Saturday, January 31, 2015

Amazing. The petroleum industry is toxic and radioactive so why is this industry tolerated at all?

January 28, 2015
By Earnest Scheyder

(Reuters) - North Dakota's oil industry (click here) is pushing to change the state's radioactive waste disposal laws as part of a broad effort to conserve cash as oil prices tumble.

The waste, which becomes slightly radioactive as part of the hydraulic fracturing process that churns up isotopes locked underground, must be trucked out of state. That's because rules prohibit North Dakota landfills from accepting anything but miniscule amounts of radiation.

The most common form of radioactive waste is a filter sock, a mesh tube resembling a sandbag through which fracking water is pumped before it's injected back into the earth. Tank and pipeline sludge are also radioactive.... 

These oil fields were never profitable in the first place. Texas dried up and the new technology of horizontal drilling opened up every inch of land in the world as the new profits of this horrible industry. The so called, 'savior of carbon fuel extraction' has proven to defeat it's own purpose and now the people of North Dakota is suppose to set a new standard for radioactive pollution.

The petroleum industry stated it would provide at least one hundred years of carbon based energy. The truth is once every ounce of natural gas and condensates is extracted from the USA natural resources the best estimate is 53 years and then it's over anyway. That came out in the Senate hearing on LNG exports.

What also came out in the Senate hearing on LNG exports is the fact the USA will be providing cheaper LNG to countries that outsource American jobs. Amazing. The assault on USA wage labor won't end for at least another 53 years. But, then the labor can go to work at cleaning up the toxic and radioactive mess left behind while the American taxpayers continue to subsidize the petroleum industry in hopes they will find a way to make a comeback.

This form of energy is not the future. In no way is it the future. It is not the future for the USA or other countries. We all need to move on and leave dead dinosaurs in the ground rather than waking them to cause earthquakes and liquefaction so we can join them. 

And get this. The best course forward for building LNG facilities will take at the very least 5 and a half years to even begin the foundation of the facility. So, that means there will be less than 4 decades for this industry to export. Why do this? 

The fact is the industry will never recoup the cost of the facility and will ultimately bankrupt. This is the petroleum industry. Profits at any cost, subsidies to insure the profits and bailout on the people of the USA whenever possible.  This is NOT an industry the USA should value as an employer because the fact of the matter is, it's finally feeling the pain of it's own research and reckless attempts at profiteering. There are people without jobs TODAY in the USA because of the politics of oil.

VOTES. The oil industry promises to deliver votes as well as money to politicians. This is a corrupt industry and it needs to end. And that is the truth. 

Cheney's energy committee was corrupt and it was the last chance attempt at continuing a source of energy that was over in 2005.