Energy independence, can we attain it? More or less. Practically speaking we can reach something close to it. And our portion of independence is lessening as each day passes, as each energy producer drills for oil and gas. But why now do we think energy can spread its arms in creating wider independence? Shale. Shale is a rock formation that extends from New York State to Maryland—usable by pressuring sand and chemicals to extract oil and natural gas—deep beneath the ground. Shale is giving thousands of workers jobs through the extraction process.
New technologies in geology make it worthwhile for energy companies to look into shale and to produce oil and gas from the coveted rock. No longer is shale drilling a too-expensive business project. Shale drilling has become the optimal business project for oil companies. The rock formation is so useful and abundant that energy producers themselves and even scientists believe the U.S. will surpass the Middle East in drilling for crude.
According to an article by Kevin G. Hall at the Detroit Free Press, “Geologists think the Marcellus Shale formation contains the second-largest natural gas deposits in the world, behind only Iran’s South Pars-North Dome gas field in the Persian Gulf.” If this is a testament to the agreement right now in the Energy Industry, the prospect of energy independence looks good. We can all celebrate for the years to come, that is, if the EPA doesn’t halt the business of shale. EPA agents touted the contamination of the drinking water supply in Wyoming due to chemicals that were used in a shale fracking project.
This EPA report became much clearer, however, when a journalist of the Wall Street Journal evaluated it: “What it doesn’t say is that the U.S. Geological Survey has detected organic chemicals in the well water in Pavillion (population 175) for at least 50 years—long before fracking was employed.”
EPA agents still lurk behind the hills, beyond shale formations, in the distance.
Only if the energy companies can withstand EPA’s wrath against fracking we will see a surge in our economy and reap all the rewards of lessening our energy dependence on the Middle East:
Cheaper gas prices. More Jobs. Economic Freedom. That’s what energy producers want to create, for all of us, we demand it as their customers, as actors in the market. Only, they’re stopped, intermittently and their purposes become unclear due to scathing EPA claims, like the Wyoming report.