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Tag Archives: hydraulic fracturing
True Believers
True Believers There is a special species of idiot at large in the financial media space who believe absolutely in the desperate and tragic public relations bullshit that this society churns out to convince itself that the techno-industrial high life can continue indefinitely, despite the mandates of reality — in particular, the fairy tales about […]
Where In The World Is The Shale Gas Revolution?
Where In The World Is The Shale Gas Revolution? As it stands the global shale gas revolution is missing in action. To be sure, its impact in the United States – and the subsequent ripple worldwide – was nothing short of game-changing, but the wave of enthusiasm has yet to produce substantial results outside of […]
Shale Gas Reality Check
Shale Gas Reality Check In October 2014, Post Carbon Institute published the results of what likely remains the most thorough independent analysis of U.S. shale gas and tight oil production ever conducted. The process of drilling for shale gas and tight oil is known colloquially as “fracking” and has drawn a great deal of controversy—considered […]
Higher-risk ‘Shallow Fracking’ More Common than Suspected: Study
Higher-risk ‘Shallow Fracking’ More Common than Suspected: Study Lessons for BC, Alberta in new Stanford report. The fracking of oil and gas less than a mile from aquifers or the Earth’s surface now takes place across North America with few restrictions, posing increased risk for drinking water supplies, says a new Stanford study. The study examined […]
Will the Oil Patch Bust Trigger Recession?
Will the Oil Patch Bust Trigger Recession? This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting from $100/barrel to $50/barrel kick the U.S. into recession? Longtime correspondent B.C. recently observed: The question is whether the incipient […]
It’s Happening: Debt Is Tearing up the Fracking Revolution
It’s Happening: Debt Is Tearing up the Fracking Revolution The shares of Chesapeake Energy, second largest natural-gas driller in the US, crashed nearly 10% today, to $9.29, the lowest price since August 2003, down nearly 70% since oil began to plunge a year ago. The company’s $1.1 billion of 5.75% notes fell to an all-time low […]
Fracking Industry Has Changed Earthquake Patterns in Northeast BC
Fracking Industry Has Changed Earthquake Patterns in Northeast BC Impact on groundwater and migrating gases mostly unknown, critics say. A special report. New research and presentations by both provincial and federal scientists show that the shale gas industry, which the B.C. government hopes will eventually supply proposed liquefied natural gas terminals with fracked gas, has caused […]
Energy Files: Defra report reveals extent of impacts on people living near fracking wells
Energy Files: Defra report reveals extent of impacts on people living near fracking wells People that live near fracking sites could be affected by health problems and financial hardships – and fracking might not even help climate change – a government report has revealed. The report – which was initially heavily redacted but has now been […]
Supreme Court Rejects Argument to Dismiss Landmark Fracking Case
Supreme Court Rejects Argument to Dismiss Landmark Fracking Case Jessica Ernst’s charter claim hearing slated for 2016. The Supreme Court of Canada has rejected a motion by the country’s most powerful energy regulator that Jessica Ernst’s case involving fracking and groundwater contamination raises no significant constitutional claim and should be dismissed. Chief Justice Beverley McLachlin ruled that […]
New York State Ban On Fracking Made Official
New York State Ban On Fracking Made Official “After years of exhaustive research and examination of the science and facts, prohibiting high-volume hydraulic fracturing is the only reasonable alternative.” Those were the words many activists in New York never expected to hear from Joe Martens, head of the state’s Department of Environmental Conservation, but they were […]
EPA’s New Fracking Study: A Close Look at the Numbers Buried in the Fine Print
EPA’s New Fracking Study: A Close Look at the Numbers Buried in the Fine Print When EPA’s long-awaited draft assessment on fracking and drinking water supplies was released, the oil and gas industry triumphantly focused on a headline-making sentence: “We did not find evidence of widespread, systemic impacts on drinking water resources in the United States.” But for fracking’s […]
Another 4.4 Magnitude Industry Reported Quake in Alberta
Another 4.4 Magnitude Industry Reported Quake in Alberta Chevron shuts down operations following seismic event near Fox Creek. Chevron Canada has confirmed that “a magnitude 4.4 seismic event was recorded by seismic monitoring arrays operated by Chevron Canada and Natural Resources Canada” in the Duvernay shale near Fox Creek, Alberta on Saturday. It’s the second […]
“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global
“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global A new report showing the U.S. overtaking Russia as the leading producer of oil and gas in the world should put to rest any doubt that the fracking revolution that has occurred in the U.S. is for real, or as BP’s chief economist put it, “profound.” And now with the recent […]
More Industry Linked Earthquakes Recorded in Alberta
More Industry Linked Earthquakes Recorded in Alberta New seismic reporting system ‘a good start’ but ‘not foolproof,’ says hazard expert. More industry-linked earthquakes have shaken up Alberta’s oil and gas fields in recent weeks from Fox Creek to Peace River, say experts and regulators. In Fox Creek, Alberta, where industry triggered a 4.4 magnitude earthquake, a company fracking […]
