29 Jun '14, 7pm

#peakoil Peak Oil Is Back!: Secret Trade Memos, TTIP And Write-down Of Two-thirds Of US Shale Oil Explodes Fra...

rockman on Sun, 29th Jun 2014 2:25 pm “According to a secret trade memo obtained by the Huffington Post, the Obama administration and the European Union are pushing ahead with efforts to “expand US fracking, offshore oil drilling and natural gas exploration”, as well as exports to the EU, under the prospective Transatlantic Trade and Investment Partnership (TTIP) agreement.” First, it wasn’t a “secret trade memo”. It was a draft of the proposed trade agreement that was leaked a couple of months ago. This is rather old non-news. The final approved memo was going to released to the public as planned. More importantly neither the US gov’t nor the EU drill and frac wells in the US nor drill offshore wells. The oil patch does and as the article itself points out we’re doing it big time despite their belief that “Despite the mounting evidence that…the shale gas boom is heading f...

Full article: http://peakoil.com/publicpolicy/peak-oil-is-back

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