So frack already
Here’s the deal. We’ve said for like a hundred years and then some that G-d had a sense of humour when he gave the only tiny chunk of land in the Middle East to the Chosen People for their country that was devoid of any kind of natural resources. It didn’t seem like he chose too well for his chosen folks. Now, however, it turns out that we not only have the largest natural gas deposit, like ever found, on our coast but that our high and dry desert land is sitting atop the greatest shale oil resource practically on the planet. According to everything I’ve read, the amount of oil we are sitting on is more than Saudi Arabia has pumped or can pump before their wells run dry. We just can’t get at it with traditional oil wells but have to harvest it with a process called fracking.
Fox, Real Clear Politics, the NY Post and the Wall Street Journal have all run stories this week on our amazing shale oil deposit, fracking potential, and the idea that world-wide anti-Semitism is about to turn to dust over lust for our hidden oil. Dream on, folks. I’d say that they might fawn at our feet while grinding their teeth and feeling even more resentment below the surface. On the other hand, they may double-down on trying to make sure that we will lose our lands so that someone, anyone, other than us sits atop it, even if it means they don’t get any (because, hello, look at the neighbours who want to wipe up out and how well they manage their own countries/territories).
I don’t give a frack either way. If we do get fracking then if they fawn, well that will be nice for the couple hundred years it would last because at least we might even get treated equally to other nations for awhile; If they double down on the other option, well we’ve actually got a military that is the best in the world to make sure that is foiled. We should get fracking because folks here could use the economic uplift and, even more importantly, we can use the economic infusion to further research into the technological resources that will keep us afloat after the oil and gas are gone.
We’ve just signed a couple of important deals with Canada on fracking and we’ve just signed on the bottom line on a deal with Russia regarding sale of our natural gas. Ordinarily, at least in my lifetime, the U.S. would have been right in there ahead of everyone else and given preferential treatment but is now nowhere to be found — they didn’t even belly up to the bar. You might write that down as part of U.S. policy to stop new, and a large number of existing, traditional oil extraction domestic ventures, the x-naying of the Keystone pipeline, etc., but it doesn’t hold up well when you consider the government (tax-payer funded) investments in oil extraction south of the border in the last few years, with investments that don’t even give anything back to the U.S. What the frack?
Get fracking, already, I say.