Tag: Fracking

Another oldie but goody from the long list of Obama got it wrong again

I now have no doubt that Obama was the most incompetent and destructive president of my time, unseating Jimmy Carter, which in itself is some staggering achievement, and that the only way he could have been saved from that distinction was a Clinton presidency. Lucky for the country and the world, and to the chagrin of your usual leftist douchebag and the guilty pleasure of people like me, we were spared that horrible faith. The guy, along with telling lies and lording it like he was an emperor, made it a point to say stupid shit and then be proven wrong. Of course, the LSM played defense for him and would twist itself into pretzels doing so. Let’s not rehash that conversation. After all, anyone still claiming that the bulk of what those of us have been calling the Lame Stream Media for years aren’t a bunch of biased leftists shills – democrat operatives with bylines if you allow this apt label – is themselves a blind partisan hack.

I could wax philosophical about the failures of Obamacare, the lies told to pass it, and the lies now told to keep it despite the fact the thing is an epic disaster, but that’s not what this post is about. I could also go into how I believe that despite the distraction tactics from the dnc operatives with bylines about Russia stealing the election, Trump being a Putin stooge, or focus on how the people that spend decades excusing the evils of communism and the USSR and then made fun of Romney when he pointed out the Russians were a problem now are all up in arms about that red scare they so sarcastically dismissed and defended, eventually all this empty posturing and belly aching bullshit will be swept away by the revelation that it is all smoke and mirrors to hide the fact that the Obama administration used both the US intelligence community and foreign entities to spy on political enemies of the left. Keep your eye on this one, because that is the real big story out there that the left is desperate to destroy Trump over so he can’t dismantle the machine that has been helping the left cover this criminal activity up. But that is not what this post is about either. Shit I could even go into the “I told you sos” I promised the usual douchebags we have here, and there are several of those already, but that’s not what this is about either. No, this post is about a old lie/idiocy told by Obama and the left, when they were hard at work pissing away billions of tax payer dollars on green shit that only served to enrich democrat operatives, friends, and donors. Let me set this baby up.

Remember when black Jesus told the country, during the days of $4+ a gallon gas, with prices going up and no end in sight, that those of us that were saying that the US should drill for oil to lower prices were morons that lacked his nuanced understanding of economics he had? Remember people saying “Drill baby, drill” being mocked by credentialed leftist elite cunts that made fun of how idiotic one had to be to believe that more oil somehow would reduce oil prices? Yeah, these days there is a reason you only hear people that like me knew Obama and the left were full of shit and either idiots or downright contemptible crooks talk about this topic, and that is because those that managed to do the drilling despite the cock blocking actions of the Obama administration, have brought us to this:

The oil cartel roped eleven other petrostates into an agreement to curtail production in 2017 and are currently working on extending that deal, but the output cut’s ultimate goal of eating away at the oil market’s glut of crude is being undermined by the actions of suppliers outside of OPEC—U.S. shale producers chief among them. Now, OPEC is revising upwards its estimates of how quickly supplies will grow outside of its membership this year by a whopping 64 percent. Bloomberg reports:

Production from outside the Organization of Petroleum Exporting Countries will increase by 950,000 barrels a day this year, OPEC said in a report, revising its forecast up by about 370,000. The projection is four times higher than in November, when the group announced a production cut to try and re-balance oversupplied world markets. Non-OPEC nations pump about 60 percent of the world’s oil. […]

“U.S. oil and gas companies have already stepped up activities in 2017 as they start to increase their spending amid a recovery in oil prices,” OPEC’s Vienna-based research department said in the report. “In addition to the growth in the U.S., higher oil production is expected in Canada and Brazil.”

Some of the most vile entities on the planet are feeling the pain of low oil prices. From Russia to Venezuela to Iran, low oil prices have prevented some of the most vile players from being able to do mischief. Of course in the case of Iran, they are these days not doing so bad after the Obama administration, which lied to the US people and the world at large about getting Iran to stop the production of a nuclear weapons, not only lifted the sanctions on them, but paid them close to a trillion dollars in a deal akin to selling one’s soul to the devil that basically left Iran free to still build a bomb unless someone else used force to stop them. And I love that the usual green peddlers are feeling it too. I am smart enough to see through the lies that government interference will make these technologies more viable. History has proven that whatever government mandates ends up reduced to near non-existent evolution and stagnated high prices. Look at healthcare, cars, and a plethora of other such examples on your own time. They are there if you are not ideologically blind. And yeah, I remember when government could make things happen. Those days are long gone now that government is populated and run by inept and idiotic credentialed elite douchebags.

Back to the main topic: low oil/gas prices. Want to know why we got that?

This supply-side surprise comes courtesy of American frackers, who have seized the opportunity afforded them by the petrostate cuts and have ramped up their own production over the past nine months. By cutting costs and boosting efficiencies, U.S. shale has made itself capable of profitably producing $50 per barrel oil.

