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Texas Sharon's Bluedaze

Fracking News

Foreign companies own US shale gas

August 7, 2011 By TXsharon

Here’s what America’s Natural Gas Association did for you today:

  • They sold us on fracking with promises of great riches, “energy independence” and “national security.”
  • Then they sold interest in our “energy independence” and “national security” to foreign companies like China, India, Norway, the UK, Japan, and South Korea.
  • Next we will have to purchase our “energy independence” and “national security” from foreign entities on the global market competing with the highest bidder

Natural gas is a PIPE DREAM.

PIPE DREAMS: What the Gas Industry Doesn’t Want You to Know About Fracking and U.S. Energy Independence

…it seems increasingly likely that the profits from drilling America’s gas, as well as the gas itself, will flow overseas. Oil and gas companies are focusing on developing U.S. shale gas for export to fuel the growing Chinese economy, while leaving America with the economic risk from what industry insiders have called “giant Ponzi schemes” and another “Enron.”

There is only one path to energy independence and that is clean, renewable energy and conservation.

About Sharon Wilson

Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.

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