Friday, May 6, 2016

Two-Thirds of U.S. Gas Supply Now Comes From Fracking

Two more updates from Bloomberg.  This one is the good news/bad news report.  Great to see energy production come home.  Love to this sea change shift of money and job back to local states and communities.

Conversely, fracking has environmental risk.  We see massive fires going on at Fort Murray, Alberta, Canada's home to hydrolic fracturing.  Is there any relationship between the ignition and resulting fires?  Not sure but gas production sitting next to blazing fires scares us.  With the town emptied, who knows when production starts back up.

If you view natural gas as a good bridge fuel to a world, and economy, moving quickly to powered 100% by renewables, then let's keep drilling and refinement domestic:



Hydraulic fracturing, the method used to extract oil and natural gas from shale formations deep underground, has gone from a niche activity to the process responsible for more than two-thirds of U.S. gas supply. Fracking now accounts for 67 percent of marketed gas output, up from less than 7 percent in 2000, according to the U.S. Energy Information Administration. The controversial technique involves pumping water, sand and chemicals into a well to break apart rock and release fuel.

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