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View Diary: Drill Baby Drill! The Fracking Bubble is Bursting! (135 comments)

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  •  Are there enough new places to drill (1+ / 0-)
    Recommended by:
    pollwatcher

    to make this a cyclical pattern, or did we just experience a one-off?

    Happy little moron, Lucky little man.
    I wish I was a moron, MY GOD, Perhaps I am!
    —Spike Milligan

    by polecat on Wed Aug 15, 2012 at 09:16:19 AM PDT

    [ Parent ]

    •  There's plenty of places, but not as profitable (1+ / 0-)
      Recommended by:
      polecat

      Unfortunately, they can keep doing this for awhile, but investors are going to be a lot less likely to invest in something that isn't going to return the money they were told it would.

      In the mean time, solar and wind just keep getting cheaper.  Since solar and wind can be competitive with NG after the bust, my hope is the economics will turn against fracking.

      •  For solar and wind to be really useful, battery (1+ / 0-)
        Recommended by:
        PrahaPartizan

        tech would be the investment to make.  Grid scale power.

        Useful for fossil fuel types as well -- generate power when it's colder and more efficient.  Heck, that even applies to nuclear.

        Happy little moron, Lucky little man.
        I wish I was a moron, MY GOD, Perhaps I am!
        —Spike Milligan

        by polecat on Wed Aug 15, 2012 at 10:36:54 AM PDT

        [ Parent ]

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