Natural Gas on Clusterf**k Nation
James Howard Kustler just posted about this on his great blog Clusterf**k Nation:
… Mr. Obama keeps telling nationwide audiences that “we have a supply of natural gas that can last America nearly 100 years.” That is just not true. If he believes it then he is either 1) getting treasonously bad advice from dishonest advisors or 2) not reading reports issued by his own agencies or 3) just making shit up. This was the same week, by the way, when the US Department of Energy dropped its estimate for the Marcellus shale gas play by 66 percent, while the estimate for all US shale basins went down 42 percent. The shale gas industry is another Ponzi bubble that is about to founder on a scarcity of investment capital. Just watch.The “energy independence” trope is a lie, too. At least in the sense that Mr. Obama means – that we can run the suburban clusterfuck and all its accessories by other means than fossil fuels. He just says it because it makes voters feel better. By the time they find out it was just a story, he won’t need their votes anymore. Meanwhile, we’ll do nothing to prepare for a different way of life, and so, necessarily, the result will be an obscene scramble for power…
Although I don’t agree with Mr. Kunstler on some other things, it’s kind of hard to argue with this one. Why is Mr. Obama selling out certain areas of the country to be “sacrifice zones” for a plan that makes no sense to begin with?
It just goes to show that presidents who are (much) better then the competition have some of their own glaring faults.
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