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Tag Archives: hydraulic fracturing
Investors Crushed as US Natural Gas Drillers Blow Up
Investors Crushed as US Natural Gas Drillers Blow Up The Fed speaks, the dollar crashes. The dollar was ripe. The entire world had been bullish on it. Down nearly 3% against the euro, before recovering some. The biggest drop since March 2009. Everything else jumped. Stocks, Treasuries, gold, even oil. West Texas Intermediate had been […]
The US Oil Bust Just Got Worse
The US Oil Bust Just Got Worse The price of Oil did today what it has been doing for a while: it waits for a trigger and plunges. As I’m writing this, West Texas Intermediate is down 4.4%, trading at $44.99 a barrel, less than a measly buck away from this oil bust’s January low. […]
Fracking Firm IGas Refuses Further Investigation into Possible Site Contamination
Fracking Firm IGas Refuses Further Investigation into Possible Site Contamination An environmental expert has been stopped by fracking firm IGas and landowners Peel Holdings from further investigating possible chemical contamination at the company’s Barton Moss drilling plant, the Manchester Magistrates Court heard recently. Dr Aiden Foley of EGG Consultants presented a report to the court showing “dangerously high” levels of contamination near […]
Has California’s Fracking Boom Already Gone Bust?
Has California’s Fracking Boom Already Gone Bust? We accelerate down the runway — a tiny asphalt strip next to Taft Skydiving. Our little Piper Cherokee lifts off and as we ascend, I peer out the window. Below us is California’s Kern County and more than a century of oil exploration — from the gushers of […]
More California Oil Industry Wastewater Injection Wells Shut Down Over Fears Of Groundwater Contamination
More California Oil Industry Wastewater Injection Wells Shut Down Over Fears Of Groundwater Contamination The latest in the ongoing investigation into California regulators’ failure to protect residents from toxic oil industry waste streams has led to the closure of 12 more underground injection wells. The 12 wells that were shut downthis week are all in the Central Valley region, […]
Internal Documents Reveal Extensive Industry Influence Over EPA’s National Fracking Study
Internal Documents Reveal Extensive Industry Influence Over EPA’s National Fracking Study In 2010, the Environmental Protection Agency (EPA) launched an ambitious and highly consequential study of the risks that hydraulic fracturing, or fracking, poses to American drinking water supplies. “This is about using the best possible science to do what the American people expect the EPA to do – ensure […]
The Fracking Bust Exacts its Pound of Flesh
The Fracking Bust Exacts its Pound of Flesh Breath-taking booms and obliterating busts have made the oil and gas business. Booms draw money, which begets more money, which allows for technologies to be invented or perfected, and it builds enthusiasm that turns into blind faith among investors, and they throw more money at it. The […]
Bakken Decline Rates Worrying For Drillers
Bakken Decline Rates Worrying For Drillers I have been supplied an Excel spreadsheet of all North Dakota wells back to 2006, thanks to Enno Peters and Dennis Coyne. I only used the data back to 2007 however. This is a wealth of information if we want to know how many wells came on line in […]
David Cameron’s New Definition of Fracking ‘Political Not Scientific’
David Cameron’s New Definition of Fracking ‘Political Not Scientific’ Last week, DeSmog UK revealed how David Cameron’s government snuck a new definition of fracking onto the statute books. Kyla Mandel investigates where this definition actually came from. The definition of hydraulic fracturing adopted by theUK coalition government has all the hallmarks of industry influence, finds DeSmog UK. The fracking definition was slipped into […]
Will US Shale Boom Continue Or Have A Hiatus?
Will US Shale Boom Continue Or Have A Hiatus? The conventional wisdom recently has been that North America will keep producing shale oil for some time despite the higher costs associated with hydraulic fracturing and the 50 percent drop in oil prices over the past eight months. The thing about conventional wisdom is that it […]
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 […]
Fracking Quakes Pose Added Risks and Require Study, Expert Warns
Fracking Quakes Pose Added Risks and Require Study, Expert Warns Researchers need more seismic data to understand unique hazards. One of Canada’s foremost experts on earthquake hazards recently told an audience of Calgary engineers that earthquakes triggered by hydraulic fracturing can exceed “what the natural hazard was in the first place” and pose risks to […]
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 […]
