Skip to comments.Shale boom at risk over environmental issues - IEA
Posted on 05/30/2012 7:22:12 AM PDT by thackney
Global exploitation of shale gas reserves could transform the world's energy supply by lowering prices, improving security and even curbing forecast carbon dioxide emissions, but the industry might be stopped in its tracks if it doesn't work harder to resolve concerns over its environmental safety, the International Energy Agency (IEA) said Tuesday.
The IEA's report shows how the shale gas industry, which has already dramatically altered the energy landscape in the US, stands at a tipping point that will determine how it spreads across the rest of the world.
"If the social and environmental impacts aren't addressed properly, there is a very real possibility that public opposition...will halt the unconventional gas revolution in its tracks," resulting in the loss of an historic opportunity to provide cheaper and more secure energy to the some of the world's largest consumers, said IEA executive director Maria van der Hoeven at a press briefing.
However, if the industry follows a set of "golden rules" recommended by the IEA it can win public support, allowing natural gas to become the fastest growing energy source over the next two decades, the IEA said.
For companies involved in the industry, this is an, "immediate issue...that could have global implications," said Fatih Birol, the IEA's chief economist, in an interview with Dow Jones Newswires.
Shale gas has only become a major energy source in recent years, as a process called hydraulic fracturing that releases the gas from the impermeable rock in which it is trapped has entered widespread use. It has already produced a boom in natural gas production in the US, driving prices to 10-year lows, but is only beginning to spread elsewhere.
Hydraulic fracturing has been banned in France and Bulgaria and temporarily halted in the UK.
(Excerpt) Read more at hydrocarbonprocessing.com ...
American way of life
Shale boom at risk over environmental issues - IEA
There fixed it.
I would assume the IEA is a UN agency so what about US sovereignty? Why isn’t this agency jumping all over China for their abysmal environmental record in energy development? Just another reason why we should tell the UN to pound sand.
Real story: Arab and Russian oil revenue at risk if shale industry is allowed to continue.
Liberals are terrified that the economy might rebound if the shale gas industry is allowed to continue, putting their socialist takeover of the US in jeopardy.
I did give up ironing to do my part.
But give up my electric auto shut off coffee pot....NEVER !!!
Can stick it where the sun don't shine.
The threat is not really environmental or “social”; it is political. Despite pumping untold billions of dollars of taxpayer funds into the biggest scam in the history of the world... the leftist’s dream of destroying economies with bogus claims about CO2 causing global warming is starting to falter. Now that the energy sector has started perfecting ways to harvest immense reserves of natural gas and oil using "fracking" techniques... the entire scheme is about to unravel. Expect hysterical reactions of epic proportions!
There are no environmental impacts that they’ve been able to substantially document. And the only social impact has been to lift many rural residents of Appalachia and the Rust Belt out of poverty for the first time in three or four decades.
If the citizens of France and Bulgaria and the UK are willing to pay twice the going rate for energy because they ban fracking, I say let them — some errors are self punishing.
There is a new method of fracking that does not use water or chemicals and is not polluting. You may hear of it soon. You might even find it on google. It is called ‘magic fracking’
“So, what exactly is “cleanfrack”... and why did it win the 2011 World Shale Gas Award for Technological Innovator?”
I believe the small company who invented this new process is called, ‘Petrotech’ It is called ‘cleanfrack’ and also ‘magic frack’ I did not find it on google yet. You will soon hear about it as NY state has approved its use and they had banned hydrolicfracking.
” Liberals are terrified that the economy might rebound if the shale gas industry is allowed to continue, putting their socialist takeover of the US in jeopardy.”
That is why Obama will kill it if he wins again.
When it comes to environmental extremism, there is nothing that anyone can do to ever satisfy concerns.
So exactly who wants how much gold now?
I think you might be buying into an small stock "pump and dump" scheme without checking actual facts outside of a source pushing a specific stock.
Sometimes, only sometimes, they are satisfied if you cease to exist.
Every time someone develops an alternative to heavy oil, the enviro-terrorists find a way to block it. Nuclear power is the cleanest, cheapest alternative to coal and oil fired power plants, but it is the number one target of enviro-terrorists. All it takes is a bit of common sense not to locate the nuke plants on a fault line or a high risk coastal area and the risk is very minimal. They could eliminate every fossil power plant in North America in 20 years if they permitted the nuclear power industry to develop. They don’t want clean energy, they want a basis to extort money from the west to prop up third world dictators and themselves.
You just got my vote for Post of the Century.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.