Skip to comments.US Energy Independence Can Be Created
Posted on 11/20/2012 2:41:06 PM PST by Mr. Doctor
The US government can create an appropriate level of energy independence by causing up to four million barrels per day of additional transportation and heating fuels to be produced from North American energy sources by auctioning long-term financial hedges (Contracts for Difference) to firms offering the best terms for building appropriate conversion facilities. An appropriate level of energy independence is one that a) greatly reduces volatility of worldwide oil markets, b) eliminates the perceived need for political and military intervention in the Middle East and other unstable regions, and c) allows sensible and transparent competition among alternate sources of basic energy.
(Excerpt) Read more at energytribune.com ...
Don’t hold your breath.
I was talking to an executive today at a US company that makes equipment for hydro-fracking.
He said of course we driven the price of nat gas down to 2 bucks, and drilling has fallen off in the US. But inquiries are coming in from all over the world.
Said W. Europe won’t do it because of environazis, but pretty much everywhere else you’ll see a huge increase in energy production from fracking.