How Wall Street Got Fracked

How Wall Street Got Fracked

Whose Is Getting Fracked Now ? by Wolf Richter • August 24, 2015 WOLFSTREET Chesapeake Energy, the second largest natural gas producer in the US, after Exxon, is the biggest exclamation mark in a special Fed-designed phenomenon: for years, QE-besotted, ZIRP-blinded, yield-hungry investors kept… ...
Chip Northrup Chip Northrup 4 days ago
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Petro Produce !

Petro Produce !

Frackinberries ! ...
Chip Northrup Chip Northrup 5 days ago
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Methane Madness: The Fracking Way to Climate Change

Methane Madness: The Fracking Way to Climate Chang…

Methane - the new way to cook a small planet.… ...
Chip Northrup Chip Northrup 5 days ago
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Repubulican Presidential Debate Remix !

Repubulican Presidential Debate Remix !

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Chip Northrup Chip Northrup 7 days ago
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Fracking Mexicans: How Hillary Fracked Mexico

Fracking Mexicans: How Hillary Fracked Mexico

I now have a follow up investigative piece* published, a part two out of the ongoing series, on the role the U.S. played to usher in constitutional amendments and subsequent privatization of the oil/gas/electricity sector in Mexico. This scheme will beget more fracking, deepwater offshore drilling,… ...
Chip Northrup Chip Northrup 7 days ago
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How Wall Street Got Fracked

August 24, 2015
How Wall Street Got Fracked

Whose Is Getting Fracked Now ? by Wolf Richter • August 24, 2015 WOLFSTREET Chesapeake Energy, the second largest natural gas producer in the US, after Exxon, is the biggest exclamation mark in a special Fed-designed phenomenon: for years, QE-besotted, ZIRP-blinded, yield-hungry investors kept funding an industry that dished out nothing but hype, false hopes, and losses. Two natural gas producers have already thrown in the towel: Quicksilver Resources filed for Chapter 11 bankruptcy in March, listing $1.21 billion in assets and $2.35 billion in debts. Much larger Samson Resources has scheduled its date with bankruptcy court for September 15. In 2007, the hype around fracking for natural gas got started in earnest, and billions poured into the industry month after month. The price of natural gas soared, and by […]

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Petro Produce !

August 23, 2015
Petro Produce !

Frackinberries !

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Fracking Mexicans: How Hillary Fracked Mexico

August 21, 2015
Fracking Mexicans: How Hillary Fracked Mexico

I now have a follow up investigative piece* published, a part two out of the ongoing series, on the role the U.S. played to usher in constitutional amendments and subsequent privatization of the oil/gas/electricity sector in Mexico. This scheme will beget more fracking, deepwater offshore drilling, flood the electricity grid with imported U.S. fracked gas and open the door for U.S./international oil/gas companies to come in and profit from doing it. This article focuses on how the US Department of Trade/US Department of Commerce has actively promoted and acted as a mediator for U.S. companies to cash in on the privatization scheme the U.S. State Department helped create for oil/gas/electricity in Mexico. This evidence has surfaced and seems to fly in the face of the claim of Mexico’s Energy Secretary that privatization, reacting to DeSmog’s […]

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GOP Clowns Frack Themselves In Tag Team Clusterfrack

August 13, 2015
GOP Clowns Frack Themselves In Tag Team Clusterfrack

One fracking gashole at a time . . . on Twitter, on Fox, on stage, at state fairs, on talk shows. The winner of the Republican Clown Clusterfrack is coming soon to a voting booth near you, real soon. You’ll know what to do. Matt Taibbi hit the road with the Republican Party circus. (illustration: Victor Juhasz) Inside the GOP Clown Bus By Matt Taibbi, Rolling Stone 12 August 15 On the campaign trail in Iowa, Donald Trump’s antics have forced the other candidates to get crazy or go home he thing is, when you actually think about it, it’s not funny. Given what’s at stake, it’s more like the opposite, like the first sign of the collapse of the United States as a global superpower. Twenty years from now, […]

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When Your Fracked Water Well Explodes…sue the frackers !

