Is this a fracking joke?

[HiAngle]

So who knows much about this stuff? Assuming this is all true, and I don't know enough about it to prove otherwise, is the technology and ability to deliver the product to the market available today? If so, can this impact our economy quickly- within the next couple of years?

I have visions of lawsuits slowing this down. Way, way down.

If there's been one consistent thread running through the U.S. economic story since 2008, it's been the steady drumbeat of gloom.

Outright recession or sub-standard growth, stubbornly high unemployment and fiscal crises have been the topics du jour when it comes to the world's biggest economy.

But now an unlikely champion for U.S. growth under the Obama administration has emerged -- a former adviser to a Republican Party presidential candidate and Harvard history professor, Niall Ferguson, who says America could actually be heading toward a new economic "golden age."

And it has nothing to do with Washington and everything to do with energy.

"This is an absolutely huge phenomenon with massive implications for the U.S. economy, and I think most people are still a little bit slow to appreciate just how big this is," he said in Hong Kong this week.

"Conceivably it does mean a new golden age."

http://www.cnn.com/2012/11/23/busine...html?hpt=hp_c1

[streetg]

I recently saw a documentary on fracking, this was specifically related to natural gas. It interviewed quite a few homeowners who supposedly had good well water b4 the fracking started and now they could turn on their kitchen taps, put a flame to them and light it up. I'm all for energy independence and fracking IF the freakin frackin can be done safely. This documentary highlighted 5-10 cases out of the prolly thousands of homeowners that have not had issues for all I know but it did look scary. They showed one dude who owned a farm and all his animals were losing their hair as well as just looking thin and sickly in general, supposedly from drinking the freakin frackin contaminated well water.

[RGRider]

Originally Posted by HiAngle

So who knows much about this stuff? Assuming this is all true, and I don't know enough about it to prove otherwise, is the technology and ability to deliver the product to the market available today? If so, can this impact our economy quickly- within the next couple of years?

I have visions of lawsuits slowing this down. Way, way down.






http://www.cnn.com/2012/11/23/busine...html?hpt=hp_c1

Golden age. Til the Dems figure out a way to kill it and have us be the banana republic they envision.

[smitty901]

Tell that to my friends getting laid off in Dec for a long time due to the election.

[utrvp]

Originally Posted by streetg

I recently saw a documentary on fracking, this was specifically related to natural gas. It interviewed quite a few homeowners who supposedly had good well water b4 the fracking started and now they could turn on their kitchen taps, put a flame to them and light it up. I'm all for energy independence and fracking IF the freakin frackin can be done safely. This documentary highlighted 5-10 cases out of the prolly thousands of homeowners that have not had issues for all I know but it did look scary. They showed one dude who owned a farm and all his animals were losing their hair as well as just looking thin and sickly in general, supposedly from drinking the freakin frackin contaminated well water.

I am neither disputing nor supporting the documentary for two reasons. The first and most important, I haven't seen it. Second it is useful to know who is behind the documentary. A well produced documentary can make any point they want and do so convincingly. Was the other sides views presented fairly and objectively. I am not suggesting this is what they did but it is not difficult to inject gas into a waterline and there could be many other reasons for sick animals that have nothing to do with fracking.

[DJW]

Energy = Prosperity (and also mass x the speed of light squared).

Give me unlimited cheap energy and I'll give you prosperity. Is fracturing that energy? No-probably not, but in degrees? yes....

[streetg]

Originally Posted by utrvp

I am neither disputing nor supporting the documentary for two reasons. The first and most important, I haven't seen it. Second it is useful to know who is behind the documentary. A well produced documentary can make any point they want and do so convincingly. Was the other sides views presented fairly and objectively. I am not suggesting this is what they did but it is not difficult to inject gas into a waterline and there could be many other reasons for sick animals that have nothing to do with fracking.

This Doc was absolutely made from a very GREEN point of view
I don't remember what channel it was on so I can't direct you to it. Like I said, maybe they interviewed 10 people out of a half million that had no problem, who knows. It does seem to make some sense that when they're busting rock formations thousands o feet below grade and pumping who knows what for chems in there that some weird chit can happen. They showed a Senate sub comitee questioning some energy big wigs on what the chems were in the cocktails they pump in them holes and couldn't get a straight answer. I personally hope it was just a green propaganda doc, but it did make ya think.

[Fourcats]

"but it did look scary"...thats what they count on. If the admin wasn't heading us to obieville they could be backing manufactures of purification systems for ill effected areas {maybe even solar/wind powered systems}

[Fred1369]

Wait till other countries start doing their own gas exploration with fracking.
BTW, that Keystone pipeline we all wanted to help make the USA oil independent ... that oil is not for us. It is Canuck oil to be refined in Texas and then exported to whomever wants it. But it is not for us.

Are workers in the fracking areas allowed to smoke?

[rig hand]

i work in the field . i think we need to think less that fracing is bad , and concentrate more on bad cementing jobs . much of the sub - surface has natural voids and fishers in it . that canrun into an aquafir to create that problem naturally . if a guy bitches enough there might be a free water well in it for him . right now all the major players in the biz are spending billions to make fracing greener . in the old day's , you dont want to know the stuff they pumped down hole........

[WEINERDOGBONE]

It sounds pretty good but I've also read some stuff written by "experts" that believe the current economy is the new normal.

Time will tell I guess.

http://www.outsidethebeltway.com/is-...he-new-normal/

[RK05]

We have some land in South Eastern Kentucky that we want to sell off the coal rights for so hopefully this makes its way there.

[RGRider]

Originally Posted by RK05

We have some land in South Eastern Kentucky that we want to sell off the coal rights for so hopefully this makes its way there.

Coal is dead. Obama said so.

[Fred1369]

your utility costs will skyrocket:

You Tube

You Tube

[webco2]

Originally Posted by rig hand

i work in the field . i think we need to think less that fracing is bad , and concentrate more on bad cementing jobs . much of the sub - surface has natural voids and fishers in it . that canrun into an aquafir to create that problem naturally . if a guy bitches enough there might be a free water well in it for him . right now all the major players in the biz are spending billions to make fracing greener . in the old day's , you dont want to know the stuff they pumped down hole........

Let us assume that surface casing is set correctly to depth and bonding is 100%, intermediate is set and 100% bonded to surface and formation, long string is set and bonded to intermediate and formation. Now for the question; I'd like to know how the free gas is making it's way above the cap rock in your example??? If it was not free flowing before drilling and before frac'ing, how can it be now????