Ray 12961929
Ray From Cleveland said:
Correct, nobody would make that claim NOW. But a few years ago? Of course some made that claim. It was reasonable too. $6.00 per gallon was what, only $2.50 away from the going price back then?
So RW'ers didn't know in 2012 through 2013 that fracking technology "advanced quickly"
In 2003? Yet this was stated in a published
Report about fracking December 2012 by Michael MacRae, ASME.org.
"Fracking’s new golden age began in 2003, as oil and gas producers began to explore the nation’s massive shale formations in earnest.
Today companies are extracting more oil and gas from the Bakken than they can ship." Dec 2012. Read more below.
So according to you, conservatives are truly ignorant of fracking facts but don't care one whit to make fake predictions based solely on their self-induced ignorance and of course hatred of Obama.
Non-explosive fracking (Hydrafrac patented by Halliburton in 1949) began in earnest producing successful wells in the mid-1950s. But you wrote below That "
Nobody knew that the technology would advance so quickly."
Ray 12958417
Without the expansion of fracking, yes, gasoline might be close to $6.00 per gallon today. Nobody knew that the technology would advance so quickly.
That is a ridiculous, baseless statement. Big oil companies in the US were already extracting more oil and gas from the Bakken than they could ship. Since you also now say and I have agreed that it was fracking technology that has contributed (you claim 'all' but I and most experts would say 'in part') to the reduction in US gasoline prices, the claim that the rapid advance of fracking was not known by political hacks forecasting $6 a gal gas is an outright reduculously invalid argument.
.
Commercial Fracking Explodes
According to a 2010 fracking history by the
Society of Petroleum Engineers (SPE), the idea of non-explosive alternatives to nitroglycerin took root in the 1930s. Experiments through the next decade paved the way for the first industrial-scale commercial uses of the modern patented “Hydrafrac” process in1949, with Halliburton holding an exclusive license in the early years. SPE recounts that 332 wells were fracked in the first year alone, with up to 75 percent production increases recorded. By the mid-1950s, fracking hit a pace of about 3,000 wells a month.
A typical early fracture took 750 gallons of fluid (water, gelled crude oil, or gelled kerosene) and 400 lbm of sand. By contrast, modern methods can use up to 8 million gallons of water and 75,000 to 320,000 pounds of sand. Fracking fluids can take the form of foams, gels, or slickwater combinations and often include benzene, hydrochloric acid, friction reducers, guar gum, biocides, and diesel fuel. Likewise, the hydraulic horsepower (hhp) needed to pump fracking material has risen from an average of about 75 hhp in the early days to an average of more than 1,500 hhp today, with big jobs requiring more than 10,000 hhp.
Fracking: A Look Back
And the fracking explosion in technology basically occurred due to market and external forces such as the invasion of Iraq that first rapidly helped drive $40 oil prices to well above $100/barrel .
Iraq invasion was 2003 - ""Fracking’s new golden age began in 2003"
So your double-speak remains. RW'ers didn't know about the rapid boom in fracking but they knew so much about oil markets that they could predict a $3 increase in a gallon of gas that would all be solely on the basis of Obama contriving in the White House to overwhelm fracking so much to drive the price of gas up so high it would destroy the economy during a second term. It's hogwash that you are committing to writing here.