August 11, 2015
When Your Fracked Water Well Explodes...sue the frackers !

Man Permanently Disabled by Fracked Water Well Explosion Eric W. Dolan 10 Aug 2015 at 15:22 ET                    Don’t miss stories. Follow Raw Story!  Follow @rawstory A Texas family suffered serious burns and injuries after a water well exploded because it was contaminated from a nearby fracking operation, according to a lawsuit filed in Dallas County Court. Cody Murray, the 38-year-old husband of the family of four, sued EOG Resources, Fairway Resources LLC and three Fairway subsidiaries last week, according to Courthouse News Service. The lawsuit states that Murray suffered severe burns on his arms, upper back, neck, forehead and nose along with “significant neurological damage” — leaving him permanently disfigured and disabled. Murray’s father, wife, and 4-year-old daughter were also injured […]

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PA Fracking Jobs: How To Lie With Statistics

August 11, 2015
PA Fracking Jobs:  How To Lie With Statistics

Misleading Fracking Job Numbers Exposed In Pennsylvania   Last week Pennsylvania changed the way it counts jobs associated with the Marcellus Shale industry. By Marie Cusick, www.stateimpact.npr.orgJune 18th, 2015 Somehow Pennsylvania lost 160,000 gas industry jobs overnight. What happened? Did drillers flee at the specter of a new tax on production? Not quite. Although companies have been laying off workers and cutting costs– lackluster market conditions don’t explain this shift. Instead, it was a decision made under Governor Wolf’s new administration. Last week the state Department of Labor and Industry quietly changed the way it tracks employment in the Marcellus Shale industry. “Those numbers were a joke,” says John Hanger, Wolf’s secretary of planning and policy. ”The errors were so glaring, they had to be changed.” Wolf’s predecessor Tom Corbett, a Republican, often credited […]

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Industry’s Big Fracking Lie: How The Petroleum Industry Conspired to Hide the Truth About Climate Change

August 9, 2015
Industry's Big Fracking Lie:  How The Petroleum Industry Conspired to Hide the Truth About Climate Change

 Of course, this could have NEVER been pulled-off without the help of complicit political leaders…like Ronald Reagan, and every republican president that has followed afterwards. The Climate Deception Dossiers Internal fossil fuel industry memos reveal decades of disinformation—a deliberate campaign to deceive the public that continues even today. Download Full report For nearly three decades, many of the world’s largest fossil fuel companies have knowingly worked to deceive the public about the realities and risks of climate change. Their deceptive tactics are now highlighted in this set of seven “deception dossiers”—collections of internal company and trade association documents that have either been leaked to the public, come to light through lawsuits, or been disclosed through Freedom of Information (FOIA) requests. Each collection provides an illuminating inside look at this coordinated […]

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13 Arrested at Crestwood Blockade While Reading Pope Francis’ Encyclical on Climate Change

August 8, 2015
13 Arrested at Crestwood Blockade While Reading Pope Francis’ Encyclical on Climate Change

Sandra Steingraber | August 4, 2015 12:58 pm | Comments Early this morning, in a peaceful civil disobedience action against gas storage in Seneca Lake salt caverns, which took place the day after President Obama announced the Clean Power Plan to move the nation away from fossil fuels, 13 people from six New York counties were arrested while reading verses from Pope Francis’ recent encyclical letter on climate change. Just after dawn, the 13 formed a human blockade at the north and south entrances of Crestwood Midstream’s gas storage facility on Route 14, preventing all traffic from entering or leaving and began their reading. Joining the pontifical read-aloud was the Rev. John D. Elder, former pastor of the historic First Church in Oberlin, Ohio and present part-time resident of Schuyler County. Rev. Elder was not arrested. Large […]

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