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Tag Archives: fracking
True Believers
True Believers There is a special species of idiot at large in the financial media space who believe absolutely in the desperate and tragic public relations bullshit that this society churns out to convince itself that the techno-industrial high life can continue indefinitely, despite the mandates of reality — in particular, the fairy tales about […]
Lifting Ban On U.S. Crude Oil Export Would Enable Massive Fracking Expansion
Lifting Ban On U.S. Crude Oil Export Would Enable Massive Fracking Expansion In a recent Washington Post editorial supporting oil industry efforts to lift the existing ban on exporting crude oil produced in America, the editors stated: “The most serious objection to lifting the ban comes from environmentalists who worry that it would lower fossil fuel prices and […]
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses
Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale […]
Where In The World Is The Shale Gas Revolution?
Where In The World Is The Shale Gas Revolution? As it stands the global shale gas revolution is missing in action. To be sure, its impact in the United States – and the subsequent ripple worldwide – was nothing short of game-changing, but the wave of enthusiasm has yet to produce substantial results outside of […]
Shale Gas Reality Check
Shale Gas Reality Check In October 2014, Post Carbon Institute published the results of what likely remains the most thorough independent analysis of U.S. shale gas and tight oil production ever conducted. The process of drilling for shale gas and tight oil is known colloquially as “fracking” and has drawn a great deal of controversy—considered […]
Higher-risk ‘Shallow Fracking’ More Common than Suspected: Study
Higher-risk ‘Shallow Fracking’ More Common than Suspected: Study Lessons for BC, Alberta in new Stanford report. The fracking of oil and gas less than a mile from aquifers or the Earth’s surface now takes place across North America with few restrictions, posing increased risk for drinking water supplies, says a new Stanford study. The study examined […]
Recession, Not Fracking, Behind Drop in U.S. Carbon Dioxide Emissions, Scientists Conclude
Recession, Not Fracking, Behind Drop in U.S. Carbon Dioxide Emissions, Scientists Conclude It’s been a talking point for boosters of the shale gas rush for years: as fracking spread across the country and the supply glut drove prices down, utilities have been shuttering dirty coal plants and burning natural gas instead – meaning that America’s […]
Will the Oil Patch Bust Trigger Recession?
Will the Oil Patch Bust Trigger Recession? This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting from $100/barrel to $50/barrel kick the U.S. into recession? Longtime correspondent B.C. recently observed: The question is whether the incipient […]
It’s Happening: Debt Is Tearing up the Fracking Revolution
It’s Happening: Debt Is Tearing up the Fracking Revolution The shares of Chesapeake Energy, second largest natural-gas driller in the US, crashed nearly 10% today, to $9.29, the lowest price since August 2003, down nearly 70% since oil began to plunge a year ago. The company’s $1.1 billion of 5.75% notes fell to an all-time low […]
Fracking Industry Has Changed Earthquake Patterns in Northeast BC
Fracking Industry Has Changed Earthquake Patterns in Northeast BC Impact on groundwater and migrating gases mostly unknown, critics say. A special report. New research and presentations by both provincial and federal scientists show that the shale gas industry, which the B.C. government hopes will eventually supply proposed liquefied natural gas terminals with fracked gas, has caused […]
Dirty Energy vs. Clean Power
Dirty Energy vs. Clean Power The Past Battles the Future at Seneca Lake Let’s amend the famous line from Joni Mitchell’s “Yellow Taxi” to fit this moment in the Finger Lakes region of New York State. There, Big Energy seems determined to turn paradise, if not into a parking lot, then into a massive storage […]
BCers to Province: Stop the Senseless Water Giveaway
BCers to Province: Stop the Senseless Water Giveaway Surrey residents pay $1,630 per million litres; why not Nestle or frackers? “The province is not seeking to make a profit from water.” — BC Environment Minister Mary Polak No kidding — not at $2.25 per million litres of cold, clean B.C. water! But seriously minister, do you think […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
Energy Files: Defra report reveals extent of impacts on people living near fracking wells
Energy Files: Defra report reveals extent of impacts on people living near fracking wells People that live near fracking sites could be affected by health problems and financial hardships – and fracking might not even help climate change – a government report has revealed. The report – which was initially heavily redacted but has now been […]
