Report: Frickin’ Fracking Could Ruin Everything for Leftist Activists

John Ransom

2/15/2013 12:01:00 AM

 

A new report from the UK research team at Price Waterhouse and Cooper confirms what we knew all along: We’re right and they’re wrong.

Really wrong; once-in-a-lifetime, disastrously wrong if grading on the scale the rest of us are subject to.

Grading on the liberal scale, however, it’s just normal, everyday, run of the mill errors in judgment, math, worldview, physics and fluid mechanics that liberals deal with all the time in an effort to “wish” the world to Utopia while their leaders are busy creating Dystopia for all but a select few.

This latest discovery that we are right and they are wrong, shouldn’t shock us.

It joins a long list of things liberals have been pantsed on.   

For example: We were right about Obamacare all along. It won’t decrease costs, it won’t cover all Americans and it won’t preserve the private insurance market. And with due respect to Justice John Roberts and the Supremes- do-whop, do-whop- its not even constitutional.

Oh, and that’s not all we were right about.

We were right about the stimulus, we were right about jobs, we were right about Obama being a socialist of the Euro variety; we were right about Egypt, the Muslim Brotherhood, and Benghazi. 

We were right about Libya being a pretty bad idea; we were right about Dodd-Frank’s suckyness and the mortgage mess being caused by bad liberal policy; we were right about Obama wanting to raise taxes on everyone, taking guns from everyone and having contempt for the constitution.

But on this latest error, I say again: We are really right, and they are really wrong; once-in-a-lifetime, disastrously wrong.

The London branch of Price Waterhouse Cooper has released a report on shale oil and gas that has the Left afraid.

Here’s the frightening truth: “Shale oil (light tight oil) is rapidly emerging as a significant and relatively low cost new unconventional resource in the US,” writes PWC in its February, 2013 report Shale oil: the next energy revolution. “There is potential for shale oil production to spread globally over the next couple of decades. If it does, it would revolutionise global energy markets, providing greater long term energy security at lower cost for many countries.”

And of course the Left can not afford that kind of nonsense.  Jobs and economic growth? Where does it all end?

Oh, but it gets worse for the envro-whackos.

PWC estimates that if shale oil is fully developed, US Gross Domestic Product could grow an additional 2-5 percent per year, greatly reduce the influence of OPEC, lower global energy prices, and with NatGas thrown in, add at least a million jobs to manufacturing that are now just going to energy costs.

That means- I’m saying this, not PWC- that we could significantly reduce the deficit, without drastically cutting benefits for a generation of Americans who have planned to count on it. It means- I’m saying this, not PWC- we don’t have to raise taxes. Actually it means we could go to some sort of a simplified tax code, like the fair or flat tax.

Here’s what I wrote a year ago about US shale oil development in The GOP Can Add 10 Million Jobs and $15 Trillion to US Economy without Spending a Dime–kind of a prescient title if one considers the president’s SOTU message:

And along the way, the U.S. would create at least 10 million new U.S. jobs, keeping around $500 billion per year here at home. Over twenty years that would be an additional $12.5 trillion in GDP even at a modest 2 percent growth rate. At 4 percent the numbers are closer to $15.5 trillion.

PWC estimates the GDP increase to be between 2-5 percent in the US. Using today’s GDP figures that’s between $300 billion and $750 billion, with my estimate being a nice midway point in the PWC estimate.

As I have pointed out all along, the Keystone pipeline issue isn’t about the safety of a pipeline. Obama and enviro-whacko friends know that if they allow Canadian tar sands oil to be developed via the Keystone pipeline, that the US will also start to develop their own tar-sands and shale oil. The US contains well over 600 years of known reserves and that would allow the US to be a net exporter of oil. If that happens, the “green” economy ruse that the left has sponsored, already reeling from bankruptcies and cronyism, would collapse.

It would show that there is no shortage of oil and “green” energy can not compete with fossil fuels.

From the UK’s left-wing Guardian:

"Digging up and burning new reserves of fossil fuels can only exacerbate the huge negative impact on the global economy of climate change," said Doug Parr, chief scientist at Greenpeace, in an emailed statement.

"Any short term price gains for consumers will ultimately be dwarfed by the impact of rising temperatures on every aspect of economic life."

Tony Bosworth, energy campaigner at Friends of the Earth, similarly warned of the environmental problems increasing fracking could cause, adding that governments should instead focus investment on green technologies.

"We've already got more than enough fossil fuels - more than we can afford to burn if we want to avoid catastrophic climate change," he toldBusinessGreen. "The UK has a huge renewable resource and if we want [to meet climate targets] we should be investing in those."

Because, yeah, that’s really working out well. 

The website Green Corruption lists 23 bankruptcies and 29 troubled companies that took advantage of Obama’s green energy financing schemes…and counting

None of those messy jobs, or economic growth there.

Just the way liberals like it.

Yep, we can ruin that scheme.