Do you remember back in 2006 or so when oil and gas prices were rising and the mainstream media was talking about the reality of peak oil and how production wasn’t keeping up with demand? Then in 2008 there were those brutal highs of $140 per barrel of crude and the the world economy started to shut down.
Since food is basically oil, the prices of food skyrocketed too. Costco was limiting panic buyers to only 3 sacks of rice per family. Low priced rural properties flooded the market as long commutes suddenly became too expensive.
Banks and financial markets teetered and the talking heads started discussing the real possibility that your credit card might not work anymore.
Preppers were nervously wondering if it was time to load up the family and head to the bug out location.
And then suddenly we were being told about this new technology of fracking and shale oil. And because of this new discoveries, America supposedly has over 100 years of fuel.
The price of crude dropped back somewhat to the current range near $100 per barrel and everyone has relaxed.
But where did that 100 years of fuel suddenly come from? Sure enough production levels in the US have come up somewhat, but are they as substantial as the industry claims? And at what cost?
I’ve lined up an interview with Richard Heinberg, author of “Snake Oil: How Fracking’s False Promise Of Plenty Imperils Our future”. It’s a thin book which tries to avoid hype and only focus on actual, measurable data. The book sheds some very interesting light on the huge claims being made by the oil industry. You can pick up a copy of the book at Amazon here http://astore.amazon.com/wwwbackyardfo-20?_encoding=UTF8&node=10
As with all of the in-depth interviews I conduct, I would love to get your input. Have you or your community been impacted by fracking activities? What questions do you have for Richard? Put your comments down below!
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