Framing the Dialogue

Posts Tagged ‘shale’

Parsimony – You Didn’t Drill That

Yet again an Associated Press story is the muse of a Parsimony post. I don’t seek out AP stories, but it often seems like their reporting often shows the bias of the mainstream media. This article is just in time for the 2012 election cycle and puppets Obama’s misspeak (by misspeak I of course he blurted out what he really believes) regarding government’s role in funding private business. By the way this was a front page article in my local “conservative” newspaper.

First the headline (with a link to the original story)…

Federal Dollars Fueled Natural Gas Boom

…Now the story with my bold comments:

It’ll Help Seniors

There once was a story about a Gov. named Ed, poor Philadelphia man, mostly kept his state in red, then one day he was spendin’ out his a#%, and out from the ground game a hissin gas…Marcellus that is, natural gas, Pennsylvania cash…

If it helps that introduction sort of goes with the Beverly Hillbillies theme song [a show on TV Land for those of you under forty]. 

Jumping Jack Flash It’s A Ga$ Ga$ Ga$

Those living in Western Pennsylvania have been the object of a blitzkrieg of advertising about gas.  More specifically a very deep natural gas pocket found in the Marcellus Shale Formation.  Some estimates put the volume of gas in the formation at 500 TRILLION cubic feet which has fostered a great deal of interest in drilling this formation which is concentrated in the West Virginia-Pennsylvania-New York areas.  West Virginia and Pennsylvania seem to have the greatest potential.  Capture of this gas found in very deep geologic formations is not without significant costs and risks to both the drillers and the environment.  I would rather focus on the financial part, but did not want to overlook this issue.