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Sun, 2015-03-22 18:40Steve Horn
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Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia

With some analysts predicting the global price of oil to see another drop, many oil majors have deployed their parachutes and jumped from the hydraulic fracturing (“fracking”) projects rapidly nose-diving across the world.

As The Wall Street Journal recently reported, the unconvetional shale oil and gas boom is still predominantly U.S.-centric, likely to remain so for years to come.

“Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC have packed up nearly all of their hydraulic fracturing wildcatting in Europe, Russia and China,” wrote The Wall Street Journal.

“Chevron halted its last European fracking operations in February when it pulled out of Romania. Shell said it is cutting world-wide shale spending by 30% in places including Turkey, Ukraine and Argentina. Exxon has pulled out of Poland and Hungary, and its German fracking operations are on hold.” 

Though the fracking boom has taken off in the U.S. like no other place on Earth, the U.S. actually possesses less than 10 percent of the world’s estimated shale reserves, according to The Journal.

Despite this resource allotment discrepency, the U.S. Energy Information Administration (EIA) recently revealed that only four countries in the world have produced fracked oil or gas at a commercial-scale: the United States, Canada, China and Argentina.

Global Shale Fail
Image Credit: U.S. Energy Information Administration

Thu, 2008-05-29 13:35Bill Miller
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Book cites population growth as key driver of global warming

After virtually abandoning the issue for three decades, the environmental movement got a bold reality check this week from a new book highlighting relentless human population growth as a driving force behind global warming.

This wouldn’t have raised eyebrows in the 1970s, when the modern environmental movement had its genesis and Paul Erlich’s “The Population Bomb” was on just about everybody’s bookshelf.

Since then, however, overpopulation has dropped from the vocabulary of most environmentalists despite a near doubling of the world’s numbers to an estimated 6.8 billion people today.


Thu, 2007-06-28 10:44Bill Miller
Bill Miller's picture

Encroaching deserts due to global warming the ‘challenge of our times,’ study says

A UN report has issued a desertification warning saying tens of millions of people could be driven from their homes, particularly in sub-Saharan Africa and Central Asia.

Without action, 50 million people could be displaced within 10 years.

Tue, 2007-04-24 10:48Bill Miller
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Rebuffed at UN, Britain continues world climate-change crusade

Accused of scaremongering for taking climate change before the UN Security Council last week, Britain is standing firm in insisting it’s a global challenge that must not be allowed to degenerate into regional bickering.

Wed, 2007-03-07 10:38Bill Miller
Bill Miller's picture

Asia’s pollution hits global climate harder than previously realized, study finds

Scientists say an “Asian haze” of pollution from rapid industrialization is boosting storms in the Pacific and having profound impacts that may be felt as far away as the Arctic.

 
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