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July 5, 2024 Readings
July 5, 2024 Readings Move Over, Disaster Capitalism–Make Room for Addiction Capitalism–Charles Hugh Smith No Escape From Unchecked Government Spending and Deficits…Here’s The Proof–Crisis Investing Doug Casey on Revisionist History and How the Good Guys Don’t Always Win Houthi Attacks On Ships Soar Most This Year In June As Critical Maritime Chokepoint Ablaze In Conflict […]
July 3, 2024 Readings
July 3, 2024 Readings 2019: Peak (Western) Civilization–The Honest Sorcerer Summer Reflections–Erik Michaels The Long Forum June 2024 – by Shane Simonsen Can The Law Drag Fossil Fuels Into Greener Pastures? We Are All Joe Biden (And Malthus Was Not a Reptilian)–Ugo Bardi The Coming US Budget Disaster Will Impoverish Americans | Mises Institute Ongoing […]
Peak US Oil Production Looms as the Domestic Shale Boom Ends
Peak US Oil Production Looms as the Domestic Shale Boom Ends After a decade of losing hundreds of billions of dollars, the shale oil industry is finally making money — and running out of oil. A lone pumpjack in Loving County, Texas, in the Permian Basin. Credit: Justin Hamel It appears that the U.S. fracking […]
Cash For Fracking: UK Households May Receive Payouts For Allowing Fracking
Cash For Fracking: UK Households May Receive Payouts For Allowing Fracking The UK lifted its long-running ban on fracking last month. UK households could soon receive cash payouts for allowing fracking in their neighborhoods. Drilling companies could soon go door to door in Britain, offering money in exchange for fracking support. UK households could soon […]
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing A hydraulic fracturing manager holds a mixture of sand and water which is pumped down the pipes at a shale gas site in the UK. Peter Powell/Reuters Russia’s invasion of Ukraine […]
Oil Frackers Brace for End of the U.S. Shale Boom
Oil Frackers Brace for End of the U.S. Shale Boom Limited inventory leaves the industry with little choice but to hold back growth, even amid high oil prices The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the U.S. the world’s largest oil producer, companies […]
Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger
Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger Residents in the Groningen area in the Netherlands have voiced their anger at a plan by the Dutch government to potentially double this year production from the Groningen gas field, which has been hit by earthquakes in the past. The Dutch government said on Thursday that […]
In Brief: Fracking back, new weather warnings, lockdown by any other name
In Brief: Fracking back, new weather warnings, lockdown by any other name Fracking back Anti-fracking campaigners like to flatter themselves by claiming that it was their protests which finally brought UK fracking to an end. The reality though, is that the price at which UK shale gas might be recovered was far higher than the […]
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah In order to recover the abundance of these fuels that the EIA claims will be there for the taking, between now and 2050 the industry will need to drill something on the order of 700,000 new wells at a total cost of over $5 trillion. As […]
The U.S. Shale Revolution Has Surrendered to Reality
The U.S. Shale Revolution Has Surrendered to Reality Fracking companies aren’t drilling as investment continues to dry up. Image: Fossil fuel oil well. Credit: CL Baker. CC BY 2.0 “Drill, baby, drill is gone forever.” That was the recent assessment of Saudi Prince Abdulaziz bin Salman of the American oil industry’s future potential. As Saudi Arabia’s energy minister, […]
Change BC Fracking or Expect Damaging Earthquakes: Report
Change BC Fracking or Expect Damaging Earthquakes: Report The new warning comes from a former senior scientist with the province’s oil and gas commission. ‘Induced earthquakes don’t have an upper limit,’ posing risk to communities nearby, concludes a hydrologist. This fracking site is outside of Fort St. John, BC. Photo by Jeremy Sean Williams, Wilderness Committee. Since […]
The Brutal Legal Odyssey of Jessica Ernst Comes to an End
The Brutal Legal Odyssey of Jessica Ernst Comes to an End The Alberta landowner fought an epic battle against fracking interests. Jessica Ernst became a high-profile critic of hydraulic fracturing, injecting liquid at high pressure to force loose oil and gas out. ‘The system dismissed my case, but I don’t think I lost in the […]
Struggling to Make a Profit, Fracking Investors are Searching for the Exit
Struggling to Make a Profit, Fracking Investors are Searching for the Exit Banks and investors have given up on the U.S. fracking industry, which is bad news for current investors who waited too long to get out. Derricks Credit: Pay No Mind (CC BY-SA 2.0) and Going out of business sign Credit: Michael Steeber (CC BY-SA 2.0) Photos adapted by: Justin Mikulka […]
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years ExxonMobil announced a $19.3 billion write-down on Tuesday, a big hit to a company reeling from depressed oil and gas prices and a rapidly changing global energy market. The write-down reduces the value of the assets on Exxon’s books. The announcement comes as part […]
New Harvard Study Finds “Elevated Radiation” Levels Near Fracking Sites
New Harvard Study Finds “Elevated Radiation” Levels Near Fracking Sites Fracking has been one of the keys to helping the U.S. achieve its energy independence and become the world’s largest oil and gas producer over the last ten years. But now, it looks like it may be coming with some unintended consequences, according to Reuters. Researchers […]
