Post Carbon Institute – Fracking

Here is a video of interest to us because, while it is about the economics of shale fracking, it contains a very timely and important reference to the pipelines. The purpose of this video is to provide valid information for the many activist groups who are working against fracking all over the country.

Particularly interesting are the presentation and comments of economist Deborah Rogers (from Fort Worth) that begin at 29:44 minutes.

A – The data are very good now (she talks about them in detail), we need to distribute this information into the common discussions. You can get summaries from Postcarbon Institute and the publications of Deborah Rogers and Richard Heinberg and they name two others, I missed.

B – The industry is losing money, and that is why they are so dedicated to these pipelines. Their goal now (interesting parallel to what they have been doing in underdeveloped countries) is to take out our oil and gas in the US and sell it somewhere else that will pay approx twice as much. In other words, the destruction of our world, our air, water, climate and soils is paying for the big oil companies to make profits off-shore in a time when we will run out of fossil fuels fairly soon anyhow and should be working to grow a sustainable culture that does not destroy the Life of Earth as we know it.

So get out there and carry on the pipeline fights.

Figures are also given relative to job creation (no more than is being created by the alternative energy projects) and, for example in Arkansas, the money paid for roads by the oil companies is much less than the cost of the damage they actually do. Local administrators often “don’t care about health effects” because they aren’t part of their responsibility, but the data relative to health effects are also good.

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