Anasazi Ruins, Canyon de Chelly, Arizona

Friday, December 6, 2019

Banning fracking the US will not save the world. It will simplify export the problem to other countries

Assume fracking is miraculously banned in the US by Sanders or Warren or some other
Democrat elected President in 2020.

The technology already exists and is well understood in the petroleum industry both in the US and overseas.

That technological knowledge cannot be erased by any President.

Existing petroleum exploration companies and the governments of other countries will respond to the higher prices caused by a ban in the US by ramping up exploration by fracking. Countries environmental protection laws weaker than in the US.

Countries such as Algeria and Indonesia which have large potential reserves. China certainly which already developing its own fracking industry. Argentina which has large resources and is already producing ..

Maybe even Mexico, which has large deposits in northern Mexico which have the same geology as the Eagle Shale deposits in Texas.  Right now fracking is banned in Mexico, but given a significant price rise in natural gas and the sudden end to the supply it now imports from the US..

https://www.eia.gov/analysis/studies/worldshalegas/

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