguiding facts for political witch hunts.

Propublica.org

Dem media calling it a "controversial drilling process", contending that it is "information that has largely been protected as trade secrets" is preposterous. Again this is something we've been doing for 50 years in this country. Not something hidden in the shadows, not something new that we just started. Can you find a few accidents? I bet you can, but in no way does this demonstrate the intent of the Oil & Gas industry or a high risk level for something done safely and successfully millions of times. If that's cause to shut something down then I challenge you to find any industrial process, power generation, energy/power delivery, transportation devices or basically any post-Industrial Revolution product or process that has not had accidents.

All in all this is just ridiculous. I honestly don't know any other way to say it. And to preemptively shut the spin machine down, no I don't work for a company that does fracs, hires others to do fracs or am financially involved in fracing or frac tools.

Posted by: JR Ewing at July 2, 2009 10:19 AM

The EPA administration is suppressing a Internal Global Warming Study by Alan Carlin, Senior Operations Research Analyst at National Center for Environmental Economics(NCEE. The Office of Director Al McGartland of EPA forbids Carlin from speaking to anyone outside EPA/NCEE on endangerment issues. (Global Warming). Read the set of 4 EPA e-mails from McGartland http://cei.org/print/22662
This action by McGartland is in support of the Obama Administration position of Global Warming. The Carlin report refutes this position. And it ran counter to the Administrations views on carbon dioxide and climate change. The Administration wants this report kept from the public so its findings to not interfere with HR2454 American Clean Energy & Security Act (Cap & Trade bill). This bill recently passed the Congress. And now it will go to the Senate for vote. It is extremely important that the citizens of the USA know about this report. HR2454 is another great travesty's played on Americans by her government. The result will be drastic increases in your electric bills by 90% by 2035. Contact your Senators and demand they vote NO to HR2454. To read the Carlin" internal study on climate science", log on to: http://cei.org/cei_files/fm/active/0/DOC062509-004-pdf

Posted by: Toni at July 5, 2009 05:10 PM

Hmm. Is it true? :-)

Posted by: macromedia at July 7, 2009 03:32 AM