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Permalink Reply by JHH on December 22, 2012 at 3:32

Looks like the status report will lead to a study that could take 1,000 years to conclude!

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Permalink Reply by Hopeful About Natural Gas on December 23, 2012 at 9:05

it's going to take me at least a year to read 270+ pages of an EPA report, but at least the overall conclusion is positive.

thanks for the early Christmas present dbob!

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Permalink Reply by JHH on December 23, 2012 at 12:30

I read somewhere today (Sunday) the final report is due in 2014.  But the EPA has already ruled fracking pollutes ground water... at least in several states.  So, there's plenty of time to back up the EPA's first decisions... the fix is in. 

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Permalink Reply by Hopeful About Natural Gas on December 23, 2012 at 16:52

JHH, if fracking were going to be restricted then we would see the price of gas going up. It's only low because of the huge supply found by fracking.

I don't think the 'fix is in" - but we will all know when the price starts to creep up steadily and soon. It must if fracking is going to be cut back by the EPA or anyone else.

Oil prices were always my tip that peak oil was a pipe dream of paranoid groups. If we were running out of oil the price would have gone up a lot more. Our current price is mostly politics (Iran, if you recall from the summer of 2008 and their advocacy for higher prices)

Our big problem is lack of uses, not lack of supply. Obama favors exporting gas but we need more uses in transportation and electricity and whatever else someone smart can think of.

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Permalink Reply by JHH on December 24, 2012 at 12:02

H.A.N.G...(Hopeful About Natural Gas)... I agree... if the EPA rules against fracking,  prices will jump.  In the meantime, we'll see prices creep up as the politics kicked in and storage depletes.  On exporting NG... there's hope we'll see more of it... but there are some powerful folks in D.C. who are laying the groundwork to restrict export terminals.  We have only one terminal approved and now being built.  Others want in desperately.  We'll see if more permits (an arduous and expensive process) are awarded and how long it will take to get terminals built.  I fear our president will make decisions on how it will help him politically.  But I'm hopeful and i'd like to see prosperity in my lifetime!

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