cost of fracking

This song contains photos from protests in multiple US states as well as some from Europe. The footage is very impressive. Music is a great way to communicate, so send this round if you want to help resist the technology that is fracking democracy as well as razing entire landscapes. Fracking costs more than it is worth in terms of production as well, according to Bloomberg. See inside.

Bloomberg: Cost of fracking in the US greatly exceeds returns

On 25 October 2013 in "EIA should provide data on cost of North American shale gas exploitation to make balanced reports," I asked EIA spokesman, Dr Fawsi, to tell me what the cost of production in fracking was. He said the EIA had the information but would not release it. However Bloomberg obtained the relevant information and published it in February under the headline: Bloomberg"Dream of US Oil independence slams against shale costs."

"Just a few of the roadblocks: Independent producers will spend $1.50 drilling this year for every dollar they get back." And, "Shale output drops faster than production from conventional methods. It will take 2,500 new wells a year just to sustain output of 1 million barrels a day in North Dakota's Bakken shale, according to the Paris-based International Energy Agency. Iraq could do the same with 60."