A link and a jpg uploaded and posted here would do the trick.Originally Posted by barrym
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
A link and a jpg uploaded and posted here would do the trick.
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
That would make the Energy Returned On Energy Invested (EROEI) for fracked shale gas even smaller and fracking absolutely unattractive in Europe at current stage.
Also => Fracking - A Boom and Bust
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
BTW. Here is more "rant":
[ame="http://www.youtube.com/watch?v=5SaD2jdlA_g"]ARD - Munich - Fracking German Report - contaminated lands, cancer (English Sub) - YouTube[/ame]
[ame="http://www.youtube.com/watch?v=rXHI2jSg5pM"]TEDX — Chemicals in Natural Gas Operations - YouTube[/ame]
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
And more "rant"...
After the Boom in Natural Gas (New York Times, 20 October 2012)
...
The drillers punched so many holes and extracted so much gas through hydraulic fracturing that they have driven the price of natural gas to near-record lows. And because of the intricate financial deals and leasing arrangements that many of them struck during the boom, they were unable to pull their foot off the accelerator fast enough to avoid a crash in the price of natural gas, which is down more than 60 percent since the summer of 2008.
Although the bankers made a lot of money from the deal making and a handful of energy companies made fortunes by exiting at the market’s peak, most of the industry has been bloodied — forced to sell assets, take huge write-offs and shift as many drill rigs as possible from gas exploration to oil, whose price has held up much better.
Rex W. Tillerson, the chief executive of Exxon Mobil, which spent $41 billion to buy XTO Energy, a giant natural gas company, in 2010, when gas prices were almost double what they are today, minced no words about the industry’s plight during an appearance in New York this summer.
“We are all losing our shirts today,” Mr. Tillerson said. “We’re making no money. It’s all in the red.”
Like the recent credit bubble, the boom and bust in gas were driven in large part by tens of billions of dollars in creative financing engineered by investment banks like Goldman Sachs, Barclays and Jefferies & Company.
After the financial crisis, the natural gas rush was one of the few major profit centers for Wall Street deal makers, who found willing takers among energy companies and foreign financial investors.
Big companies like Chesapeake and lesser-known outfits like Quicksilver Resources and Exco Resources were able to supercharge their growth with the global financing, transforming the face of energy in this country. In all, the top 50 oil and gas companies raised and spent an annual average of $126 billion over the last six years on drilling, land acquisition and other capital costs within the United States, double their capital spending as of 2005, according to an analysis by Ernst & Young.
Now the gas companies are committed to spending far more to produce gas than they can earn selling it. Their stock prices and debt ratings have been hammered.
“We just killed more meat than we could drag back to the cave and eat,” said Maynard Holt, co-president of Tudor Pickering Holt & Company, a Houston investment bank that has handled dozens of shale deals in the last four years. “Now we have a problem.”
...
Confirming again what I wrote in Fracking - A Boom and Bust.
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Pennsylvania Alliance for Clean Water and Air
List of the Harmed
The following is an ever-growing list of the individuals and families that have been harmed by fracking (or shale gas production) in the US.
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
UK public favours wind turbines over shale gas wells, poll finds (The Guardian, 23 October 2012)
More than two-thirds of people would rather have a wind turbine than a shale gas well near their home, according to a new opinion poll published on Tuesday.
Asked to choose between having the two energy sources within two miles of their home, 67% of respondents favoured a turbine, compared to just 11% who would support the gas development.
The findings of the UK-wide ICM survey shows that only nuclear power and coal are less popular than shale gas developments.
The ICM poll, together with a second new poll from YouGov, show public opinion is against George Osborne's push for a new "dash for gas" as the central plank of the government's energy policy.
Now isn't that a surprise?
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Growing resistance against fracking in the US => 5 States Leading The Fight Against Fracking
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Pennsylvania's Gas Boom Explained
http://www.washingtonpost.com/blogs/...d-some-poorer/For states such as Pennsylvania, there are pros and cons. On the plus side, all that production creates thousands of jobs and boosts income for locals. Residents with land that’s suitable for drilling can sign over their mineral rights to a gas company. In exchange, they can receive up to thousands of dollars up front, as well as royalties on the gas that’s extracted. For some landowners, that can mean tens of thousands of dollars or more.
Ideally, in trying to craft regulations around gas drilling, state governments would try to balance those risks against the benefits. So far, however, those risks have been fairly difficult to quantify. That’s what makes this new NBER working paper by Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins so interesting. The authors try to look at how shale-gas drilling has affected property values around drilling sites in Pennsylvania. Doing so, they say, can help give a better sense of how to tally those upsides and downsides.
