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+--- Thread: What is the end goal of fracking? (/thread-14485.html)
What is the end goal of fracking? - Martin White - 05-02-2016
That might sound like a silly question, but bear with me.
To engage in hydraulic fracturing, my understanding is that there has to be preliminary surveys, then construct the actual pad, drill down into the shale, and THEN the well is only economically viable for 1-3 years, AND the price of the gas is volatile so a profit is by no means assured. And that's even before you cost in the so-called regulatory controls to ensure that (supposedly) no damage occurs to the environment.
So - what is the end goal of the people doing this? This is pure conjecture on my part, but what if the extraction of shale gas was a loss-leader, and the actual long term goal was to cause widespread pollution of aquifers? This would then mean that usable water was no longer widely and naturally available via wells, and you could then control the access to drinkable water, and the price of it.
There have been so many "mistakes" and "accidents" in the fracking industry that with the economics in the balance to begin with, after all these "mistakes" you'd think that any profit was wiped out.
Put this theory in the context of the mass water-grabs by large corporations, and the mass pollution of water supplies as seen in Flint MI as well as other places.
It's plainly apparent that the protection of the population's water supply is nowhere near the top of the priorities of the Governments of the US and UK.
What is the end goal of fracking? - Magda Hassan - 06-02-2016
Martin, it would not surprise me in the least. And can certainly be read that way. I knew a man many years ago and his goal was to move in to selling water. He saw that as the commodity to invest in because there is no limit to what he could ask price wise (that is no limit to how rich he could get). He was a major dug dealer at the time and unsatisfied with the huge returns on that. The fact that there are people who have no qualms about exploiting access to a basic life supporting necessity is disgusting but a reality. Psychopaths love the power but they should be nowhere near it.
What is the end goal of fracking? - David Guyatt - 06-02-2016
Magda Hassan Wrote:Martin, it would not surprise me in the least. And can certainly be read that way. I knew a man many years ago and his goal was to move in to selling water. He saw that as the commodity to invest in because there is no limit to what he could ask price wise (that is no limit to how rich he could get). He was a major dug dealer at the time and unsatisfied with the huge returns on that. The fact that there are people who have no qualms about exploiting access to a basic life supporting necessity is disgusting but a reality. Psychopaths love the power but they should be nowhere near it.
Agreed. Or should I say "a greed"? In the future water is predicted to be the most stunning asset rendering vast fortunes as the liquid of life lessens and becomes a much sought after resource. Something as essential to the maintenance of life as that should be managed for the good of all, and not become a resource for the uber wealthy to control.
What is the end goal of fracking? - Tracy Riddle - 06-02-2016
Water purification will become a huge, profitable industry. Almost any kind of pollution can be cleaned up with the right technology (Nature does it with water in her own way). Desalinizing sea water is a big thing too; expensive and energy-intensive. I agree that fracking seems like a monumentally stupid thing to do, short-sighted and for little profit. But maybe they are using it as a way for TPTB to come in and seize control of all water so they can "protect" it for us.
What is the end goal of fracking? - Lauren Johnson - 06-02-2016
Tracy Riddle Wrote:Water purification will become a huge, profitable industry. Almost any kind of pollution can be cleaned up with the right technology (Nature does it with water in her own way). Desalinizing sea water is a big thing too; expensive and energy-intensive. I agree that fracking seems like a monumentally stupid thing to do, short-sighted and for little profit. But maybe they are using it as a way for TPTB to come in and seize control of all water so they can "protect" it for us.
The dominant business model is make money breaking something and then to make money fixing it -- endlessly.
What is the end goal of fracking? - Martin White - 08-02-2016
I've recently started following Erin Brockovich on FB and the amount of systemic water problems in the US right now is a scandal of global proportions.