When the industry uses the phrase "energy security," it is suggesting that the reserves will be used domestically. But to the contrary, much of these reserves have been slated for foreign consumption. As of October 26, 2012, there have been 19 proposals to sell gas in foreign markets. Some of these include Royal Dutch Shell, BP, BG Group, and Statoil. These proposals alone could reach over 40 percent of U.S. gas consumption levels.
"Such exports clearly belie the industry's patriotic rhetoric on U.S. energy security and energy independence, revealing profit as their true motive," the report reads. "Meanwhile, American communities would be left with the potentially costly legacy of environmental pollution in the wake of drilling and fracking."
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I have been making this point for a while. I tell my govt. classes that if they consider the rhetoric around "drill here, drill now!" and fracking to bring energy independence then they should seriously consider nationalizing the oil companies - at least all production in this country