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A Fracking Disaster: BC Failing to Make Polluters Pay
A Fracking Disaster: BC Failing to Make Polluters Pay Auditor general says oil and gas commission hasn’t ensured companies will pay cleanup costs. The polluter-pay approach isn’t working in British Columbia’s oil and gas patch. The province’s energy regulator hasn’t secured enough money from companies to cover the estimated $3-billion cleanup costs for 10,672 inactive […]
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different? Two years ago, the U.S. fracking industry was trying to recover from the crash in the price of oil. Shale companies were promoting the idea that fracking was viable even at low oil prices (despite losing money when oil prices were high). At the time, no one was […]
Fracking the World: Despite Climate Risks, Fracking Is Going Global
Fracking the World: Despite Climate Risks, Fracking Is Going Global The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom — and as a report from Oil Change International recently noted — its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production will […]
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry
The Bakken Hit A New Record In 2018, But It’s A Bad Sign For The Industry The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in 2016 […]
Bethany McLean: Saudi America
Bethany McLean: Saudi America The truth about fracking & how it’s changing the world by Adam TaggartFriday, March 1, 2019, 3:37 PM For years now we’ve been covering the false promise of the American shale oil “miracle”. Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an […]
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy in 2009, a […]
Energy Dominance Isn’t Just a Trump Obsession
Energy Dominance Isn’t Just a Trump Obsession Energy Dominance should be the catchphrase of the day. It’s on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of […]
Are Investors Finally Waking up to North America’s Fracked Gas Crisis?
Are Investors Finally Waking up to North America’s Fracked Gas Crisis? The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors. Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors […]
Will BC’s Budding LNG Industry Spark More Quakes and Shake Northeast Housing Prices?
Will BC’s Budding LNG Industry Spark More Quakes and Shake Northeast Housing Prices? Look at Oklahoma as a possible preview of things to come. B.C. Premier John Horgan and Prime Minister Justin Trudeau could barely contain their glee last year when LNG Canada declared its $40-billion Kitimat export terminal and related pipeline were going ahead. But neither […]
The Shale Oil Revolution Actually Reflects a Nation in Decline
Shutterstock The Shale Oil Revolution Actually Reflects a Nation in Decline Faster consumption + no strategy = diminished prospects Here in the opening month of 2019, as the US consumes itself with hot debate over a border wall, far more important topics are being ignored completely. Take US energy policy. In the US press and […]
Oil’s Wild Price Swings Set to Create Global Chaos
Oil’s Wild Price Swings Set to Create Global Chaos Volatility is here to stay — and the political and economic implications will touch us all. Oil once gushed from the ground for drillers, like these workers in Port Arthur, Texas, in 1901. Now costly fracking and oilsands mining produces lower-quality oil at far higher costs. […]
BC earthquakes and fracking
BC earthquakes and fracking As a general rule, the most successful man in life is the man who has the best information There is no fracking going on right now in northeastern British Columbia, the epicenter of the province’s oil and gas production. Hydraulic fracturing operations have been shut down there for a month due to earthquakes […]
Fracking Future Shock in Colorado
Fracking Future Shock in Colorado If fracking treated all people equally, that is, if every person in Colorado were threatened with anywhere from 10 to 50 fracked wells in their neighborhood, the oil and gas industry would be long gone. But it doesn’t, so only a minority of Coloradans reap the whirlwind in the state’s […]
Judge Orders Moratorium on Offshore Fracking in Federal Waters off California
Judge Orders Moratorium on Offshore Fracking in Federal Waters off California In a victory for the ocean, a federal judge on Friday, November 9, ordered the Trump administration to cease issuing permits for offshore fracking and acidizing in federal waters — waters over 3 miles from shore — off the coast of Southern California. U.S. District Judge Philip S. Gutierrez ruled […]
