SEC mis-regulates again. Fracking witch hunt is federalized. #SEC #fracking #corpgov #irchat

Seal of the U.S. Securities and Exchange Commi...

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WSJ reports that the SEC is bearing down on Fracking. The Securities and Exchange Commission which is tasked with regulating capital markets and is constantly under-staffed and under-resourced thereby allowing pirates to loot pillage and rape on Wall Street is asking oil and gas companies for detailed information about the use of “Fracking” The information is to include details about chemicals used and efforts to minimize environmental impact.

Does the SEC have a body of competent employees who can assess detailed fracking information. I think not. Why would the SEC do the work of environmental regulators? bureaucracy running rampant.

But remember this could be all part of the great Marcellus Shale conspiracy theory. By getting the wrong regulator involved in the fracking investigation you will only screw up the reports and eventually throw them away as useless.

But if you are a securities lawyer with some knowledge of fracking your market value is up big time.

Disclosure: George Gutowski writes from a caveat emptor perspective. I personally have no involvment in fracking but I do heat with natural gas. I have no positions in stocks or commodities mentioned in this post. I have no plans to initiate new positions within the next 72 hours.

Marcellus Shale Conspiracy Theory Obama is brilliant maybe? #natgas #marcellusshale #fracking

Cropped portion of image from USGS report show...

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The government scaled back their estimates of volume reserves in the Marcellus Shale. Anyone who has ever read geologist reports knows they need to be taken with a grain of salt. Proven, probable and then economically exploitable are difficult issues.

The environmentalists without regard to energy self-sufficiency concerns have cranked up the bogey man of “Fracking”. Many claims about unsafe and environmentally unsound techniques. It’s all been a war of “J’accuse” in the mean time valuable US currency flows off shore and ends up financing terrorism and anti-western sentiment.

The environmentalists were winning the propaganda war. Obama who somehow understands you have to drill needed to trick his own side. so just tone down the rhetoric and pretend the Marcellus Shale is not as important. Therefore the controversy over the Marcellus Shale is also not important. Therefore the environmentalists call off some of their attack dogs. Then the drillers sneak back in and help America become energy self-sufficient.

Drillers will create jobs and tax revenues. Pentagon costs will go down as energy self sufficiency goes up.

I just wonder if Obama is that brilliant. Something to think about.

Disclosure: George Gutowski writes from a caveat emptor perspective. I believe that leaders sometimes need to trick their followers. I have no positions in any stocks or commodities mentioned in this post. I have no plans to initiate new positions within the next 72 hours. I do heat my home with Natural Gas.