Fighting Off a Petrochemical Future in the Ohio River Valley

Rather than pouring public money into projects that put Pennsylvanians’ health and the climate on the line—and that could be doomed to collapse anyway—activists say officials should invest in more sustainable industries.

To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive than ever for the financially failing shale oil industry.

Many of those problems can be traced to two issues for the Permian Basin: The quality of its oil and the sheer volume of natural gas coming from its oil wells.

Report Attacks Industry Campaign to Fix Natural Gas’s Climate PR Problem

A new report from advocacy group Food and Water Watch argues that fracking and continued reliance on natural gas is detrimental to addressing climate change. The report, which calls out the fossil fuel industry’s misleading narratives around natural gas, comes at a time when progressive members of Congress like Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez are introducing a bill to ban fracking and when the industry is ramping up its public relations push around gas.

Climate Watchdog Warns US Fracking Boom Leading to 30% Rise in Greenhouse Gas Emissions by 2025

Planet-heating pollution from the U.S. oil, gas, and petrochemical industries could rise about 30% by 2025 compared with 2018 because of additional drilling and 157 new or expanded projects “fueled by the fracking boom,” an environmental watchdog group warned Wednesday.

Does Trump Have a Bunch of ‘Losers’ to Thank for a Growing Economy?

But, curiously, this renaissance of petroleum in the United States has not led to a resurgence of profits in the oil and gas industry. Quite the opposite, because almost none of the companies that have invested in fracking are turning a profit. Investors in this industry are losing a lot of money, some $83 billion since 2008, according to oil analyst Arthur Berman.