Reply To: Climate, the science, politics, economics and anything else


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#79146
michael norton

U.S.A. Fracking

“An imbalance in the supply-demand dynamics for the oil and gas produced by hydraulic fracturing in the Permian Basin of west Texas is an increasing challenge for the local industry, as well as a growing impact to the environment. In 2018, so much excess natural gas was produced with oil that “prices turned negative” and wasteful flaring increased to a record 400 million cubic feet per day. By Q3 of 2019, the wasted gas from this region alone, almost doubled to 750 million cubic feet per day”

https://en.wikipedia.org/wiki/Hydraulic_fracturing_in_the_United_States

“Proponents of hydraulic fracturing touted its potential to make the United States the world’s largest oil producer and make it an energy leader, a feat it achieved in November 2012 having already surpassed Russia as the world’s leading gas producer. Proponents say that hydraulic fracturing would give the United States energy independence.”

So a couple of years ago, there was not a fuel shortage.

Looks like covid stopped the fracking.

Maybe if covid calms down, fracking will be kick-started in the U.S.A.
This is one of the reasons Putin wants an early opening of Nord Stream Two with long contracts, his best option.