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by adventured
3599 days ago
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Nobody is pretending that the concept of fracking didn't exist prior to the 1990s. That's a straw-man you set up and knocked down on your own. What changed is the process for fracking was made drastically more economical. Further, we had no idea exactly where the largest shale oil deposits were in 1950; over 3/4 of the currently known major Texas oil deposits were still unknown as of that date, to say nothing of the fact that our understanding of how much shale oil there was in the US, was next to non-existent. Even just 20 years ago our understanding of that was horrible. The Bakken as one example was only briefly described in 1953, and wasn't taken seriously for decades because so little was known about the reserves there. The cost of using fracking to extract a barrel of oil has dropped by over 90% in 15 years. The cost in 1950 would have been so astronomical as to be silly. It's like pretending deep ocean drilling would have been viable in 1900, just because they had theories about how to do it. |
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Your speculations about the future seem logical, but they are speculations nonetheless.
>Nobody is pretending that the concept of fracking didn't exist prior to the 1990s.
I do not think that is a fair statement. I'm a radio jukie (mostly NPR, but non-profit radio, in general). I certainly get the idea from these sources that fracing is something new. My father was fracing wells in Saudi Arabia in the '60s and my grandfather was drilling wells in OK in the 20s, so I have some background, FWIW.