Sharon Kelly's blog

Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses

For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale drilling rush was gaining speed. “Utica Shale Holds 20 Times More Gas Than Previous Estimates”, read one headline. “Utica Bigger Than Marcellus”, proclaimed another.

Environmental Group Launches Lawsuit Against Federal Government Over Pipeline Safety Planning

One of the country's largest environmental groups has accused the federal government of failing to follow pipeline safety planning laws, alleging that for more than two decades the Department of Transportation (DOT) has illegally allowed companies to operate oil pipelines that cross waterways without adequate preparation for spills and other disasters.

The National Wildlife Federation, which filed a notice of its intent to sue on Tuesday, accused the Pipeline and Hazardous Materials Safety Administration (PHMSA), part of the DOT, of failing to properly enforce the Oil Pollution Act, enacted by Congress in the wake of the Exxon Valdez spill.

“Due to the agency’s decades-long oversight failures, every U.S. oil pipeline that intersects a navigable water is operating illegally,” the NWF wrote in a statement announcing the filing.

Recession, Not Fracking, Behind Drop in U.S. Carbon Dioxide Emissions, Scientists Conclude

It’s been a talking point for boosters of the shale gas rush for years: as fracking spread across the country and the supply glut drove prices down, utilities have been shuttering dirty coal plants and burning natural gas instead – meaning that America’s carbon dioxide (CO2) emissions dropped sharply. Fracking, the argument went, is actually good for the environment because it’s good for the climate.

Drillers Under Pressure as Low Prices, Broad Uncertainties Put Oil & Gas Industry's Financial Prospects 'In Limbo'

At a climate change conference in Paris last week, Fatih Birol, chief economist at the International Energy Agency, had a blunt message for energy companies.

“We see some moves from energy companies in the direction of sustainable development. However, it is not at the level you would like to see,” Mr. Birol, who will be promoted to chief of the IEA in September, told those assembled. “If they think that their businesses are immune to the impacts of climate policy, they are making a strategic mistake.”

Other experts sound a similar note, calling for changes so fast and sweeping that they would be like an “induced implosion.”

EPA's New Fracking Study: A Close Look at the Numbers Buried in the Fine Print

When EPA’s long-awaited draft assessment on fracking and drinking water supplies was released, the oil and gas industry triumphantly focused on a headline-making sentence: “We did not find evidence of widespread, systemic impacts on drinking water resources in the United States.”

But for fracking’s backers, a sense of victory may prove to be fleeting.

EPA’s draft assessment made one thing clear: fracking has repeatedly contaminated drinking water supplies (a fact that the industry has long aggressively denied).

New Research Confirms Earthquake Swarms Caused by Oil and Gas Industry

The evidence establishing that the oil and gas industry is causing earthquakes grew much stronger last week, as two scientific papers clarified exactly how human activity is driving the swarm of quakes that has afflicted Oklahoma for the past six years.

For decades, earthquakes were rare in the central US. Since the 1970’s, two dozen quakes over magnitude 3.0 shook the region in an average year and larger quakes were even more rare.

But since 2009, right when the drilling industry’s wastewater production started spiking, the number of earthquakes has been skyrocketing, with 688 quakes that size hitting the region in 2014 — and 2015 is on track to be even more seismically active.

This means, Oklahoma has been hit by more quakes in the past year and a half than were felt in the entire 36 year-span from 1973 through 2008.

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