Natural Gas

Pincushion America: The irretrievable legacy of drilling everywhere on drinking water

by

Since 1949 the United States has had more than 2.6 million oil and natural gas wells drilled into its surface. Many more wells have gone uncounted since they were drilled before comprehensive records were kept. Add to that some 680,000 waste injection wells of which more than 150,000 inject industrial wastes, some of it considered hazardous. And, this may not be the full count since the U.S. Environmental Protection Agency admits that records are inadequate on the largest class of injection wells which it says “in general…inject non-hazardous fluids into or above [U.S. drinking water].” The “in general” part is not terribly reassuring.

ODAC Newsletter – June 29

by

This week saw further confirmation that all is not well in the shale gas industry as ExxonMobil CEO Rex Tillerson admitted “We are all losing our shirts today.”…”We’re making no money. It’s all in the red.” The news comes as little surprise since the price of production is estimated to be around $4-7/per million BTUs and prices have been languishing around $2…

Thirst for power: How coal, nuclear and gas waste our water

by

As many Americans retreat to air-conditioned environments to get out of the heat, the flame increases under our limited freshwater resources. The electrical energy used to create our comfort zones requires massive withdrawals of water from our rivers, lakes and aquifers to cool down nuclear, coal and natural gas power plants.

Shale gas – June 28

by

-Exxon: ‘Losing Our Shirts’ on Natural Gas
-Shale Gas Reality Begins to Dawn
-The Sky Is Pink: New Josh Fox Video On Fracking Controversies in New York (and Much More)
-Obama’s Interior chief: State regulation of fracking ‘not good enough for me’
-Ed Davey urged to take ‘foot off the gas’ and focus on renewables [Report]
-Gazprom Biggest Loser As Shale Gas Upends World Markets

Commentary: America’s new energy reality – A bidding war for declining global net oil exports

by

Americans are reading, almost on a daily basis, about increasing oil and gas production in the US. For example, Daniel Yergin wrote about his optimistic outlook for increasing US oil and gas production in an OpEd piece in the June 10, 1012 New York Times entitled “Americas New Energy Reality.”

It’s certainly true that US oil and gas production has rebounded from the production low following the 2005 Gulf of Mexico hurricanes, but a careful analysis of the production data suggests that the production outlook it not quite as rosy as most people seem to believe.

ODAC Newsletter – June 22

by

Oil prices plunged to less than $89/barrel this week, an eighteen-month low, amid deepening economic gloom. Suddenly everyone is in the business of predicting just how far the oil price might fall – Credit Suisse has forecast $50/barrel – and for how long. One particularly interested and anxious observer is likely to be Vladimir Putin. With around 50% of Russia’s revenue coming from oil and gas the Kremlin is worried about the potential for a budget shortfall.

An influential global voice warns of runaway emissions

by

Few international figures have been as consistent in warning about the threat posed by global warming as economist Fatih Birol, of the International Energy Agency. In an interview with Yale Environment 360, Birol explains why the situation is worsening and what needs to be done to significantly slow emissions.