Big Green plans to kill job growth in Texas, Colorado, Dakotas
While Big Green is busy killing jobs in energy production and manufacturing, shale oil is providing working families in Texas, the Dakotas and Colorado with good-paying jobs.
And where capitalism is working, Big Green isn’t far behind with a plan to shut it down. Armed with a faked documentary, Big Green activists are spreading misinformation about “fracking” intended to terrorize residents into opposing economic development.
ATP is committed to protecting these families from the devastating agenda of Big Green elites.
The Wall Street Journal reports:
KARNES CITY, Texas—A surge in oil drilling is transforming this rural south Texas community—and with it, American energy production.
Drawn by high oil prices and new technologies that make it possible to extract oil from the dense rock that lies beneath much of the region, major energy players are raining cash on the county and its residents.
A similar wave is beginning to visit parts of North Dakota, Colorado and west Texas. The surge in onshore oil exploration is helping reverse the decades-long decline of domestic oil production, which increased slightly in 2009 for the first time in more than 20 years…
…The shale boom won’t begin to end American dependence on imported oil, but industry experts say it is driving a significant and potentially enduring shift in the way oil is produced domestically.
“It’s a game-changer for U.S. oil production,” said Bill Durbin, head of global markets research at Wood Mackenzie. “The U.S. has always been perceived to be a very mature oil province with relatively little prospect for growth. Now we’re seeing the declines in production being arrested by the increase in unconventional oil.”…
…”Oil & Gas Boom!” reads a flyer advertising an estate-planning session, taped to the door of the county courthouse in Karnes City. The message is apparently intended for people like Paul Bordovsky, a retired druggist who netted a sum “well into the six figures” after a well on his 642-acre ranch produced nearly 34,000 barrels of oil in its first 40 days before it was temporarily capped—far more than he ever made raising purebred Charolais.
The courthouse itself teems with scores of industry hands researching land titles. Their arrival—along with rig workers—is swelling demand for lodging. Telia Diaz, the enterprising owner of the “New Wave” hair salon in town, converted an empty lot into an RV Park three months ago. The campers now provide more income than her salon clients, Ms. Diaz said, and she is planning to open a second park.
Nationally, the balance between oil and gas exploration onshore has tilted heavily toward oil. The number of oil-seeking rigs has nearly tripled since June 2009, and now makes up 42% of all rigs in use, a prevalence not seen since 1997, according to data compiled by oilfield-services company Baker Hughes Inc.
Among states, Texas has seen the greatest increase of rigs in the past year, adding 300, a 73% increase. North Dakota added 83 rigs in the last year, Oklahoma gained 71, and Colorado picked up 30. Analysts at IHS Cambridge Energy Research Associates have identified 20 significant shale prospects across North America…
…To be sure, natural-gas drilling in shale formations has increasingly drawn opposition from some environmental groups, who fear the process will pollute the air and contaminate drinking-water supplies—and that backlash could extend to shale-oil drilling. If state or federal regulators crack down on drilling operations, it could drive up costs for companies.
But here in south Texas, there has been little opposition, and the unexpected rise in economic activity has been welcomed.
Mr. Bordovsky, for one, couldn’t be happier with ConocoPhillips, the company that drilled the well on his ranch. “They’ve been very, very super-good to me.”
Read more at http://online.wsj.com/article/SB10001424052748704865704575610734039395358.html.
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American Tradition Partnership (ATP) is a no-compromise grassroots organization dedicated to fighting the radical environmentalist agenda. We support responsible development of natural resources and rational land use and management policies. Only together can we protect access, private property rights, and affordable energy for all Americans!