Building a world of
resilient communities.

Will the Eagle Ford Shale Bankrupt Local Communities?

 The oil and gas industry has shouted from the roof tops for quite some time about the “shale revolution” and its supposed long term economic benefits...There is just one problem. It doesn’t happen to be true.

Externalities of shale: Road damage

The past few years have brought endless glowing reports about the benefits and promise of shales, both oil and gas. We have been assured of a prolific supply that will continue to be cheap and abundant for decades to come. Unfortunately industry rhetoric has proven overtly optimistic. Reserves and economic benefit are short-lived but perhaps most importantly are the negative externalities …

Exxon Mobil and the precautionary principle

A recent poll conducted by the Civil Society Institute (CSI) and the Environmental Working Group found that the vast majority of Americans favor more political leadership when balancing domestic energy production with protecting people and the environment. This poll is interesting on many levels, primarily because of the overwhelming percentages of constituents who want more protections. But …

Crude by rail: does it really make sense?

While industry touts shipping by rail as their latest great idea, there is, of course, another possibility as to why shipping by rail rather than pipeline makes sense. And it has more to do with unprofitability than great opportunity.

Department of Energy: New report on exportation

The US Department of Energy (DOE) released a report on 5 December, 2012 which examined the question of economic benefit to the US of natural gas exportation. Last December, Deloitte issued an independent report regarding exportation which had hauntingly similar conclusions. Interestingly enough, many of the conclusions in the Deloitte report are now known to be erroneous only one year later.

Financial co-dependency: How Wall Street has kept shale gas alive

On October 21, 2012, the New York Times published an article delving in depth into the relationships between large Wall Street investment banks and shale gas operators. The article is outstanding but so much more needs to be said.

The Magic of Shales

Under the Securities and Exchange Commission’s (SEC) new rule for oil and gas, companies have been allowed much greater freedom to book reserves. On the surface, there is a good argument to be made for expanding the definition of allowable booked reserves. But in practice, this may have opened the door to false valuations of shale assets.

Shale oil reserves questioned too

The USGS recently released new EUR numbers for all shale gas plays in the country and the numbers were significantly lower than operator claims. Interestingly, this same phenomenon is playing out in shale oil as well.

USGS releases damning EUR’s for shale

The extraordinary hype surrounding this industry has been impressive to say the least. It has clearly been a public relations exercise of disproportionate scale compared to what the wells are actually producing. That should have been our first clue. Methinks they doth propound too much.
MORE ARTICLES +