{"id":6830,"date":"2015-03-26T05:34:00","date_gmt":"2015-03-26T10:34:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6830"},"modified":"2015-03-26T05:34:00","modified_gmt":"2015-03-26T10:34:00","slug":"t-boone-pickens-points-the-finger-at-u-s-shale","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6830","title":{"rendered":"T. Boone Pickens Points The Finger At U.S Shale"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Oil-Prices\/T.-Boone-Pickens-Points-The-Finger-At-U.S-Shale.html\" target=\"_blank\">T. Boone Pickens Points The Finger At U.S Shale<\/a><\/h3>\n<p>So what do you do when you believe devoutly in hydraulic fracking but also understand that too much fracking is responsible for an oil glut that\u2019s hammering the price of oil like a pile-driver?<\/p>\n<p>If you\u2019re legendary Texas oil billionaire T. Boone Pickens, you call for a time out. But you don\u2019t cloak that call trying to make excuses for the controversial oil-extraction process, which injects water and chemicals into underground rock to free fossil fuels trapped within. You simply stick to the financial facts of the case.<\/p>\n<p>That\u2019s why Pickens was speaking so positively about fracking on March 23 in Monterey, Calif., at a panel discussion hosted by the Panetta Institute, named for Leon Panetta, the former White House chief of staff, CIA director and defense secretary.<\/p>\n<p><a href=\"http:\/\/oilprice.com\/Energy\/Energy-General\/No-Surprises-Obamas-Fracking-Rules-Upset-Everyone.html\"><strong>Related:\u00a0No Surprises: Obama\u2019s Fracking Rules Upset Everyone<\/strong><\/a><\/p>\n<p>\u201cI\u2019ve fracked over a thousand wells,\u201d\u00a0<a href=\"http:\/\/www.santacruzsentinel.com\/business\/20150323\/panetta-lecture-series-t-boone-pickens-defends-fracking-in-monterey-talk\">said Pickens<\/a>, chairman of BP Capital Management. \u201cI\u2019ve never had a failure on one of them. \u2026 Texas, Oklahoma lead in fracking wells and it has been a great success for both those states.\u201d<\/p>\n<p>There was pushback, though, from Steven Chu, President Obama\u2019s former energy secretary, and Carol Browner, who ran the Environmental Protection Agency (EPA) under President Bill Clinton and was Obama\u2019s director of energy and climate change policy.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T. Boone Pickens Points The Finger At U.S Shale So what do you do when you believe devoutly in hydraulic fracking but also understand that too much fracking is responsible for an oil glut that\u2019s hammering the price of oil like a pile-driver? If you\u2019re legendary Texas oil billionaire T. Boone Pickens, you call for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[1519,4434,589,1775,595,596,2122],"class_list":["post-6830","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-fracking-boom","tag-hydraulic-fracuturing","tag-oil-demand","tag-oil-price-collapse","tag-oil-production","tag-oil-supply","tag-t-boone-pickens"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6830"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6830\/revisions"}],"predecessor-version":[{"id":6831,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6830\/revisions\/6831"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}