Posted September 23, 2013
Manage Risk, Reap Reward: With Good Rules, Fracking for Natural Gas and Oil Can Be Safe, Profitable
The Columbus Dispatch: When a former U.S. energy secretary tells a Columbus audience that hydraulic fracturing to extract oil and natural gas from shale formations can be done in a clean, safe way, that it’s all a matter of fixing errors in the process, that should inspire confidence.
And that’s obviously great news for Ohio, which has started to benefit economically from advances in this extraction process. Because of the newly accessible supply of natural gas, consumers have seen the cost come down after spiking in 2008, and prices could stay in the current range for decades.
Steven Chu, energy secretary under President Barack Obama from 2009 until this past April and now a Stanford University physics professor, was the keynote speaker on Tuesday at a conference by America’s Natural Gas Alliance. He called it a “false choice” to say that the U.S. has to choose between the environment and inexpensive natural gas.
Read more: http://bit.ly/16tlbKE
Posted September 20, 2013
Encouraging words on shale development via hydraulic fracturing this week from former Interior Secretary Ken Salazar and former Energy Secretary Steven Chu.
First Salazar, who as Interior boss was the lead federal official on access to U.S. onshore and offshore oil and natural gas reserves. From coverage of Salazar at the Domenici Public Policy Conference in Las Cruces, N.M., by the Las Cruces Sun-News:
"(Hydraulic fracturing) is creating an energy revolution in the United States alone," Salazar said. He recognized the concerns many environmentalists have with the process, often called fracking, that pumps high-pressured water into holes drilled in the ground to extract gas and oil. Environmentalists are concerned the process contaminates water and air quality, along with other environmental impacts. "I would say to everybody that hydraulic fracking is safe," Salazar said.
Posted September 13, 2013
Posted September 10, 2013
Let the numbers sink in from a new T2 and Associates study that details the oil and natural gas industry’s investments in technologies to reduce greenhouse gas (GHG) emissions starting with $81 billion – industry’s investment in GHG mitigation technologies between 2000 and 2012.
Posted September 9, 2013
If California Gets Its Act Together on Fracking, An Economic Boom Awaits
Forbes: Alex Epstein -- I live in California, a state where our government is practically bankrupt, businesses are fleeing, and 1.6 million citizens are unemployed. To say the least, our state needs an economic breakthrough.
Fortunately, we are on the verge of one. The state that gave birth to Silicon Valley has the opportunity to become Energy Valley, thanks to a miraculous technology that turns stone into oil.
That technology is called shale oil technology. Governor Brown calls it “an opportunity we can’t miss” because it can single-handedly turn our economy around.
Read more: http://onforb.es/17LLAYn
Posted August 29, 2013
With the proviso that we’re still evaluating proposed new federal standards for offshore oil and natural gas production systems announced last week, the incorporation of a number of industry standards in the proposal is encouraging.
The 149-page proposal from the Bureau of Safety and Environmental Enforcement (BSEE) would update standards that haven’t been changed much since they were first published in 1988.
Posted August 26, 2013
Posted August 15, 2013
North Dakota blogger Rob Port comments on concerns voiced by the state’s mineral resources director: “It’s always been a hard sell to the public at large that North Dakota’s oil boom – the goose laying the golden eggs – isn’t a given. To ensure the boom is something more than a boom-and-bust, the state should be looking at simplifying the tax code.”
The Hill’s Energy & Environment Blog – EPA’s McCarthy: Responsible Natural Gas Production Key to Climate Strategy
EPA Administrator Gina McCarthy, speaking in Colorado: “Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home.”
Posted August 1, 2013
Posted July 16, 2013
From time to time we hear it claimed that the oil and natural gas industry is somehow keeping federal officials from enforcing pertinent environmental laws or exercising due oversight. Conspiracy allegations no doubt make good fundraising fodder and surely boost one’s chances of gaining entrée in certain circles.
Yet, EPA missteps in a handful of recent cases involving natural gas and hydraulic fracturing suggest something else: an agency that sometimes has acted hastily, imprudently, on a foundation of faulty science leading to unfounded conclusions.