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MPs brand fracking ‘incompatible’ with UK climate targets
MPs brand fracking ‘incompatible’ with UK climate targets Fracking should be banned because it is incompatible with the UK‘s climate targets, according to the cross-party House of Commons Environmental Audit Committee (EAC). The committee’s report has been rushed out in advance of a series of parliamentary votes this afternoon on the government’s Infrastructure Bill. Ten MPs have tabled an amendment to the […]
HYPE, BROKEN PROMISES AND SHALES
HYPE, BROKEN PROMISES AND SHALES The term shale revolution has been used so much that it almost has no meaning anymore. But were shales ever really the energy panacea promised or merely a self styled hype machine? Would the frenzy in drilling ever have truly taken off if it weren’t for cheap money? These are […]
David Cameron’s constituency safe from fracking as election looms – 200 MPs are not so lucky
David Cameron’s constituency safe from fracking as election looms – 200 MPs are not so lucky Half of prime minister David Cameron’s cabinet face having their water reserves fracked under the controversial Infrastructure Bill but it remains unclear if Cameron’s own Oxfordshire constituency would also be subject to fracking. More than 220 Tory and Lib Dem MPs […]
‘Strong correlation’ between quakes and fracking in Kansas – official
‘Strong correlation’ between quakes and fracking in Kansas – official Geologists in the state of Kansas now say that a recent string of mysterious earthquakes may have been caused by pumping chemicals into the ground as part of the controversial gas and oil extraction process known as hydraulic fracturing, or fracking. Geologists in the state […]
New—and Worrisome—Contaminants Emerge From Oil and Gas Wells
New—and Worrisome—Contaminants Emerge From Oil and Gas Wells Researchers find alarming levels of ammonium and iodide in fracking wastewater released into Pennsylvania and West Virginia streams. Two hazardous chemicals never before known as oil and gas industry pollutants – ammonium and iodide – are being released into Pennsylvania and West Virginia waterways from the booming […]
A Camp Amid the Ruins
A Camp Amid the Ruins Well, the Fates were apparently listening last week. As I write this, stock markets around the world are lurching through what might just be the opening moves of the Crash of 2015, whipsawed by further plunges in the price of oil and a range of other bad economic news; amid […]
New Research Links Scores of Earthquakes to Fracking Wells Near a Fault in Ohio
New Research Links Scores of Earthquakes to Fracking Wells Near a Fault in Ohio Not long after two mild earthquakes jolted the normally steady terrain outside Youngstown, Ohio, last March, geologists quickly decided that hydraulic fracturing operations at new oil-and-gas wells in the area had set off the tremors. Now a detailed study has concluded […]
Fracking in the UK: What to Expect in 2015 | DeSmogBlog
Fracking in the UK: What to Expect in 2015 | DeSmogBlog. The current UK coalition government has overseen the greatest fossil fuel boomsince the discovery of North Sea oil, but the controversy that surrounds shale has made it an interesting factor in the run-up to this year’s general election. Here’s what to expect. More Fracking The government has shown absolutely no […]
Petroleum Truth Report: David Hughes Weighs In on The Fracking Fallacy Debate
Petroleum Truth Report: David Hughes Weighs In on The Fracking Fallacy Debate. In the current debate about the Nature article “The Fracking Fallacy,” the discussion has focused on estimates of cumulative production of shale gas plays by the Energy Information Administration (EIA) and The Bureau of Economic Geology at the University of Texas (UT/BEG). David Hughes provides another estimate in […]
The Dangerous Economics of Shale Oil | Peak Prosperity
The Dangerous Economics of Shale Oil | Peak Prosperity. For years, we’ve been warning here at PeakProsperity.com that the economics of the US ‘shale revolution’ were suspect. Namely, that they’ve only been made possible by the new era of ‘expensive’ oil (an average oil price of between $80-$100 per barrel). We’ve argued that many players in the […]
As New York Bans Fracking, Calls for Moratorium in Pennsylvania Grow Stronger | DeSmogBlog
As New York Bans Fracking, Calls for Moratorium in Pennsylvania Grow Stronger | DeSmogBlog. This week, New York Governor Cuomo announced that his state would ban fracking, due in large part to concerns about impacts on public health. But right across the border in Pennsylvania, one of the fastest-moving shale booms in the country still proceeds […]
Breaking: Fracking Permit Issued in Louisiana’s St. Tammany Parish | DeSmogBlog
Breaking: Fracking Permit Issued in Louisiana’s St. Tammany Parish | DeSmogBlog. The Louisiana Department of Natural Resources (DNR) issued a drilling permitfor Helis Oil and Gas today, bringing the company one step closer to realizing its ambition to frack in St. Tammany Parish. Public outcry against fracking in St. Tammany Parish, an area known for its pristine […]
New York fracking ban reverberates nationally | Al Jazeera America
New York fracking ban reverberates nationally | Al Jazeera America. NEW YORK — The news took even the most seasoned environmental activists by surprise: after years of review, Gov. Andrew Cuomo announced Wednesday that New York State would ban hydraulic fracturing. “I can barely contain myself,” said Nadia Steinzor, the eastern coordinator for national non-profit Earthworks. “Even […]
New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State | Zero Hedge
New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State | Zero Hedge. Having missed the entire shale boom, and with heavily-indebted shale companies now scrambling to boost liquidity or else face bankruptcy if crude prices remain at current levels, moments ago New York Governor Andrew Cuomo said Wednesday his administration would prohibit […]
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? | Wolf Street
Great Unwind of Oil-and-Gas Junk Bonds to Defund Fracking? | Wolf Street. The price of oil plunged once again off the chart on Monday and early Tuesday. At one point, West Texas Intermediate traded below $54 per barrel, though it soon bounced off. Crude is down nearly 50% since June. And over-indebted energy companies with cash flows that range […]
