Trump Plans To Bailout Shale Oil Industry

More twisting of reality by Kevin.

Don't you realize, you sad little man, that absolutely no one cares about you or what you say?

A ferderal payroll tax cut wont have the desired effect. Sure people will have extra money but won't spend it if they're afraid to leave their homes. As for fracking for oil. Petroleum is used widely in healthcare from everything relating to manufacturing pharmaceuticals to plastics for medical supplies. (google it) We need oil. The question is where do we want to get it from?

The amount of petroleum used in manufacturing, pharmaceuticals, etc. is trivial compared to how much of it we distill and burn. Countries with no domestic oil production whatsoever easily manage to import enough for those industrial needs.

We don't need fracking. We have plenty of less disruptively obtainable oil supplies. The fact of the matter is that we should be importing it rather than fucking up our environment to get it, and save the more difficult to get at stuff (shale deposits, etc.) as a strategic reserve.

Also, if we finally--finally--implement wind and solar power and really adopt electric cars, we won't consume or need nearly as much petroleum--which is why, of course, the fossil fuel industry is fighting tooth and nail to spread misleading propaganda about sustainable energy. I wonder how much they paid Trump to put tariffs on solar panels.

Im glad you agree with Trump and me. We do need the shale oil for a strategic reserve. Of course we wont be able to get to it if all the companies that frack are put out of buisiness. Im also interested in where you think we can get oil that isnt fucking up the environment. What you also dont realize is how much we use oil in everyday use. It isn't trivial. Only 46% of oil is used to make gasoline the rest is used for everyday products. Look it up, Google is your friend.

Somehow, I doubt that the technology used in fracking would be lost forever if the companies that do it now went out of business. 

The water table contamination and huge water usage that comes with fracking is what economists like to call a "negative externality," which is a cost that is imposed on someone else by engaging in an economic activity. Burning coal and letting the resultant pollution waft downwind is another negative externality.

So we should concentrate on energy generation that has as few negative externalities as possible. A solar panel sitting on someone's roof imposes no burden on anyone else at all. And a wind turbine likewise doesn't interfere with anything else, except maybe giving Charlie Brown another way to lose his kite.

I didn't realize the percentage of non-gasoline production was so high, but if you include "fuels," you have to consider jet fuel, diesel, natural gas, heating oil, etc.--so I would really like to know what the non-fuel use percentage is.

Sure we will. That know-how simply doesn't disappear. Once market conditions improve (oil prices go up) new companies will begin extracting shale oil again. You must not belive in the capitalistic free-market system. 

Kevin has watched too many movies.

According to EIA 27% of oil is used in manufacturing. 

Fracking isn't like turning on a water faucet. It would take months to bring a site back on line & years to get back to the level we are at now. 

By reducing supply, prices will go up. 

There are 540,000 electric cars in the US out of 270 million

I have found no evidence that the Trump administration plans to bail out frackers.  I've read that they are considering this, however.  I would not support this.