Insight and inspiration in turbulent times.
The rapid rise in U.S. oil production from so-called shale oil deposits has resulted in forecasts of oil abundance far into the future. The financial indicators and simple logic tell us that these forecasts are almost certainly wrong.
Today, the notion of public service seems as quaint as a local post office. We expect those who govern us to grab what they can, permitting predatory banks and corporations to fleece the public realm, then collect their reward in the form of lucrative directorships.
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the “alarming volumes of red ink” within the shale industry.
As Colorado gears up for another fight over oil and gas drilling near homes and schools, this time the fossil fuel industry is reportedly doing whatever it takes to win.
Between 2011 and 2016, fracked oil and gas wells in the U.S. pumped out record-breaking amounts of wastewater, which is laced with toxic and radioactive materials, a new Duke University study concludes.
What if peak oil is a process rather than a moment, a process with a series of twists and turns filled with sometimes ambiguous and counterintuitive signals?
At a recent industry conference, Terry Spencer, head of natural gas infrastructure company ONEOK, made clear the direction the fracking industry was headed: “One of these days one of these big ol’ fracs will be operated with nobody there.”
As a whole, the American fracking experiment has been a financial disaster for many of its investors, who have been plagued by the industry’s heavy borrowing, low returns, and bankruptcies, and the path to becoming profitable is lined with significant potential hurdles.
ather than “regulate” the amount of harm that fracking would inflict on a city that had been cleaning up smog and brownfields for decades following the withdrawal of the steel industry, CELDF offered to draft a local civil rights law that would guarantee certain community rights, including the right to clean air, pure water, the rights of natural ecosystems to flourish, and the right to be free from toxic trespass (poisoning).
After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any Canadian energy regulator. Last month the Oklahoma Corporation Commission ordered all drillers to deploy seismic arrays to detect ground motion within five kilometres of hydraulic fracturing operations over a 39,000-square-kilometre area in the centre of the state.
The evidence is now overwhelming that natural gas is not part of the climate solution, it is part of the problem. A new study finds that the methane escaping from Pennsylvania’s oil and gas industry “causes the same near-term climate pollution as 11 coal-fired power plants.”
Last month one of the largest fracked gas projects in the Pacific Northwest was dealt a legal blow when its development permit was canceled for failing to fully account for the plant’s greenhouse gas emissions. The project, backed by Northwest Innovation Works (NWIW), would refine fracked gas into methanol, an industrial feedstock used in chemical production, that would be shipped in bulk from Kalama, Washington, to China, where backers say it will produce plastics.
