Will Fracking Bring Down Muslim PetroPower?

There’s a reason that Obama and his liberal allies are doing everything in their power to bring the fracking revolution to a halt. Or why Hollywood is churning out anti-fracking propaganda flicks like The Promised Land with gulf oil money.

The US shale gas boom, drastically cutting the cost of gas, is shaking the foundations of the Saudi Arabian economic model—and more is coming. The highly profitable $100bn Gulf petrochemical industry is taking a hit as its biggest customer—the U.S.—is importing less and relying instead on domestic production.

US gas prices have plummeted due to new techniques, known as fracking and horizontal drilling, developed to extract the vast deposits of shale gas in the North American bedrock. Production has jumped by nearly a quarter since 2000, reducing demand for Saudi gas. If China figures out how to exploit its own shale gas reserves the Saudis will have every reason to be nervous. The two pillars of the Saudi economy—oil and petrochemical exports—will both be on shaky ground.

And already falling demand from China is having an impact on the Saudi economy.

Sabic, which has felt softer demand from China, has reported declining profits in every quarter so far this year. In the third quarter net income fell 23 per cent from the year-earlier period; it fell 35 per cent in the second and 5 per cent in the first quarter.

There’s not much that the Saudis can do about China, but the Saudi Lobby has been a longtime player in the American political scene and the Gulf Oil States combined are a formidable force not just on Capitol Hill, but in the media and the culture, where they successfully undermined the War on Terror using not just lobbyists but also public relations firms.

As far as the Saudis are concerned, they own the American energy marketplace, and they need it badly. And it may be in part the growing threat of Western energy independence that drove the Arab Spring-Islamic Winter wave of coups against Arab countries allied to the United States and possessing exploitable quantities of gas reserves.

  • Marlene

    The second page of this article has two videos taken at a Boulder County Commissioners’ public hearing about fracking. This is a must see for several reasons:

    1. The stealing of childhood innocence….teaching them to believe that the air, water and oceans are poisoned, what a happy thought.

    2. The rudeness that these people have for those who don’t agree.

    3. How people who are supposed to be loving and kind and caring have no problem threatening other people.

    This is who we are up against when it comes to people who have no common sense, or decency.

    “The first shows the shameless conscription of children into the fray. Be sure to watch the second one to the end to see the stalking of two Encana women employees to their car at night after they left the meeting amid taunting shouts including “where do you live” and “where do your kids go to school.”

    • Mary Sue

      the anti-frakkers truly are psycho.

  • SuicidePrevention

    Sadly, the answer is NO. Fracking will not bring down Muslim Petro Power. There is alot of methane gas
    in shale rock formations but, the fracking process is very expensive compared to conventional production techniques. It is expensive not only in terms of dollars, but also in terms of energy. Lots of diesel fuel is
    used to power all of that drilling and pumping. So the net energy liberated from underground currently is (wild guess) only 90% of gross oil production from fracked wells. The percentage will decline as the best prospects are always drilled first. See http://www.theoildrum.com/

    • Joe

      "…the net energy liberated from underground currently is (wild guess) only 90% of gross oil production from fracked wells." Sounds good, I'll take it!

  • http://bluecollarbytes.newsvine.com/ bluecollarbytes

    Thankfully, fracking technologies have not hit a brick wall, and advancements ate still being made. The threat to fracking's success will come from politicians, Obama in particular, not from fracking itself.

  • Dublin Shay

    You don't have to be a very right wing zenophobe to support the fracking process. It is just progress and will continue to happen all over the world despite disgusting sites like this. Anybody with knowledge of oil extraction knows how similar the pollution problems are with gas extraction using fracking, earth quakes, radiactivity, Gulf of Mexico destruction, we have lived and coped with these probelms for over 120 years, nothing new and little nice about it, but we sit here in our warm winter homes, and use our mainly plastic computers all courtesy of carbon fuels. So if you don't like it turn off your computer and go out into the cold.

    • objectivefactsmatter

      "So if you don't like it turn off your computer and go out into the cold."

