The facts, according to the Keiser Report,now indicate that - TopicsExpress



          

The facts, according to the Keiser Report,now indicate that fracking in both the UK and US is not economical. The Keiser Report calls it a hoax; the dot-com of our current age. Shale production is drying up, not to mention the cancer risk that is left behind after the drilling plays out . The problem with the economics centers around the flush production( initial production) which declines geometrically instead of a tapering decline which typifies the conventional drilling process Estimates indicate the fracking production will fall apart by 2018. This raises some interesting questions about the future viability of natural gas in the US . Also, will Saudi- America grow into a two class a two class system( like Saudi Arabia) without the Reserve base we are being told exists in the US. And lastly, will the ban to export crude oil be slowly lifted because we dont have the refining capacity to significantly increase upstream exports to Europe who is now dependent on Russia for 38% of their energy needs.
Posted on: Wed, 20 Aug 2014 05:23:38 +0000

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