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Tag Archives: fracking
News Not to Miss: Oil Train Spill, China Petrochemical Deal, Methane Leaks
News Not to Miss: Oil Train Spill, China Petrochemical Deal, Methane Leaks It’s hard to keep up with the flood of news these days. Here’s your weekly round-up of news not to miss from DeSmog. Justin Mikulka has been on the oil train beat for years. He’s documented how the oil boom and pipeline bottleneck in the […]
Why It Matters If Fracking Companies Are Overestimating Their ‘Proved’ Oil and Gas Reserves
Why It Matters If Fracking Companies Are Overestimating Their ‘Proved’ Oil and Gas Reserves Back in 2011, The New York Times first raised concerns about the reliability of America’s proved shale gas reserves. Proved reserves are the estimates of supplies of oil and gas that drillers tell investors they will be able to tap. The […]
The Unbelievable Amount Of Frac Sand Consumed By U.S. Shale Oil Industry
The Unbelievable Amount Of Frac Sand Consumed By U.S. Shale Oil Industry The U.S. Shale Oil Industry utilizes a stunning amount of equipment and consumes a massive amount of materials to produce more than half of the country’s oil production. One of the vital materials used in the production of shale oil is frac sand. […]
Troubled Gas Firm Drops Request to Dodge Drilling Limits Near New Mexico’s Methane Hot Spot
Troubled Gas Firm Drops Request to Dodge Drilling Limits Near New Mexico’s Methane Hot Spot Today, one of New Mexico’s largest oil and gas producers, Hilcorp Energy, dropped its recently filed request to increase the number of wells it can drill or frack in the San Juan Basin, already home to tens of thousands of gas […]
Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions
Flip This Well: How Fracking Company CEOs Get Rich While Losing Billions Last year the fracking company Halcón Resources announced a new strategy that was sold as the path to profits for the previously troubled shale oil and gas firm. The company had sold its stake in the Bakken oil fields in order to double down […]
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss
This Federal Policy Enabled the Fracking Industry’s $280 Billion Loss Most people probably aren’t familiar with the acronym ZIRP. It stands for zero interest rate policy and is the policy that unintentionally created the American fracking bubble — just one of its many consequences. And while most people may not know much (if anything) about ZIRP […]
GOP Tax Law Bails Out Fracking Companies Buried in Debt
GOP Tax Law Bails Out Fracking Companies Buried in Debt EOG Resources is one of the top companies in the fracking industry, and thanks to the new tax bill passed by Republicans and President Donald Trump at the end of last year, EOG had an exceptionally strong year compared to 2016. In 2017, the company reported a net income of […]
World May Hit 2 Degrees of Warming in 10-15 Years Thanks to Fracking, Says Cornell Scientist
World May Hit 2 Degrees of Warming in 10-15 Years Thanks to Fracking, Says Cornell Scientist In 2011, a Cornell University research team first made the groundbreaking discovery that leaking methane from the shale gas fracking boom could make burning fracked gas worse for the climate than coal. In a sobering lecture released this month, a member […]
The Secret of the Great American Fracking Bubble
The Secret of the Great American Fracking Bubble In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which […]
In Pittsburgh, a community bill of rights helped ban fracking
In Pittsburgh, a community bill of rights helped ban fracking Here’s the problem: In 2010, the oil and gas industries operating in Pennsylvania were acquiring land leases that would allow them to extract natural gas using the process known as “fracking.” Many rural municipalities had been targeted already for this activity, and the state Legislature had enacted […]
Spooked by Quakes, Oklahoma Toughens Fracking Rules
Spooked by Quakes, Oklahoma Toughens Fracking Rules Canadian regulators stick with less stringent regulations despite growing risks from mega-fracking. Across North America, fracking-caused earthquakes have led to public concern and protests. Photo by ProgressOhio, Creative Commons licensed. After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any […]
Getting Past Trump: This Is How Democracies Die (Part 1)
Getting Past Trump: This Is How Democracies Die (Part 1) Ed note: This piece is part of a 3-part series. Part 1 is also cross-posted on Truthout. Donald Trump’s 13-month tenure (so far) as president of the United States has been an exhausting sprint for onlookers concerned about the state of the global ecosystem and […]
Oklahoma Bolsters Earthquake Protocol For Frackers
Oklahoma Bolsters Earthquake Protocol For Frackers Oklahoma has witnessed a surge in earthquakes over the past decade. Regulators and scientists largely agree that the higher seismic activity is associated with the injection of wastewater from oil and gas production into wastewater wells. Now Oklahoma is tightening its seismic protocol for the oil and gas operations […]
Stunning new research finds fracking a major source of carbon pollution in Pennsylvania
Stunning new research finds fracking a major source of carbon pollution in Pennsylvania Methane leaks in the state’s oil and gas industry equal 11 coal-fired power plants. FLARING TAKES PLACE AFTER A GAS WELL HAS BEEN DRILLED AND BEFORE IT IS PUT INTO OPERATION. CREDIT: CAROLYN COLE/L.A. TIMES VIA GETTY IMAGES The evidence is now […]
