Royal Dutch Shell Plc  .com Rotating Header Image

Abundant Oil Again?

by Bruce Fisher

Anti-frackers have reason to despair. The New York Times recently editorialized that hydraulic fracturing of deep strata to release their hydrocarbons is “safe.” President Barack Obama looks upon the massive exploitation of shale-trapped fossil fuels as a major national opportunity. And now a new report from a Harvard-based researcher finds that hydraulic fracturing is a key reason why everything that “peak oil” theorists have been saying about the planet running low on oil is absolutely, stupendously wrong.

The new report by Leonardo Maugeri, an Italian former oil executive now at Harvard’s Kennedy School of Government, says that the amount of petroleum that is available is vastly greater than ever previously understood. Soon, there will be so much more oil produced in the US that we will become the world’s second-largest producer of oil, after Saudi Arabia.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.