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Thursday, January 10, 2013

One Flew Over the Cuckoo's Nest

One Flew Over the Cuckoo's NestEnergy charts of the day

Read this from the above linked article:

The Bakken development in North Dakota should be an example for the nation, indicating what could be accomplished with the right energy policies to decrease unemployment, raise government revenues, increase per capita income, decrease poverty, and help produce the nation’s major energy source.
So far, the hydraulic fracturing revolution that has created these positive economic developments is largely confined to production on private and state lands, due to governmental policies reducing opportunities on federal lands and a punitive federal regulatory environment. Even though there are massive shale oil and oil shale resources on federal lands, federal policies are choking off any production increases. Here’s one illustrious example: it takes the federal government 307 days to process a permit to drill, but it only takes North Dakota 10 days (see chart below).
And then it leads us to extinction at an increasingly more rapid rate, so we will not have to worry about having the right energy policies ever again. Ever.

Define insanity?

Dr Peter G Kinesa
January 9, 2013 

"Guys,  I call it a Hydraulic  Fracturing Revolution...."

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