You simply are ignorant of what is really going on in our Domestic Oil industry. The reason we have to Frack, is due to the fact that the producing formations are so poor and yield so little.
Another aspect of fracking is, it only gives a temporary boost to production, but that gain, falls off rather quickly. The initial depletion to the overall target formation, reduces overall production yields through out the entire field as well.
Where every you see the term “Fracking” being used, it simply means that without it, that formation did not have the ability to make production possible or profitable. And even that aspect is very limited.
As far as total volume of oil on this continent, most of it is not producible and recovery rates are very low. You have been misled into thinking that the total overall estimates of hydrocarbon volumes under the continent are 100% producible, when they are not even 20% producible.
Just the announcing of the oil Pipeline approval, more oil drilling in the U.S., and fracking technology approval in the U.S.A would lower prices today. You sound like the liberal media. How does it feel to be a mindless slave of the mainstream liberal media?
Come on Sarah Palin , run , become president, drill baby drill and banish Obama to ANWAR.
The Germans made oil/or gasoline from coal in the 1930’s . And you say we have no means to boost gasoline production.that’s ridiculous. The U.S. has unlimited amounts of oil, coal, natural gas, shale oil,oil,offshore oil, oil,nuclear under shale etc. : All of those have been stopped by democrats, Obama and the mainstream media.
http://www.rushlimbaugh.com/daily/2012/02/24/we_need_a_pond_scum_czar
Fracking has been used for a long time even on shallow wells. After that, well tenders monitor the flow. Over time the wells need to be worked over to remove the water and other material that starts to fill the well. That keeps the output up. A good well tender can maintain a constant level of production over a long period of time.