fracking

Obama’s Bipolar Approach To Energy And Climate Change

With less than two years to go in office, President Obama has already sealed his fate with regards to his legacy on climate change.

When historians look back and assess his actions on what could be one of the biggest issues of his presidency, they will undoubtedly be using the term “disappointing” quite a bit.

The main problem is not that he has ignored the issue as his predecessor, President George W. Bush, did; it is that he has consistently said one thing about the threat of climate change and then done the exact opposite of what he has called for.

“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global

A new report showing the U.S. overtaking Russia as the leading producer of oil and gas in the world should put to rest any doubt that the fracking revolution that has occurred in the U.S. is for real, or as BP’s chief economist put it, “profound.”

And now with the recent Environmental Protection Agency report on the impacts of fracking on drinking water being touted by the American Petroleum Institute as proof that fracking is safe, the industry’s insatiable greed got another boost. More recently,  the Harvard Business School has also joined in the discussion calling for the end of the ban on exporting U.S. crude oil and warning about the implications of missing the “opportunity” offered by fracking.

Mexico and American Oil Companies Want a Crude Swap to Open Loophole in the Oil Export Ban

As politicians from oil-producing states work to draw up bills to end the ban on oil exports, Mexican officials are “confident” that the country will soon be importing American crude through a backdoor loophole in the law.

Back in January, Mexico applied for a crude swap that, if approved, would allow the U.S. to export 100,000 barrels of oil per day to Mexico. This would be unrefined crude — refined products such as diesel and gasoline are not subject to the ban — likely from the Eagle Ford and Permian shale fields, where fracking has produced a glut of light, sweet crude in recent years.

Lawsuit Forces Government To Disclose Extent Of Offshore Fracking In Gulf of Mexico

In August of last year, 21.6 million acres of the Gulf of Mexico were auctioned off to the dirty energy industry so that they could expand their offshore fracking activities in an area that was still reeling from the effects of the 2010 Deepwater Horizon oil spill.

As DeSmog’s Steve Horn reported at that time, many of the leases sold by the government in August were located in the Lower Tertiary Basin, an area defined by hard-to-penetrate rock where the crude is located in deep water, making the practice of hydraulic fracturing exceptionally risky and prone to environmental disaster.

ExxonMobil ‘Nimby’ CEO Makes Fresh Calls for Fracking in Europe

Rex Tillerson, chief executive of ExxonMobil, the world’s largest oil company, has called for European governments to support fracking, despite being called out as a ‘nimby’ last year.

Speaking at the World Gas Conference in Paris this week, he claimed that the large number of wells already fracked in the US and Canada have proven that the technology is safe.

However, just last year, Tillerson joined a lawsuit citing fracking’s consequences in order to stop the construction of a 160-foot water tower as it would harm the value of his $5 million home in Texas.

EPA Study: Fracking Puts Drinking Water Supplies at Risk of Contamination

The Environmental Protection Agency has released its long awaited draft assessment of the impacts that fracking has on the nation's drinking water supplies — confirming that the process does indeed contaminate water.

“From our assessment, we conclude there are above and below ground mechanisms by which hydraulic fracturing activities have the potential to impact drinking water resources,” the EPA wrote.

The impacts take a variety of forms, the EPA wrote, listing the effects of water consumption especially in arid regions or during droughts, chemical and wastewater spills, “fracturing directly into underground drinking water resources,” the movement of liquids and gasses below ground “and inadequate treatment and discharge of wastewater.”

The agency wrote that it had documented “specific instances” where each of those problems had in fact happened and some cases where multiple problems combined to pollute water supplies.

Will Re-Fracking be the Shale Drilling Industry's Next Big Move?

With oil prices continuing to languish, companies like Halliburton and Schlumberger have started talking up a way to get more shale oil and gas for less money: re-fracking wells drilled over the past 10 years, kick-starting flagging production and pumping out more shale oil and gas while spending less than the cost of a new well.

Excitement has spread among oil companies and investment analysts alike.

Breaking: No Action Taken on a Proposal to Repeal Denton, Texas Fracking Ban

Julie Dermansky

Denton's city council decided not to vote on a repeal of the city's fracking ban, after almost six hours of discussion on the topic at a public meeting last night. 

The vote to repeal the ban was called for shortly after Texas Governor Greg Abbott singed HB40 into law, making Denton’s fracking ban illegal. 

Breaking: Citizens Arrested While Defending Denton, Texas Fracking Ban

Three members of the Denton Drilling Awareness Group were arrested when they refused to move away from the entrance to a fracking site where work began today.

Before arresting them, however, Sergeant Jenkins, a 30-year veteran of the Denton police department, thanked Adam Briggle, a professor at the University of North Texas, and Denton residents Niki Chochrek and Tara Linn Hunter for the work they had done. 

Wave of Fracking Applications Submitted Since Conservative Election Win

Since the Conservatives won a majority in the general election just over three weeks ago, there has been an increase in the number of planning applications submitted relating to hydraulic fracturing.

This observation comes after a marked rise in the share price of many fracking companies since fracking-friendly Amber Rudd was selected as secretary of state for the Department of Energy and Climate Change.

And while fracking did not get a direct mention in the Queen’s speech on Wednesday, it was noted that “measures will be introduced to increase energy security and to control immigration.”

Pages

Subscribe to fracking