Natural Gas

With Gas so Cheap and Well Drilling Down, Why is Gas Production so High?

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Large amounts of natural gas are produced in conjunction with the production of hydraulically fractured shale oil and in association with conventional oil drilling. Given the price differential between oil and gas at present many companies have changed their focus to shale oil or liquids rich shale gas to enhance economic returns. Although much associated gas in the production of shale oil is simply flared, as in the Bakken play in North Dakota, much is also produced into the market even at current low prices. Thus the apparent “too- good-to-be-true” statistics showing growing gas production with declining drilling are simply that – too- good-to-be-true.

Shale gas – Jan 16

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-Cornell Study Links Fracking Wastewater with Mortality in Farm Animals
-U.S. Shale Bubble Inflates After Near-Record Prices for Untested Fields
-Study needed on shale gas effects on health: group
-Ministers slammed over fracking
-Fracking is ‘pretty safe’, says British Geological Survey
-Bulgarians protest, seek moratorium on shale gas

ODAC Newsletter – Jan 13

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Fears of an EU recession gained ground this week with news that the German economy shrank in Q4. In oil markets this dunked oil prices to a New Year low – though they quickly recovered on Thursday in response to renewed concerns of supply disruption. In Nigeria unions threatened to escalate nationwide strikes to the oil production sector at the weekend if the government fails to reverse recent cuts in fuel subsidies.

How resilient is the food system?

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Given industrial food’s dependence on petroleum, it’s easy to conclude that peak oil poses a serious threat to our food supply. And it’s likewise easy, given the importance of food in our lives, to conclude that making food peak-oil-resilient is one of the first things to worry about. So it’s a nice surprise to hear permaculturist extraordinaire Toby Hemenway argue that food is in fact the last thing to worry about.

Fracking nonsense: The job myth of gas drilling

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Natural gas companies are trying to sell fracking as the solution to all of the economic ills ailing this country.  Supposedly fracking can bring the economy out of its current stagnation by creating uncountable new jobs, without running up government deficits, and even save us from global warming in the process.  So how come local residents and environmentalists oppose fracking? The short answer is that fracking does not create local jobs, it lowers property values, and pollutes the water we drink and the air we breathe.

Commentary: Energy Differentiation

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Many people fail to properly differentiate between energy forms and related energy systems. One result is that they can be misled regarding solutions to such concerns as “the energy crisis,” “energy security,” or “dependence on foreign oil.” This not only leads to unrealistic thinking but poor public policy. Consider three major energy forms and their differentiation.

ODAC Newsletter – Jan 6

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The New Year failed to ring in the customary changes this time round. The great economic hangover moves into its fourth year with many predicting that things will take a turn for the worse during 2012. Geopolitically, the standoff between the West and Iran escalated over the holiday, hoisting oil prices over $113/barrel once again.

Heinberg, Kunstler, Foss, Orlov & Chomsky on A Public Affair

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Richard Heinberg joins James Howard Kunstler, Nicole Foss, Dmitri Orlov and Noam Chomsky in a panel discussion. Reviewer: "These extraordinary clearseers analyse precisely the catastrophic crises which — amongst many other things — are bringing on the steady, relentless collapse of the US empire."

(Transcript and audio)