Industrialized Cyclist Notepad


Fracking is old technology

America’s latest oil rush was spurred by new technology that has made drilling faster, cheaper and better at unleashing oil from rock formations,…

That is false. Fracking (the oil guys always called it ‘fracing’) is old technology. Many decades old. But it’s an expensive way to get oil, relatively speaking. So it hasn’t been prudent to frack/frac for shale oil until the overall situation reached a certain point where the price of a barrel of crude was likely to remain above the cost of extraction. In other words, the fracking boom in the U.S. does not signal the death of Peak Oil. It is in fact part and parcel of a new era wherein cheap oil is a memory, a much more expensive era in energy. Perhaps that is why the misinformation campaign has been in overdrive.

via Asjylyn Loder, “American Oil Growing Most Since First Well Signals Independence,” Bloomberg..

Spreading disinformation through the media is even older technology.

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[...] Fracking is old technology [...]

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