Fracking – June 4

•Fracking could ruin German beer industry, brewers tell Angela Merkel •Amerikas Schiefergas-Boom droht jähes Ende •Fracking Tests Ties Between California ‘Oil and Ag’ Interests •Most Americans don’t give a frack about fracking •UK shale gas reserves may be ‘bigger than first thought’ •OPEC, at its Vienna meeting, grapples with shale oil

New report raises concerns about expansion of frac sand mines in Minnesota and Wisconsin

The true economic impact of frac sand mining may fall short of industry claims promising sustained prosperity and economic opportunity, says a first-of-its-kind expert report to be released Wednesday, May 15. By using currently available economic data, The Economic Benefits and Costs of Frac-Sand Mining in West Central Wisconsin offers a full, unbiased analysis of costs and benefits for communities affected by frac sand mining. The report concludes by offering a list of questions to be considered that can help rural towns in Wisconsin and Minnesota effectively evaluate benefits and costs of frac sand mining for their community. As frac-sand mining legislation is being considered in Minnesota, including taxes to benefit the state and conservation measures to protect the environment, the report offers data to supplement the often overly optimistic economic projections from mining companies that often ignore costs and minimize environmental risks.

Will the International Energy Agency’s oil forecast be wrong again?

The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast, this time from the Paris-based International Energy Agency, it is worth reviewing the agency’s record.

The Obama Administration’s Natural Gas Policy Is Tragically Misguided

The Obama administration has come out in support of the idea of exporting U.S. natural gas. This stance is counterproductive and shortsighted, and if followed, it will prove harmful to domestic manufacturing (i.e., value generation) and to future generations of Americans.