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Oil and gas from the fracking of U.S. shale will end OPEC’s dominance

After years of dismissing U.S. energy production as insignificant and expensive, OPEC suddenly said it would “study” the growth in hydraulic fracturing and horizontal drilling, a deceptively bland response to the biggest challenge the cartel has ever faced on its monopoly.

African nations sounded the sharpest warnings because they have been the first to see the impact of our fracking revolution on their exports, which fell 41% in 2012 from 2011. Not a single one of these oil cartel members, nor any country with a state-owned oil company, faces a bright future as U.S. fracking goes on.

What all this shows is that the private sector, operating in a free society, sensitive to consumer demand and innovating a solution, is an even more powerful engine for upending a corrupt global monopoly status quo than even U.S. military might. All signs show that fracking is ending the power of these cartel states.

FrackingTheDeathKnellOfOPEC 05June2013

Development of Shale Gas Resources Could Boost New York Economy

According to the Manhattan Institute’s report, the fracking moratorium is blocking New York counties from seeing a potential $8 billion in added income over four years. The report zeroes in on 28 New York counties that sit above the Marcellus and compares jobs and income growth in 50 Pennsylvania counties that produce gas.

ShaleEconomicBenefitNewYork 08May2013

Development of New York’s Shale Resources Would Stimulate Economic Growth

According to the Manhattan Institute’s report, the fracking moratorium is blocking New York counties from seeing a potential $8 billion in added income over four years. The report zeroes in on 28 New York counties that sit above the Marcellus and compares jobs and income growth in 50 Pennsylvania counties that produce gas.

ShaleEconomicBenefitNewYork 08May2013

Texas Tea Blog by Rich Stoisits

Texas Tea Blog by Rich Stoisits - Energy in TexasRich Stoisits is the Kingwood TEA Party’s “Energy Guy!” I hope you read his posts and learn as much as I do!

Development of California’s Oil Shale Can Solve It’s Economic Problems

A recent study by the University of Southern California forecast that the Monterey Shale could yield 2.8 million jobs and $24.6 billion in state and local taxes by 2020 — enough to lift the state’s economy out of malaise.

California Oil Boom 21March 2013