      So you do like it.

    • chan chan

      Fracking is great for the world. Carbon based fuels have been an incredible blessing for humanity, and we need to exploit them ceaselessly until there is not one single drop of oil, one shard of coal, or one cubic foot of gas left on this planet. You cannot possibly survive without it, unless you are suspended in mid-air, in some form of forcefield, and all your needs appear magically out of nothing at the snap of your fingers. So even if you're a superannuated hippy, one of those dumb May '68ers, I have news for you – you're just as 'guilty' as the rest of us.

    • RedWhiteAndJew

      You don't have to be a very right wing zenophobe to support the fracking process. (emphasis mine)

      Nor do you have to be a left wing pinko knob-polisher who can't spell xenophobe correctly.

      Carry on.

  • tanstaafl

    Frack, baby, frack.

  • objectivefactsmatter

    Whatever the long-term consequences, we should do everything possible to become 100% energy independent within a quantified time, with no compromises. During that time, we tax fossil fuels at the present rate but require them to be used to incentive consumers who choose renewable energy without any possible way to favor products or companies that would otherwise fail. The problem has been for a long time (forever?) that political considerations always corrupt our plans due to the lack of integrity of our elected officials. However, communist-socialist indoctrination has CLEARLY made all of that much worse than it would be if we the citizens could have rational discussions with each other. Even many who consider themselves conservatives are suckers for many of the socialist lies.

  • rightwingcanadian

    the problem is that idiot liberals think Islam is a religion of peace and automatically assume just because oil is north American it makes it automatically dirty if we didn't have these types of people in our society we wouldn't have this problem.

    • Mary Sue

      Eh, they're perfectly fine with dirtying up barren sand and rock and desert. When there's beautiful boreal forest on the line, they go into catatonic states.

  • jleinf

    Obama will block,by any means necessary, any attempt to reduce dependency/cash flow to Saudi Arabia. That means blocking the keystone pipeline,domestic production and fracking. He wants America dependent on ME oil to reward his sponsors,keep us vunerable and drive the prices up.

  • Pinky

    The whackadoodle environuts just repeat the usual litany of talking points. Destroys health, property values, communities, the sky is falling, fracking will push your grandma off a cliff!!!! Please people just get a grip already. Drilling for oil and gas has been going on in my corner of Pennsylvania as well as worldwide since Drake hit oil in Titusville in 1859. Fracking is just another drilling technology. The truth is these anti-frackers are really anti-American. Not only is natural gas a much cleaner fuel than coal, diesel or gasoline, it is used to make plastics, fertilizers, textiles, medicines, paints, – in fact everything you touch all day long has natural gas byproducts. Your car, your cellphone, your computer, your shoes, aspirin, etc. The shale gas boom means high paying jobs, tax revenues, royalties for farmers, cheap energy, national security, energy independence and yes even a reduction in CO2 emissions. It is a win-win-win for us all and should encouraged.

    And just a little side note here, ETHANOL from corn is the worst idea ever! Not only does it increase food costs exponentially, it INCREASES CO2 emissions. Obviously the environuts skipped class to smoke some dope the day their high school science teacher covered the fermentation process. CO2 is emitted in huge amounts when making ethanol, not to mention the fuels used to grow, transport and cook the corn added to the CO2 when the ethanol is burned. And that is not to mention the 10% to 20% reduction in fuel economy when burning ethanol/gasoline blends. When you do the math and add it all up it is ridiculous to the extreme how much more CO2 is generated from the “green”, “sustainable” ethanol boondoggle.

    The environuts are the ultimate hypocrits when it comes to these kinds of issues because they want to shut down all the “dirty”, “greedy” industrial operations, but are the first to complain when the lights don’t come on or gas prices increase. I will listen to them when they go completely “off grid”, no electricity, no car, no cell phone, nothing. Then they can preach to the rest of us how we are supposedly killing the planet.

  • edward

    I actually know someone whose water supply was destroyed by some company fracking about 1/2 mile away from them.