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Katherine Frisk
 
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The Run Down on Fracking

02 December 2014, 15:40

Have the Frackers got Fracked?



The Karoo. A national treasure. Loved passionately by those who have lived there for generations. An archaeological heritage site recording the earth's history going back thousands of years. And beneath this history recorded in sand and stone lies an aquifer. A water source that is the life blood of those who live there. 


This priceless jewel in South Africa's crown is being threatened by the Fracking Industry. A destructive mining practise extracting shale gas from deep underground. All around the world, from Australia to South Africa, China to Mexico, Argentina to the UK, those informed few who fully understand the devastating results from fracking have stood up and demanded that facking be banned. 


Fracking pollutes the groundwater, is a health hazard to those living in and around the area and destroys the soil resulting in depleted agriculture and animal husbandry. Farming in general, over time, becomes impossible due to the hazardous waste leaked into the groundwater and the soil. 


For a number of years now, Treasure Karoo Action Group has bravely fought to stop fracking in South Africa. They have had very little support in the media, which mostly covers what a boon fracking will be to South Africa's economy, ignoring the mounting evidence that not only is fracking a very short term destructive exercise creating far less jobs and economic growth to the area than they claim, but that  it is in fact a ponzi schemeTotally ignored is the mounting evidence of the disastrous ecological impact fracking has had in other countries around the world.  


The South Africa media are not the only guilty parties in not addressing the true nature of fracking and explaining this to the to the public. In the houses of parliament and in political party news letters, very few representatives of the people of South Africa have stood up and made a stand in the interests of saving the Karroo from this diabolical form of shale gas mining.


 If anything, contrary to the facts on the ground, those who should be standing up and exposing the truth have remained deathly silent. It seems the antics of the EFF in parliament, toy toying against Nkandla and following Oscar on the news takes up all their time. 


The real issues that we should be concerning ourselves with are hidden away in blankets of soap opera reporting there to titillate the South African public, and when these stories are not enough of a distraction the media can always turn to the tried and tested racial issues that are sure to get the blood boiling and the public's mind off what really matters.  


The same can be said for the lack of reporting on the dangers of Genetically Modified Maize and the Platinum price rigging in the markets that has cost South Africa billions in lost revenue and destroyed our mining industry. 


The real issues are ignored by the media and by political parties.Of far more interest is whether anyone watched the first episode of Generations- The Legacy. 


Unlike the GMOs and the corrupt Platinum price rigging, which as things stand at the moment are not being properly addressed, the Karoo will be saved from fracking, due to international economic warfare. 


Perhaps we should all send a thank you card to Saudi Arabia. Due to the recent decision by the Saudi's to keep pumping oil at a low price, the Fracking Industry has now got Fracked! 



From Zero HedgeThe Sellside Chimes In On The Crude Crush: "This Will Reverberate For Years"


SocGen's head of oil research Mike Wittner warns "this will reverberate for years"... (via Bloomberg)

 

OPEC decision to keep output target is "unambiguously bearish,"

 "We are entering a new era for oil prices, where the market itself will manage supply, no longer Saudi Arabia and OPEC"

 

 "It's huge,” he says by phone from New York. “This is a signal that they’re throwing in the towel. The markets have changed for many years to come"

 "The change is that it's no longer Saudi Arabia and OPEC that are going to be managing the supply side of the market. It doesn’t sound like much, but that is so fundamental, it is hard to overstate”: Wittner by phone

 

 "This will reverberate for years," adding, it will "bring on lower prices and let the market do the job of throttling U.S. shale oil growth"


I like that word. "Throttle! " And may Fracking in the Karoo be "throttled"once and for all! 


References: 


Shale Gas increasing Threat to Climate, Environment, Communities Worldwide


Methane Emissions: The Impact of Shale Gas Fracking on Climate Change


Will South Africa Allow Shale Gas “Hydraulic Fracking” in the Karoo?



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