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Tag Archives: shale gas
“Default Monday”: Oil & Gas Companies Face Their Creditors
“Default Monday”: Oil & Gas Companies Face Their Creditors Debt funded the fracking boom. Now oil and gas prices have collapsed, and so has the ability to service that debt. The oil bust of the 1980s took down 700 banks, including 9 of the 10 largest in Texas. But this time, it’s different. This time, […]
Quakes in Gas Fields Ignored for Years, Dutch Agency Finds
Quakes in Gas Fields Ignored for Years, Dutch Agency Finds Safety board’s report a relevant read for any fracking zone. A report from the Dutch Safety Board has accused the oil and gas industry and Netherlands Ministry of Economic Affairs of willfully downplaying the risk of earthquakes caused by the rapid depletion of Europe’s largest gas field. […]
Fracking Bust Deepens, Sets Records
Fracking Bust Deepens, Sets Records The fracking bust that is following the phenomenal fracking boom is deepening relentlessly, week after week, and there is still no respite in sight. Drilling activity peaked in October last year, when 1,606 rigs were drilling for oil, with a four-month lag behind oil prices. But by October it was clear […]
USGS Confirms Oklahoma Quakes Are Due To Fracking
USGS Confirms Oklahoma Quakes Are Due To Fracking The debate about the cause of the exponential rise in the frequency of earthquakes in Oklahoma has really heated up in the last year, but as KFOR4 reports, The United States Geological Survey (USGS) appears to have put any doubt firmly to rest. In a strongly-worded press release, the […]
How Can Cameron Stop Fracking Causing Earthquakes? Easy. Change the Definition of Fracking.
How Can Cameron Stop Fracking Causing Earthquakes? Easy. Change the Definition of Fracking. David Cameron’s government has snuck a new definition of fracking onto the statute books – allowing hydraulic fracturing for shale gas to take place outside the new regulatory regime. Cuadrilla’s exploratory fracking, which caused two earthquakes in 2011 at Preese Hall in Lancashire, would not be classified […]
Junk Science? Report Finds Shale Industry Cited ‘Retracted and Discredited’ Studies
Junk Science? Report Finds Shale Industry Cited ‘Retracted and Discredited’ Studies Since the beginning of the shale gas rush, the drilling industry has insisted that the process is relatively benign, arguing that its critics are simply fear-mongering and that a sober scientific review of the data fails to prove, for instance, that fracking has ever […]
The PunchLine: “The Oil Crash Is No Small Matter…Repurcussions Will Be Extensive”
The PunchLine: “The Oil Crash Is No Small Matter…Repurcussions Will Be Extensive” Awkward Beginnings… With all due respect… What a way to start the year. The crash in oil prices is no small matter. The previous down sweep in energy prices occurred in the midst of the financial crash 0f 2008 and Great Recession. Oil prices […]
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 […]
Fracking Fracas: The Trouble with Optimistic Shale Gas Projections by the U.S. Department of Energy Post Carbon Institute
Fracking Fracas: The Trouble with Optimistic Shale Gas Projections by the U.S. Department of Energy Post Carbon Institute. On December 3, 2014, Nature published “Natural Gas: The Fracking Fallacy”, which suggested that the forecasts of the Energy Information Administration (EIA) for four major U.S. shale gas plays were wildly optimistic, based on a comparison to forecasts for […]
Jobs, Shale, Debt and Minsky – The Automatic Earth
Jobs, Shale, Debt and Minsky – The Automatic Earth. OK, I don’t see a whole lot of comprehension out there, so let’s try and link the obvious: employment to shale to plummeting oil prices to the debt the shale industry was built on (and which is vanishing). I know, people look at the US jobs […]
Follow The Sand To The Real Fracking Boom
Follow The Sand To The Real Fracking Boom. When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. Demand is exploding for “frac sand”–a durable, […]
The Real Cost of Fracking: How America’s Shale Gas Boom Is Threatening Our Families, Pets, and Food
The Real Cost of Fracking: How America’s Shale Gas Boom Is Threatening Our Families, Pets, and Food. The first researchers to systematically document ill health in livestock, pets, and people living near fracking drill sites were Michelle Bamberger and Robert Oswald. Bamberger, a veterinarian, and Oswald, a professor of molecular medicine at Cornell University, used […]
Taxpayers to fund hundreds of fracking boreholes across the country | Environment | The Guardian
Taxpayers to fund hundreds of fracking boreholes across the country | Environment | The Guardian. Hundreds of government-funded boreholes are set to be drilled across Britain to try to persuade the public that a looming shale gas boom can be developed safely, the Observer has learned. Sensors in the boreholes would detect possible water pollution or earthquakes […]
You Have to See It to Believe It: What It’s Like to Have Fracking in Your Backyard | Alternet
You Have to See It to Believe It: What It’s Like to Have Fracking in Your Backyard | Alternet. Ed Wade’s property straddles the Wetzel and Marsh county lines in rural West Virginia and it has a conventional gas well on it. “You could cover the whole [well] pad with three pickups,” said Wade. And […]
The Revolution That Wasn’t: Why the Fracking Phenomenon Will Leave Us High and Dry Post Carbon Institute
The Revolution That Wasn’t: Why the Fracking Phenomenon Will Leave Us High and Dry Post Carbon Institute. A new, landmark report shows that hopes of a long-term golden era in American oil & gas production are unfounded. America’s energy landscape has undergone a dramatic shift over the last decade—literally and figuratively—as a result of the widespread use […]
