FRACKING IS THE FUTURE

Twenty-three years ago this Sunday, August 24, 1991, Ukraine – by a vote of its Parliament of 321-2 – seceded from the Soviet Union and declared its independence. 

Russian fascist imperialists have been desperately trying to reconquer it ever since, from massive bribes to Ukrainian politicians to be pro-Russia, to KGB destabilization of Ukraine’s government, to KGB poisoning of Orange Revolution leader Viktor Yushchenko, to holding it hostage to Gazprom gas, to Putin’s seizure of Crimea and attempt to seize all of eastern Ukraine.

Putin’s frantic aggression in Ukraine is not based entirely on a revanchist desire to recapitulate the USSR.  It turns out there’s a lot of frackable shale gas in Ukraine’s east – over 140 trillion cubic feet (tcf) in the Yazivska field alone right near where Putin’s agents shot down MH17.

The economy of Russia is an upside-down pyramid balanced not on its base but on its tip of Gazprom gas sales to Europe.  Should European countries start to frack their own reserves, Gazprom dies and Russia with it.

Thus Putin has been bribing every EU bureaucrat, politician, journalist and enviroweenie he can to protest against, denounce in the news, and pass laws to ban fracking.  It has worked marvelously – until now. 

Bulgaria, for example, was bought off to ban fracking in 2012 even though a contract had been signed with Chevron to frack the Novi Pazar field thought to have as much as 20tcf.  Since the country uses a little over 100bcf per year, all from Gazprom, that’s freedom from Russian gas for 200 years.

A month ago (7/23), the entire bought-off government was forced to resign due to massive public protests.  The incoming government announced on Monday (8/19) the suspension of Gazprom’s South Stream pipeline, while saying it would look favorably on the demand by Bulgarian miners to repeal the ban on fracking shale gas.  Such gas, it noted, would be 3 to 4 times cheaper than Gazprom extortionate prices.

The other EU country to outright ban fracking is France.  It imports 1.7tcf a year, 25% of which from Gazprom.  Believe it or not, France has proven frackable shale gas reserves of 140tcf in the Paris basin and the southeast – 80 years of supply.  Yet Frenchie environuts go bananas over fracking scare myths.

Recently, however, there are stories like this in the LA Times;  Pressure Builds To End France’s Ban on Fracking.  If there’s hope for France, there’s hope for any country.

Meanwhile, CNBC is reporting: Shale Gas’ Next Frontier Could Be Poland.  Warsaw is so determined to use fracking to free itself from Gazprom extortion – Poles are forced to pay twice as much for the same gas pipelined to Western Europe – that it is ignoring threats from bought-off EU bureaucrats in Brussels to keep fracking restrictions.

In Merrie Olde England, hippie anti-frackers are even more wacko than in France.  Last weekend, they superglued themselves to the entrance of the UK Environment Ministry.  But Britain is lucky to have a pro-fracking PM in David Cameron.

That’s because the British Geological Survey estimates there are 1.3 quadrillion cubic feet of shale gas in one English field alone (the Bowland Basin).  That’s 1.3 thousand trillion.  And there are other fields plus a lot more offshore.  No way superglued hippies are going to get in the way of this.

The Putin Huilo smirks and puts up a brave front on all this, asserting that China will buy all of Gazprom’s gas instead – who needs Europe?  Right.  China now has pipelines running directly from the giant Central Asian fields (Kazakhstan and Turkmenistan), and is thus hammering Gazprom pricing on any gas the Chicoms deign to buy from it.

Further, China has its own 1.2 quadrillion cubic feet of shale gas, with no tolerance for fracking protests.  Who needs Russia?, ask the Chicoms.

The bottom line is:  Fracking is the future.  The lowering cost of energy thanks to fracked shale gas is driving down operating costs for businesses across the board and for households to heat their homes and cook their food.  And more and more, to drive their cars and trucks.

The Cummins natural gas engine is taking the trucking industry by storm.  GM’s 2015 BiFuel Chevvie Silverado is the hottest pickup going now.

You may recall TTP advocated and predicted this even before the fracking revolution in The Natural Gas Solution from May 2006 (scroll to the end for the ten itemized points of the solution).

An indicator of just how much fracking is the future is that Mexico, with its enormous reserves yet with the most corrupt oilco on earth, Pemex, as an albatross around its neck, announced on August 6^th: Mexico’s Shale Gas Sector Open to Private Investors.

This is a very big deal, just as "historic" as the article claims:

"This is the end of Pemex’s monopoly and the beginning of a new era of competition in Mexico’s oil and gas sector. Pemex will now compete with companies such as BP, Chevron, ENI, ExxonMobil -which have already shown an interest in investing in Mexico’s oil and gas sector."

There will now be billions in investment pumped into Mexico’s economy, with scores of thousands of jobs.  Hordes of Mexicans will now be able to make a living in their own country, and not have to try to make one living as an illegal alien in the US.

Countries that decide to be a part of the Fracking Future, like Mexico, have a real future now.  Countries that don’t, like France… well, c’est la vie.

America didn’t just decide to a part of this – America created it, invented it.  That’s what we do – we invent the future.  To the world’s betterment.  Countries like Russia that attempt to stand in the way of the future or recreate the past, we’ll be seeing them shrinking in the rearview mirror.

We’ll soon be seeing the Zero Presidency fading from sight in history’s rear view mirror.  Then it’s pedal to the metal towards the future once again – and no looking back except to wave goodbye.

Ps:  There’s a great new book out that explains fracking and clearly refutes all the arguments and myths against it.  I highly recommend Groundswell: The Case for Fracking by Ezra Levant.

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