Home » Posts tagged 'fracking' (Page 2)
Tag Archives: fracking
The US Oil and Gas Industry’s Methane Problem Is Catching up With It
The US Oil and Gas Industry’s Methane Problem Is Catching up With It For years, the oil and gas industry has been able to downplay, or outright ignore, the problem of methane. Methane is an invisible gas, and lax state and federal regulations in the U.S. have allowed oil and gas producers to self-report how much of this potent […]
How much oil left in America? Not much
How much oil left in America? Not much Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, buildings and other infrastructure need to be built, […]
North Dakota blues: The legacy of fracking
North Dakota blues: The legacy of fracking When oil drillers descended on North Dakota en masse a decade ago, state officials and residents generally welcomed them with open arms. A new form of hydraulic fracturing, or “fracking” for short, would allow an estimated 3 to 4 billion barrels of so-called shale oil to be extracted […]
Why Fracking Activity Hasn’t Increased As Oil Prices Recovered
Why Fracking Activity Hasn’t Increased As Oil Prices Recovered It’s been a long dry spell in the Permian. Shale drilling and completions activity has collapsed to levels not seen since before 2000 (as far back as records are kept). That was the year shale activity first began to pick up from essentially nil and hit […]
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region Several recent reports on the tremors add to concerns about the mega-project’s stability. An artist’s rendering of the Site C Dam upon completion, a vision of the future rattled by thousands of tremors in the region triggered by fracking. Image via BC Hydro. […]
Trump’s Golden Era of Energy Is Turning to Lead
Trump’s Golden Era of Energy Is Turning to Lead It was just over a year ago that President Trump announced, “The golden era of American energy is now underway,” saying that his policies focused on exploiting oil, gas, and coal were “unleashing energy dominance.” What a difference a year makes. On July 10, the Financial Times ran an […]
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas The bankruptcy epicenter is in Texas. The Great American Oil Bust started in mid-2014, when the price of crude-oil benchmark WTI began its long decline from over $100 a barrel to, briefly, minus -$37 a barrel […]
New Satellite Data Reveals Dangerous Methane Emissions in Permian Region
New Satellite Data Reveals Dangerous Methane Emissions in Permian Region New research based on satellite data confirms that the oil and gas industry in the Permian region of Texas and New Mexico is leaking record amounts of methane. The new research published in the journal Science Advances found that methane emissions in the Permian Basin were equivalent […]
Transition Towns, Re-localisation, COVID-19 and the Fracking Industry.
Transition Towns, Re-localisation, COVID-19 and the Fracking Industry. The vulnerabilities of the global village and its economy have been laid bare by the assault of the coronavirus (Sars-CoV-2), which has led to a pandemic of the infectious disease, COVID-19. The mobility chains that enable the flow of civilization are now substantially truncated, with collapsing demand for transportation […]
U.S. Top Shale Oil Fields Decline 10 Times Faster Than Global Oil Industry
U.S. Top Shale Oil Fields Decline 10 Times Faster Than Global Oil Industry The Global Economy is heading for serious trouble when the disintegration of the U.S. Shale Oil Industry begins, likely within the next few years. With Global GDP growth based on world oil production growth, the main driver has been the U.S. shale […]
The Quake Threat to Dams Posed by Fracking Was Long Warned
The Quake Threat to Dams Posed by Fracking Was Long Warned A new trove of internal exchanges shaken loose by Ben Parfitt amplifies decades of safety urgings. “Why is this so difficult?” a BC Hydro dam safety engineer plaintively asked his superiors seven years ago. He’d been stymied again in proposing that because the risks […]
Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale
Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale Argentina’s President Alberto Fernandez takes office in the midst of an economic crisis. Like his predecessor, he has made fracking a centerpiece of the country’s economic revival. Argentina has some of the largest natural gas and oil reserves in the world and “possibly the most […]
BC’s Drilling and Fracking Credits a $1.2 Billion Subsidy in Recent Years, Researcher Finds
BC’s Drilling and Fracking Credits a $1.2 Billion Subsidy in Recent Years, Researcher Finds Credits reduce future royalties that frackers owe the public for access to the resource. “It’s been quite a battle to get to this stage,” said Ben Parfitt, a resource policy analyst with the B.C. office of the Canadian Centre for Policy […]
UK Ban Adds to the Tremors Taking Down the Fracking Industry
UK Ban Adds to the Tremors Taking Down the Fracking Industry How long can BC and Alberta ignore the financial and geological realities facing them? The dramatic decision by the British government to ban the disruptive technology of hydraulic fracturing (or fracking) is just one of two volatile storms now shaking the industry. And both […]
UK Gov’t Halts Fracking In England Ahead Of General Election
UK Gov’t Halts Fracking In England Ahead Of General Election The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg. Prime Minister Boris Johnson’s government announced Saturday that all new hydraulic fracturing wells would be banned. The country’s […]
