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Earthquakes, Water Pollution and Increased Greenhouse Gas Emissions? Fracking - Strike Number Three?
oilprice.com ^ | 19/12/2011 | John C.K. daly

Posted on 12/19/2011 6:38:20 PM PST by bananaman22

The last decade has seen a sustained campaign by the hydraulic fracturing (‘fracking”) industry against its critics, as the fracking industry in the U.S. alone was worth an estimated $76 billion in 2010 and is projected to grow to $231 billion in 2036 if only those pesky environmentalists can be sidelined. According to Washington’s energy Information Administration, production of shale gas in the United States in 2010 totalled 4.87 trillion cubic feet (tcf) compared with 0.39 tcf only a decade earlier.

The combination of horizontal drilling and hydraulic fracturing has already transformed North America's natural gas market in less than half a decade. In 2000 shale gas was 1 percent of America's gas supplies; today it is 25 percent. While U.S. energy companies began fracking for gas in the late 1990s, there was a dramatic increase in 2005 after the administration of President George W. Bush exempted fracking from regulations under the U.S. Clean Water Act. According to Washington’s energy Information Agency, shale gas production has grown 48 percent annually.

But there still some snakes to be chased from the industry’s campaign to convince the electorate that natgas produced by fracking is safe, as on 8 December the Environmental Protection Agency said for the first time it found chemicals used in fracking in a drinking-water aquifer in west-central Wyoming.

Soothing the electorate, the industry group Energy in Depth reported, “The history of fracturing technology’s safe use in America extends all the way back to the Truman administration, with more than 1.2 million wells completed via the process since 1947.”

And the feds are backing fracking as well, as a new estimate from the U.S. Department of Energy, estimates that the national gas resource can be sustained for 110 years at current consumption rates.

Numbers?

In 2009 an industry-financed study reported that 622,000 people are directly involved in the discovery, extraction and distribution of U.S. natural gas.

As for “insider” influence, in 2005 former Vice President Dick Cheney, in partnership with the energy industry and drilling companies such as his former employer, Halliburton Corp., successfully pressured Congress to exempt fracking from the Safe Drinking Water Act, the Clean Air Act and other environmental laws. Full article at: Earthquakes, Water Pollution and Increased Greenhouse Gas Emissions? Fracking - Strike Number Three?


TOPICS: Business/Economy; Conspiracy; Miscellaneous
KEYWORDS: dickcheney; fracking; halliburton; naturalgas

1 posted on 12/19/2011 6:38:30 PM PST by bananaman22
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To: bananaman22

You post exclusively from this blog but never comment.

What is your take on this?


2 posted on 12/19/2011 6:40:55 PM PST by Larry Lucido
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To: thackney

Ping.


3 posted on 12/19/2011 6:42:07 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: bananaman22

What about all the destruction to women and minorities? Man, they’re slipping.


4 posted on 12/19/2011 6:42:32 PM PST by Track9
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To: bananaman22
While U.S. energy companies began fracking for gas in the late 1990s

Not true. Hydraulic Fracturing of gas fields happened long before that. But in the 1990's George Mitchell began applying it to a shale field. Then Devon added steerable horizontal drilling and made the real difference.

5 posted on 12/19/2011 7:04:56 PM PST by thackney (life is fragile, handle with prayer)
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To: bananaman22

Frac you.


6 posted on 12/19/2011 7:06:06 PM PST by jdsteel (Give me freedom, not more government.)
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To: jdsteel

just wait until someone gets sucked down the fracking hole


7 posted on 12/19/2011 7:11:44 PM PST by molson209
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The EPA ‘report’ on the Wyoming wells is misleading on it’s face and intentionally so. The wells in WY are monitoring wells drilled by the EPA and into gas-bearing pockets. Even the EPA says the wells are not comparable to any other place in the US and that the ‘contamination’ is below allowable levels.


8 posted on 12/19/2011 7:28:21 PM PST by white17x
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To: white17x
If those are the wells I'm thinking of, the fracking didn't cause the contamination, but rather dumping out the salt water used in fracking on the ground rather than either hauling it off or evaporating it and disposing of the salt properly.
9 posted on 12/19/2011 9:04:29 PM PST by KarlInOhio (Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
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To: Larry Lucido; humblegunner; ApplegateRanch
You post exclusively from this blog but never comment.

What is your take on this?

Blog pimp extraordinaire, with a liberal mentality.

Some get away with it, some don't.

10 posted on 12/20/2011 4:06:10 AM PST by Graybeard58 (No Obama, No Romney, No Paul, No Huntsman. We can do better than that!)
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