Now, the authors are very careful to note that this paper is far from the final word on natural-gas regulations. (Property values are only one slice of the economy, and there are other environmental considerations, like air pollution, that aren’t studied here.) But it does suggest that there’s an economic case for more careful oversight of groundwater contamination risks.
Further reading:
— How states are regulating fracking, in one map. Note that there’s a lot of variation between states.
http://www.washingtonpost.com/blogs/...cking-in-maps/
— The International Energy Agency made the case for why regulating fracking could be cheaper than the alternatives
http://www.washingtonpost.com/blogs/...UKzU_blog.html
— Here’s a decent overview (pdf) from New Scientist looking at the potential health risks from fracking, including groundwater contamination. There’s not a lot of firm evidence either way, mainly because “studies are few and hard to interpret.”
As a general rule the most successful man in life is the man who has the best information. Benjamin Disraeli
Secrecy is for losers. For people who do not know how important the information really is.
Daniel Patrick Moynihan - Secrecy: The American Experience (1998)
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
The dream that the US could become independent from fuel imports by 2030 due to domestic shale gas is facing reality. The natural gas production in the states is already declining => The murky future of U.S. shale gas
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Warning over social downsides of fracking (The Irish Times, 6 November 2012)
Ireland needs to guard against the “boomtown effect” of a go-ahead for large-scale fracking, according to the Canada-based Irish author of a major report on the issue.
This effect can include increased crime, drug and alcohol abuse, sexually transmitted diseases and domestic violence, says Eilish Cleary, chief medical officer in the province of New Brunswick.
Other impacts can include housing shortages, increased cost of living and strains on hospitals, infrastructure and social services.
Dr Cleary is the author of a recent report on the possible health effects of hydraulic fracturing (“fracking”) in New Brunswick, which is about the size of Ireland but with a population of less than one million.
She says there are many similarities between Ireland and the Canadian province. Both areas have experienced “boom and bust” economies in recent years and are attracting interest from the fledgling fracking industry.
“The public debate about fracking in Canada is polarised and there isn’t a lot of factual information available. I wanted to put down what we knew about the health impacts and to identify what we don’t know,” she said.
...
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Battle for Fracking Public Perception Lost, Says Gas Industry Insider
The gas industry has not done itself any favors by downplaying the risks associated with fracking, something the industry is apparently just realizing. Labeling affected citizens ‘fracktivists’ or ‘uneducated’ in order to delegitimize their complaints has only emphasized the industry’s callousness and inability to respond to real fears in a meaningful way. People trust the industry less than ever before, and with increased drilling across the globe, discontent is becoming even more widespread.
Now, after more than a decade of reckless drilling mishaps and a strengthening anti-fracking movement, the industry is willing to admit they’ve lost the public perception battle. From the outside this looks like a perfect opportunity for the industry to become more transparent and accountable. Instead this admission has only strengthened the industry’s resolve to up the communications ante.
...
"Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realize that we cannot eat money."
"We do not inherit the earth from our ancestors, we borrow it from our children."
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
NY anti-fracking candidates fared poorly at polls
http://www.businessweek.com/ap/2012-...oorly-at-pollsALBANY, N.Y. (AP) — Anti-fracking candidates in the Southern Tier were beaten up and down the ballot after intense campaigns, some of which were framed as referendums on shale gas development.
In the 22nd Congressional District, Republican Richard Hanna, an incumbent whose district was redrawn, beat Dan Lamb, a first-time candidate who was endorsed by New York Residents Against Drilling. In another redrawn district, the 23rd, Democratic challenger Nate Shinagawa lost by about 10,000 votes to incumbent Tom Reed. Shinagawa was also endorsed by opponents of hydraulic fracturing, or fracking, for natural gas.
In the Broome County executive race, Democrat and anti-drilling activist Tarik Abdelazim lost to incumbent Debbie Preston, a strong drilling supporter.
As a general rule the most successful man in life is the man who has the best information. Benjamin Disraeli
Secrecy is for losers. For people who do not know how important the information really is.
Daniel Patrick Moynihan - Secrecy: The American Experience (1998)
Senior Member
Re: Fracking and the Environment: Exploration licenses granted to search for shale gas in Lough Allen area
Being defeated in local elections by canditates from multi millions spending major media appearing political hacks, coinciding with a two-horse (as usual...) presidential election doesnt seem like such a big suprise to me.
cynical attempts to say those same electoral defeats represent the popular opinion on fracking is really just simplification of the myriad of reasons people vote for a candidate and really, manipulation, dont ye think?
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