“America’s oil production has increased by about 30% over the last four years, as a direct result of new technological breakthroughs in drilling technologies that include hydraulic fracturing and horizontal drilling that have tapped into a bonanza of unconventional shale oil and natural gas,” writes Professor Mark Perry posting this graphic as illustration:
Meanwhile, as domestic oil production surges, oil imports have declined:
Clearly, hydraulic fracturing and the energy boom it has set off here in the United States has been inconvenient for our oil trading partners in the middle east. But I’m sure it’s just a coincidence that one of the biggest middle eastern oil interests just happens to be funding Matt Damon’s cinematic assault on fracking:
A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates. …
While left-leaning Hollywood often targets supposed environmental evildoers, Promised Landwas also produced “in association with” Image Media Abu Dhabi, a subsidiary of Abu Dhabi Media, according to the preview’s list of credits. A studio spokesperson confirmed that AD Media is financing the film. The company is wholly owned by the government of the UAE.
Matt Damon, useful idiot for middle eastern oil barons.
It’s not about environmentalism. It’s about undermining America’s domestic oil production. Which is kind of funny. The greenies hate fracking because they thought fossil fuel was dying (“peak oil” and all that) and fracking/horizontal drilling has destroyed that concept, meaning the day when we’re getting all our power from wind mills and solar panels isn’t likely to come in our lifetimes. So they’re joining with middle eastern oil interests to attack fracking, but the middle easterners know that if we stop fracking we aren’t going to turn to wind mills and solar panels.
We’re just going to buy more of their oil.