Snake Oil: How Fracking's False Promise Of Plenty Imperils Our Future
We re being told that thanks to technological advances like hydraulic fracturing and horizontal drilling the US is undergoing an energy revolution, leading us in a few short years to become once again the world's biggest oil producer and an exporter of natural gas. According to the Oil & Gas Industry and their proponents, fracking will provide the US with energy security, low energy prices for the foreseeable future, more than a million jobs, and economic growth. And they tell us that we can frack our way to independence without hurting the environment.
This is beyond absurd. The energy abundance of the so-called Shale Revolution will be short-lived, while the environmental, economic and societal costs of this drilling frenzy will last for generations.
Help us expose these lies and turn the tide in the ultimate fight against greed by pre-ordering and participating in the writing and editing of Richard Heinberg's next book, SNAKE OIL! How Big Energy's Promise of Plenty Imperils Our Future.
WHAT S IN THE BOOK:
In SNAKE OIL! Richard will directly confront the widespread hype about fracking and America's potential to become energy independent. This hype has infected environmental organizations as well as the mainstream media, so one chapter will attempt to disentangle thinking about climate change and peak oil.
Another chapter will dissect the relationship between fracking and Wall Street, showing that shale is the latest financial bubble being blown by the big investment banks. We ll also see why other unconventional sources of oil and gas are unlikely to change the overall trend of fossil fuel decline that will characterize the remainder of the current century.
In many respects, this book is an update of the peak oil story for the post-fracking era. It focuses, more than any of Richard's previous books, on the culpability of the oil industry for actively discouraging awareness and action on climate change and peak oil (hence the title).