flaring

Sun, 2012-04-01 16:22Steve Horn
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Investors: No More Flaring of Fracked Oil and Gas in Bakken Shale

The debate over flaring unconventional oil and gas in shale basins across the United States has suddenly heated up immensely (excuse the bad pun). 

On March 27, the Coalition for Environmentally Responsible Economy (CERES) penned a letter calling for an end to the practice, writing,

We are a group of 37 investors, representing $500 billion in total assets, who areconcerned about the financial risks associated with the flaring of natural gas that has accompanied fast-proliferating oil production from shale formations in North Dakota, Texas and elsewhere in the U.S.

We are concerned that excessive flaring, because of its impact on air quality and climate change, poses significant risks for the companies involved, and for the industry at large,ultimately threatening the industry’s license to operate.

As you know, shale oil production, made possible by hydraulic fracturing technology,...is poised to become the world’s largest oil producer in the next five years, with nearly all of this projected growth coming from shale oil. ...

On a lifecycle basis, emissions from oil produced with high flaring rates may be comparable to those from Canada’s vast oil sands region.

The letter ended by calling for the building up of proper infrastructure, such as pipelines and refineries, in order to push for an eliminiation of the dirty practice. CERES concluded the letter with a firm request, stating, "We therefore are writing to request information about the amount your company is currently flaring, as well as details about your plans to reduce flaring at existing wells and prevent it at future wells."

Letter signarories included As You SowPresbyterian Church (USA)Turner Investments, and Praxis Mutual Funds, to name several.

North Dakota the New Nigeria? 

Nigeria has been ravaged at the hands of gas flaring. Will North Dakota's Bakken and other shale basins go the way of the Niger Delta?

The evidence is a bit ominous.

For example, gas flared in the Bakken, like in Nigeria, can be seen from outer space, a stark portrayal of the vast amount of gas being flared off in North Dakota on a daily basis.

So, kudos to CERES for taking on this fight. If you're going to drill it, use it. If not, leave it in the ground.

Life for humanity on earth as we know it, after all, depends on it.

Tue, 2012-03-20 14:03Steve Horn
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Obama Sojourns to "Pipeline Crossroads of the World" for Campaign Speech

It's the multi-pronged fight that never seems to end.

The Alberta Tar Sands have been near the forefront of the North American energy and climate debate, thanks in large part to growing public concern and grassroots efforts like Tar Sands Action, a campaign led by climate activists to block construction of the Keystone XL pipeline.

The temporary derailing of Keystone XL by President Obama - who in January delayed permission to construct the pipeline for the foreseeable future - was labeled a "victory" by many activists. 

But complicating the "victory" narrative, Obama later granted permission to TransCanada Corporation to build the southern segment of the pipeline, the Cushing Extension, sometimes also referred to as the Cushing Marketlink Project, which will run from Cushing, Oklahoma to Port Arthur, Texas

Pandering to Big Oil, Obama will visit Cushing on Thursday, the self-proclaimed "Pipeline Crossroads of the World," to give a stump speech for his 2012 election campaign.

The Stillwater News Press explained the rationale for the visit this way:

The White House has announced the president will be in Cushing Thursday to discuss his 'all-of-the-above' energy policy...Thursday appears to some locals as an opportune time for Obama, who said he supports the southern leg, to get on board on the northern segment of the 36-inch pipeline from Canada.

CBC News reports that "Obama will make a speech at a storage yard that's holding pipes to be used to build the pipeline." 

As the old adage goes, "A picture is worth a thousand words." 

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