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Posted Sun Jun 15 2014: from Chronicle-Herald:
Fracking's magic-bullet moment fading fast
I was cruising the Internet a couple of weeks ago when this headline in the Los Angeles Times made my eyes pop: "U.S. officials cut estimate of recoverable Monterey shale oil by 96 per cent." Ninety six per cent! Since the Monterey formation accounts for two-thirds of the supposed reserves available for fracking that would make the U.S. not only energy independent but a powerhouse exporter to the world, this was a big bubble bursting. Amazing that you haven't heard of it, but such is the tenacity of the world's built-in resistance to energy reality.
[Read more stories about: fracking, economic myopia, short-term thinking, tipping point]

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'Doc Michael says:
That bubble metaphor is so stale. The fracking ship came in and then left the station of the crossroads when failure was not an option. That's metaphoric flexibility. Got it?

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