

Fracking is only about the almighty dollar

May 13, 2012
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There are three sides to fracking: creation of jobs, danger to the water tables and another side no one seems to be discussing.

How will this help the citizens of Ohio with the costs of natural gas, fuel oil and gasoline? Everyone seems to believe that it will lower the costs of all of these by having the oil and gas removed from the shale base in our state, and it would if we were the ones that would receive the product.

Companies have been purchasing leases from land owners across Ohio, but what are they doing with them? Wyoming is currently being fracked and producing great amounts, but instead of benefiting Americans, a pipeline is being built to Oregon to then ship it to the Asian market, where it can be sold for three times the price. The American company prospers, but the American people suffer with continued high prices.

Over $2 billion of foreign money already owns a huge share of these fracking leases in Ohio. How? The first company purchases the lease, then resells it for a huge profit. How will this help our people with the price of gas?

"Drill, Baby, Drill" doesn't benefit us if we sell the rights or product to other countries. How better to help most individuals today than to lower the price of gasoline? The huge oil spill in the Gulf last year wasn't an American company. So why sell drilling permits to foreign countries when we continue to suffer?

Right now there are two oil companies -- hard to tell who owns them -- are contemplating shutting down three refineries on the East Coast. With gas at almost $4 a gallon we know what happens when refineries don't produce. So it is very easy to manipulate prices. The lease contracts across this nation should contain clauses of protection for reselling them to foreign countries, or the government should protect us from this happening. It doesn't take a genius to see we are being sold out for the almighty dollar.

Maybe I will see you at the gas pump.

Ron Davis


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