1. There is much lobbying going on in every state capital, and in Washington DC to greatly increase the consumption rate of Natural Gas. As example, lobbyist for the Natural Gas industry convinced Pennsylvania officials to give the industry $50 million of our taxpayer dollars to help the industry built Natural Gas stations along the interstate, and to give grants to municipalities to convert their fleets to natural gas. Both of these actions aimed at greatly INCREASING current rates of consumption.
2. By some estimates, as much as 60 percent of the Natural Gas plays here in America have been sold to foreign companies...the largest player being China's state owned CNOOC. In short, this means the lions share of America's natural gas will be shipped overseas...which would explain why it is that most Natural Gas companies are investing their own capital into building large plants to liquify the natural gas, load it onto ships to be sent offshore (just like our jobs) to China and other countries such as India, while our tax dollars are being used to increase domestic supply and demand, which in turn will DRIVE UP PRICES, making Natural Gas just as expensive as the petrol we now put into our cars.
"We need to consider the depletion rate of these rigs, which is surprisingly 60% in one year! It means a gas well uses up its own supplies after 2 years of time!"
Articles You Should Read
|Fracking rules to be more stringent|
By Karl Henkel Ohio plans to scrap some fracking regulations in lieu of more- stringent rules, but some antifracking advocates remain skeptical about the proposed changes. Ohio Legislative Service Commission Final Analysis of Sub. ...
|Fracking may test water law|
Asked what international reports on fracking had been studied by her department, she said technical papers and reports “have also been consulted” from Canada, Europe and Australia – in addition to the US – where hydraulic fracturing for shale gas ...
|Earthquakes, Water Pollution and Increased Greenhouse Gas Emissions? Fracking ...|
The last decade has seen a sustained campaign by the hydraulic fracturing ('fracking") industry against its critics, as the fracking industry in the US alone was worth an estimated $76 billion in 2010 and is projected to grow to $231 billion in 2036 if ...