The world has changed. Although few yet understand it, the revolution in the production of oil and natural gas from shale has altered the course of global energy, affecting most of the world’s people. This is not a short-term event. Citizens, industries and nations will be impacted for decades to come.
Multi-well drilling and walking rigs have become important because the fracking revolution has dramatically changed the way we produce oil and natural gas over the past 10 years. Unlike conventional oil and gas production, which takes place in permeable rock formations such as sandstone, fracking develops oil and gas from shale, which requires fracking. Multiple wells must be drilled in different directions to tap these resources from the rocks below.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Mark Mills. Mills, a senior fellow at the Manhattan Institute, has a background in science and actively works in economics and technology. Mills and Burnett discuss his Tenth International Conference on Climate Change (ICCC-10) presentation: Shale 2.0.
The climate alarmists are practically giddy over Pope Francis’ recently released “climate encyclical”—remember, these are, generally, the very same people who dis the church and its position on abortion, the origin of life on earth, and the definition of marriage. Even Al Gore, who admits he was “raised in the Southern Baptist tradition,” has declared he “could become a Catholic because of this Pope.”
Green zealots believe that we can and should run modern societies exclusively on “Green” energies, and they have embarked on a war on hydrocarbons. They need to be told that their green energy favourites are just stealing from the biosphere – they are not as green as they claim.
Even with prices 40 percent lower than a year ago, we remain the world’s No. 1 producer of crude oil and other liquid hydrocarbons. Imports of oil have dropped from 60 percent of consumption to about 35 percent just in the past five years. We’re also the world’s largest producer of natural gas.
Recently, Science Director for The Heartland Institute, Jay Lehr,Ph.D, was on Fox’s Your World with Neil Cavuto to discuss new regulations on hydraulic fracturing. Lehr was joined by The Accountability Project’s president Nomiki Konst. As you can see in the clip above, Lehr and Konst have very different views on the safety and reliability of fracking.
Two technologies—hydraulic fracturing, also known as “fracking,” and horizontal drilling—have transformed the United States from an also-ran into a frontrunner in terms of energy production. These breakthroughs allow scientists to tap previously uneconomic reserves of oil and natural gas, making the United States the world’s largest producer of both vital energy sources.
Responding to the announcement by New York Governor Andrew Cuomo that the state would ban fracking, Ms. Noon joined others, bringing their expertise to bear on a topic that remains a concern only because environmentalist enemies of energy in America continue to lie about it every chance they get.
Hydraulic fracturing started out as an “exploding torpedo” back in 1865. Today, nearly 150 years later, the actual process has made giant technological strides, but now, it’s the topic that’s explosive.