Harold Hamm: President Obama’s State of the Union Missing Key Part in Energy Exploration

On January 27, 2012 — No comments

In President Obama’s State of the Union Address, he announced his support for hydraulic fracturing or “fracking” for natural gas. Obama said this form of energy development could create 600,000 jobs.

Noting fracking could unearth and capture nearly a one hundred year of supply of natural gas for the country, Obama said his administration would take every possible action to safely make this supply of natural gas become a reality.

But according to Harold Hamm, CEO of Continental Resources (CLR), who is known as “America’s Richest Oil Man,” an important part of the fracking puzzle was missing from that part of the speech- fracking for oil.

“Fracking technology for natural gas and oil is the same,” explained Hamm. “You use water and sand to create fractures—a small pocket in either the shale or tight rock to create the ability for fluid to flow through it. The advances we have been seeing over the years is in horizontal drilling and drilling in stages.”

Independent oil producers make up 94 percent of the oil wells in the United States. Mike Cantrell President of DEPA (Domestic Energy Producers Alliance) and an oil man himself for forty years said the President’s “political correctness” touting natural gas is just a wish fantasy that the United States will stop using oil.

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