Podcast: Play in new window | Download There are three kinds of people in this world: the kind who understand mathematics, and the kind who don’t (Irony alert). You can find the latter buying lottery tickets, leaning over casino tables and conducting news conferences about the new American oil boom. It has become conventional wisdom [...]
Posts Tagged ‘ hydraulic fracturing ’
Expert: Shale Gas Boom a Bubble About to Pop
January 23, 2013
Podcast: Play in new window | Download One of the top geologists in the oil exploration and production business says: 1) shale gas production by hydraulic fracturing (“fracking”) is a commercial failure. Is. Present tense. 2) shale gas will be the next financial “bubble” to collapse. 3) holding out the possibility of energy independence for [...]
Bogus Oil Boom Bogs Down
July 31, 2012
Podcast: Play in new window | Download Here’s a lovely circle of life: global warming caused in large part by burning oil has contributed to a drought that is making it impossible for the oil bidness to sustain its over-hyped oil boom in the Bakken oil shale formation under Montana and North Dakota. And that’s [...]
NPR: The Lost Best Hope
March 9, 2012
Podcast: Play in new window | Download The last bastion of intelligent and balanced journalism in this country is apparently now the lost bastion: on Morning Edition last Wednesday, NPR ran a piece on the oil bidness that was a travesty of journalism. The piece by John Ydstie “reported” on the “huge boom” in US [...]
US Oil Boom Busted
February 15, 2012
Podcast: Play in new window | Download The latest version of “Don’t Worry, Be Happy” being sung by the Big-Oil Tabernacle Choir is a variant of the old favorite, “Drill, Baby, drill.” The new lyric is that we have drilled, baby, drilled (or more accurately, fracked) and that now there is plenty of oil and [...]
The Mother of All Fracking Lies
August 17, 2011
Podcast: Play in new window | Download The claim that not one single water well has been harmed by hydraulic fracturing for natural gas is the anthem of the oil and gas industry as it presses its case to perforate the shale formations of the world without regard for the vital water resources also to [...]
New York Times Explodes Natural-Gas Bubble
June 28, 2011
Once in a great while a newspaper (“The few. The frail. The fading.”) reminds us why we need newspapers, and why we are going to miss them. There are no other institutions left whose purpose (speaking here of the practitioners, not the investors) is to seek the facts and tell the truth. On Friday, the [...]
Fracking Natural Gas: Unreality TV
May 16, 2011
The thing about pathological liars is that they also lie to themselves. Their lies get them into ever deeper trouble, which they attempt to handle by mumbling lies to themselves, which don’t help, which causes them to double down on lies until gravity reasserts itself and the world falls on them. Keep this in mind [...]
Natural Gas, or Drinkable Water? Choose One
May 10, 2011
A new study published by the National Academy of Sciences belies industry assurances that they can retrieve natural gas by hydraulic fracturing without affecting adjacent water supplies. The report provides more evidence that what industry ads portray as a safe source of abundant energy via new technology may in fact be an unacceptable tradeoff between [...]
Are You Fracking (and) Kidding Me?
May 1, 2011
Pennsylvania’s largest practitioner of hydraulic fracturing for natural gas, Chesapeake Energy, has suspended operations in the state — not because of any government action, but voluntarily, after a string of violations, accidents and blowouts. In the most recent and one of the most serious, Chesapeake lost control of a well for more than 12 hours [...]
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