Naked Science Forum
General Discussion & Feedback => Just Chat! => Topic started by: McQueen on 31/03/2016 15:15:48
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Petrol prices are at an all time low. Recently I was discussing the low petrol prices that we were experiencing, with my son. I expressed the opinion that this was just a temporary trend and that petrol prices would soon reach an all time high, as has happened so many times in the past, a low in prices and then a high. I was therefore surprised when my son suggested that this was a trend that was not going to reverse and that low petrol prices would continue to be a feature of the market. On considering this, I suddenly realised that he was probably right, the reason for the low petrol prices being the trillions of tons of natural gas that were being retrieved in the US, this was something that was not going to change any time soon. Unfortunately, side by side with this vision of an unexpected bounty in the form of low petrol prices was a vision of God's own country, devastated by fracking; the underground water systems of some of the most beautiful and fertile lands on earth, being exhausted because of the millions of cubic tonnes of fresh water involved in the fracking process, and the rest of the unused water being polluted for untold millions of years, by the deadly chemicals used in fracking that are pumped back into the earth.
Is it really worth it ? Is there no other way ?
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Petrol prices are at an all time low. Recently I was discussing the low petrol prices that we were experiencing, with my son. I expressed the opinion that this was just a temporary trend and that petrol prices would soon reach an all time high, as has happened so many times in the past, a low in prices and then a high. I was therefore surprised when my son suggested that this was a trend that was not going to reverse and that low petrol prices would continue to be a feature of the market. On considering this, I suddenly realised that he was probably right, the reason for the low petrol prices being the trillions of tons of natural gas that were being retrieved in the US, this was something that was not going to change any time soon. Unfortunately, side by side with this vision of an unexpected bounty in the form of low petrol prices was a vision of God's own country, devastated by fracking; the underground water systems of some of the most beautiful and fertile lands on earth, being exhausted because of the millions of cubic tonnes of fresh water involved in the fracking process, and the rest of the unused water being polluted for untold millions of years, by the deadly chemicals used in fracking that are pumped back into the earth.
Is it really worth it ? Is there no other way ?
Well fracking is actually not ecconomically viable, it costs far more to get the oil then they can get back from selling it; unless the oil price goes to something like 110 to 120 dollars a barrel Frackers will always lose money. The low prices today are actually making the losses even greater. As for why we have low prices it's really a tacktic to try and get the ecconomy going, massive credit injections from the bankers, really low oil price, and negative interest rates that seek to reduce the massive debts or atleast stop them exploding, is all about trying to push the ecconomy forward and it's really not working.
There are terrible fundamentals, it's jobs, manufacturing, inivation that we need and as the conglomerates are eliminating compertician and wealth is all being sucked up by the top 10% the dynamics are all off, the big boys have taken all the wealth, bankrupted the system to do so and are now doing everything they can to keep the status quo going. A status quo that's built on fantasy more then reality when you see the difference the between the electronic world and the real one. "Wages are lost profits"
Fracking is never really going to be a profitable business, as oil prices rise more fracking opperations will come on line and thus reduce the price as more oil enters the market- the idea as I see it is to combate peek oil price escalation. It's an insanity when you consider the terrible state of the enviroment.
There are pleanty of other ways. but big oil/ big energy has a monopoly, and they do not want to give it up. They'll only accept solutions that assist and help them keep their position. Same goes for banking and other corporate interests. There is no lack of solutions, but those in power are not interested in solutions they cant benefit from.
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Thousands Of Leaked Emails Unveil Corruption And Bribes Within The U.S. Oil Industry
http://www.iflscience.com/environment/thousands-leaked-emails-unveil-corruption-and-bribes-within-us-oil-industry