This is the worst-case scenario for OPEC: whatever success its production limits have in inducing a price rebound, the fruits of those labors will be enjoyed first and foremost by U.S. companies who will find more of their shale operations profitable at higher prices. With projections for growth of non-OPEC supplies being ramped up so dramatically through the end of the year, it’s clear to see that that’s already happening.

Kiss your frackers when you see them. And if I might be allowed one more comment about the nefarious relationship with Russians, I point you not to the delusional democrat’s usual target – Trump – but to the people that have opposed fracking in the US. Oh, I have heard the counterclaims made by the same dnc operatives with bylines today perpetuating the lies about a Trump-Putin connection and still harping on about a hacked/stolen election, when there has been zero evidence of any sort of connection presented and their choice of words to mask that what happened was that someone did the US voters a favor and exposed the corruption and criminality of the dnc (and nobody even knows if that was the Russians, but they keep pretending it was) so spare me the douchebaggery.

Frack The Planet

Now this is interesting:

A new report discussed in the FT claims that American shale gas production has actually reduced carbon emissions by 450 million tons over the past five years, during which fracking came into widespread use. As the report mentions, gas—mostly obtained via fracking—has grown in usage by 38 percent over the past year alone, while much dirtier coal has fallen by nearly 20 percent over the same time period. The correlation between the rise of fracking and a fall in carbon output is not a coincidence. While greens have spent years chasing a global green unicorn, America has been moving towards reducing its carbon footprint on its own, and fracking has been the centerpiece of this change.

In fact, America’s drop in carbon emissions is greater than that of any other country in the survey. Greens have often praised Europe and Australia for their foresight in adopting forward-thinking carbon-trading schemes, while chastising America for its reluctance to do the same. Yet the numbers are out, and America has actually performed better than its carbon-trading peers. From an empirical standpoint, fracking has a much better track record at reducing emissions than the current green dream.

Cutting CO2 emissions was not the intent of fracking and shale gas, but that has been a pleasant side effect. It is a simple fact that natural gas gets you much more energy bang for the CO2 buck than coal. In fact, I would not be surprised if it does better than many of the “green” fuels we are being force-fed. Moving to natural gas isn’t a permanent solution. But 450 million tons is a massive reduction: more than the reductions produced by food miles and cap and trade combined. That’s progress — the sort of progress that can buy time while more long-term solutions like fusion are worked out.

I’m not going to pretend that fracking does not come with its own basket of environmental concerns. I live in central Pennsylvania, where a lot of fracking is going on (uh, that wasn’t supposed to sound that dirty). While the concerns are a bit overblown, they are not zero. But even then, fracking may still be better than coal, which can involve such things as mountaintop removal. Moving to natural gas is a positive in almost every way.

The Green’s reluctance to acknowledge this does, I think, undercut their claims to be pure-hearted environmentalists. Anyone who really cares about global warming would say that, while switching to gas isn’t a perfect solution, it’s a massive improvement. But the environmentalists have set a currently impossible goal of no CO2 emissions (the politicians, by contrast, have set goals of reducing CO2 emissions fifty years from now when they will all be dead).

What’s astonishing is that the Americas are rapidly becoming the world’s energy epicenter. Fracking, shale and deep water are quickly sidelining the Middle East as an increasingly minor player in the global energy market. I predicted this … Lee predicted this … years ago when oil prices first began to spike. That was a signal that we needed more energy and industry has responded. If we had imposed price controls like many Democrats wanted to, we’d not only be out of oil, but not exploiting these newer greener energy sources.

Here’s a quote from Lee. Expand it to fossil fuels in general and you’ll see, as in all things, that he was a fucking prophet:

The difficult argument is to explain to people, calmly and rationally, the situation with oil. The easy thing to do is terrify people into thinking that, just like sucking on a milkshake, one day we’re just going to run out. As I’ve said before, technological advances will make oil obsolete long before we ever actually run out of it. If oil were actually in any danger of running out any time soon it would be $500,000 a barrel instead of $100. (That’s freshman economics, folks. Everyone should understand that.)

Oil will never run out. Ever. There is too much money to be made in the technology industry for the world to keep relying solely on oil. We don’t need nightmares, we don’t need screaming histrionics, we don’t need end of the world scenarios. What we need are smart people taking the problem seriously, and finding workable, reasonable solutions to transition the world from a petroleum economy into the next generation.

Fracking and shale are the technology that is bridging us to the future. They are what will keep our economy going while we develop ever more efficient and less fossil-dependent energy sources. And by exploiting them, we are reducing our carbon footprint, reducing our dependence on foreign oil and reducing our environmental impact. It’s not all rainbows and sunshine — not by a long shot — but it’s certainly a lot more rainbowy than the alternative.

So the question to fracking opponents becomes this: why do you guys not care about the environment?

(PS – In finding that Lee quote, I dug up a lot of old posts. Here is another good one. I miss that guy.)

Update: Spain’s heralded green energy industry is collapsing without massive subsidies. I don’t want to play this up too much since the fossil fuel industry gets subsidies too — although at a far lower rate per Gigawatt of energy produced. But no one doubts the fossil fuel industry could survive without subsidies.