What if the conventional wisdom about the energy future of America and the world has been completely wrong?
As everyone who follows news about energy knows by now, in the last decade the technique of hydraulic fracturing or "fracking," long used in the oil industry, has evolved to permit energy companies to access reserves of previously-unrecoverable “shale gas” or unconventional natural gas. According to the U.S. Energy Information Administration, these advances mean there is at least six times as much recoverable natural gas today as there was a decade ago.
Which is why we've got Obama & Co. sending Empty-Hat Salazar out to put as much area as possible off-limits for drilling; they don't WANT us to have that energy.
Without massive, permanent government subsidies or equally massive penalty taxes imposed on inexpensive fossil fuels like shale gas, wind power and solar power may never be able to compete. For that reason, some Greens hope to shut down shale gas and gas hydrate production in advance. In their haste, however, many Greens have hyped studies that turned out to be erroneous.
Yeah, kind of like the crap on globular warmering from the CRU. And the Robert Howarth study they note.
One of the best things about this story? It's in that nasty, right-wing, Gaia-hating publication known as Salon. Which means lots of their readers are trying to stuff their brain cells back through their ears.
One of the things this means? We really could tell the oil ticks in the mid-East "Hey, guys, we don't need much of your oil anymore; so go screw goats." If Obama & Co. stopped trying to bury us in a 'green energy' hole.