• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Venango County Tea Party Patriots

A non-partisan, non-profit, non-member, association dedicated to educating the public and promoting the principles of fiscal responsibility, constitutionally limited government and free market economics, and all other lawful activities.

  • Home
  • Events
  • Alerts
  • Resources
    • Resources – National
    • Resources – Pennsylvania
    • Resources – Venango County
    • Election Voter Registration Resources for Churches
    • Voter Resources
    • Resources – Other Organizations
  • Voter Registration Tools
  • Get Email Alerts
  • Contact Us

Jane Richey / June 12, 2012

Fracking Has Moved America’s Production Goalposts

The nat­ural gas mar­ket has been trans­formed by the rapid expan­sion of shale gas pro­duc­tion. A dozen years ago, shale gas amounted to only about 2 per­cent of United States pro­duc­tion. Today, it is 37 per­cent and ris­ing. Nat­ural gas is in such ample sup­ply that its price has tanked. This unan­tic­i­pated abun­dance has ignited a new polit­i­cal argu­ment about liq­ue­fied nat­ural gas — not about how much the United States will import but rather how much it should export.

The oil story is also being rewrit­ten. Net petro­leum imports have fallen from 60 per­cent of total con­sump­tion in 2005 to 42 per­cent today. Part of the rea­son is on the demand side. The improv­ing gaso­line effi­ciency of cars will even­tu­ally reduce oil demand by at least a cou­ple of mil­lion bar­rels per day. The other part is the sup­ply side — the turn­around in United States oil pro­duc­tion, which has risen 25 per­cent since 2008. It could increase by 600,000 bar­rels per day this year. The biggest part of the increase is com­ing from what has become the “new thing” in energy — tight oil. That is the term for oil pro­duced from tight rock for­ma­tions with the same tech­nol­ogy used to pro­duce shale gas.

Read more.

Share this:

  • Telegram
  • Facebook
  • Twitter
  • LinkedIn
  • Pocket
  • WhatsApp
  • Print
  • Email

Filed Under: Constitutionally Limited Goverment, Free Markets Tagged With: fracking, gaso­line effi­ciency, natural gas market, shale gas

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Recent Posts

  • Sept. 11, 2022 – Patriot’s Day – 2nd Screening
  • So, what’s VCTPP doing to bring Election Integrity back?
  • April 23, 2022 – VCTPP Monthly Meeting

Archives

Footer

Contact Us

Venango County Tea Party Patriots
155 Summit Drive
Franklin, PA 16323

Phone
814-671-7110

Email
jane@vctpp.org

Frequently Searched Terms

Agenda 21 Barack Obama Ben Bernanke budget climate change Congress Congressional Budget Office debt deficit Department of Energy Department of Health and Human Services economy environment Environmental Protection Agency EPA Federal Reserve fiscal cliff food stamps fracking gas prices global warming Government Accountability Office Governor Corbett green energy Internal Revenue Service IRS Keystone Pipeline marcellus shale Medicaid Medicare natural gas Obamacare President Obama recession regulations sequestration small businesses Social Security spending cuts stimulus taxes TEA Party unemployment United Nations voter ID

Facebook has been “fact-checking,” blocking and removing conservative posts. Follow us on Telegram.org for unedited access.

Click Here

Follow Us

Follow Us

Copyright © 2023 Venango County Tea Party Patriots · Web Design by OptimusMedia.com · Log in