The extraction of fossil fuels by the new oil mining technology known as shale fracking or hydraulic fracturing is polluting, expensive, and of short duration. It is driven by hype, debt, and "quantitative easing". It is a desperate attempt to satisfy the voracious appetite of the beast known as capitalism.
Even the US Government’s EIA projects that US oil output will peak at 9.61 million barrels a day in 2019. They see tight-oil or shale oil topping at 4.8 million barrels in 2021. That’s only seven years out. And if the US Government is trying to fast-track approval of LNG gas export terminals on coastal ports to allow US gas companies to export their gas, completion of such complex terminals including environmental impact approvals typically takes seven years. Hmmmm.