by Chris Martenson, Adam Taggart, Arthur E. Berman, originally published by Peak Prosperity | Feb 12, 2015 As we've written about often here at PeakProsperity.com, much of what's been 'sold' to us about the US shale oil revolution is massively over-hyped. The amount of commercially-recoverable shale oil is much less than touted, returns much less net energy than the petroleum our economy was built around, and is extremely unprofitable to extract for most drillers at today's … [Read more...] about Arthur Berman Interview: Why Today’s Shale Era Is The Retirement Party For Oil Production
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The American Natural Gas Alliance (ANGA), an industry backed front-group, entreats the readers with “We need reliable energy to meet our growing needs. We need clean energy to protect our health and the environment. And we need domestic energy to reduce our reliance on foreign oil and bring jobs to our communities.” The ANGA page features a building with the American Flag painted across its side. ANGA’s members include Chesapeake Energy, Devon, Encana, Cabot Oil & Gas, BG Group, BHP … [Read more...] about AMERICA FOR S(h)ALE
These are emails from the original 'Drilling Down' series that Deborah Rogers participated in. Republished here on the ouster of McClendon from Chesapeake. a passel of leaked industry emails that indicated that industry insiders had known for years that the Shale Gas Game's Voodoo Frackonomics was a bit of a scam from the git-go. When leases or acreage are intentionally oversold, it becomes a sort of ponzi scheme. Or in this case, "A McClendon … [Read more...] about Industry Emails Confirm Most Shale Gas Plays Ponzi Schemes
By about 2020. If one assumes hyperbolic price increases. Note that at $12mcf, gas would be 3X the cost of coal per million Btu. Above $6mcf, there is no economic incentive to switch from coal. Might as well go with wind or solar as replace one fossil fuel with another. http://seekingalpha.com/article/2118153-marcellus-shale-through-a-glass-darkly Moshe Ben-Reuven Long/short equity Profile| Send Message| Follow (26) Marcellus Shale: Through A Glass, … [Read more...] about Marcellus End Times ?
Buck Quigley blew the whistle on how frackers buy frackademics to publish industry PR as academic papers in "shale research". They even boasted about how they did it at an industry conference. Now Bloomberg connects the dots across the country. From the shores of Lake Erie, to deep in the heart of Texas. Here's Prof. Jim Holstun's take on the Shale Shamstitute and the frackademics that shill for it. Here's Prof. Holstun's frackademia bibliography And what might a frackademic look like … [Read more...] about Frackademics in Frackademia
Everyone thinks our elected officials are under some influence of “special interest” money. It’s very apparent in Pennsylvania with the passage of Act 13 – The Marcellus Shale in February 2012. The Votes The PA House vote was 101 YEAS, 90 NAYS. The PA Senate vote was 31 YEAS and 19 NAYS. Yes, it was all along party lines. On Feb. 14, 2012, without cameras, reporters or other fanfare – Gov. Tom Corbett quietly signed ACT 13. ACT 13 dangles a little bit of money to each community in the … [Read more...] about Pennsylvania Legislators Strike GOLD in Shale!
An expose of how the UK government is setting Britain up for a proper fracking. By first ignoring any reports, including peer-reviewed science, that have identified fracking's faults. I went to school in England and co-founded a public company there on the AIM market. Fracking should work just fine provided it's done where there are no shallow water wells, dairy herds, rolling hills, significant rainfall, no population centers nearby, and no indication of any seismic activity. Plus easy road … [Read more...] about Fracking Britain
New York's Nonexistent Environmental Agency New York State lacks an autonomous environmental oversight of shale gas. New York is one of the few states that task its environmental agency, the DEC, with promoting drilling. This compromises the DEC’s effectiveness as an environmental agency. New York is the only shale gas state that does not tax gas production, leaving its regulatory agency chronically under-staffed. The regulations are written by the industry. The DEC deviates from the … [Read more...] about No Environmental Oversight Of Shale Gas
Following the downgrade of the Marcellus in New York by 90%, the Monterey Shale Scam just took a 95% haircut. Imagine that. An over-hyped shale play that's been royally over-hyped by shale shills. What a concept. More incredible shrinking shale. The EIA has cut its original estimate of recoverable shale oil reserves in California's much-hyped Monterey shale play by 96%, the L.A. Times' Louis Sahagun reported late Tuesday. The agency now says there are just 600 million barrels of … [Read more...] about Incredible Shrinking Monterey Shale – Downgraded by 96%
The Shale Shamstitute, which was set up based on a proposal by Dennis Holbrook of Norse Energy, has now followed its funding source - Norse Energy - into the dumper. Of all the frackademic fronts, the University of Buffalo's Shale Shamstitute was probably the most transparently bought - designed from the outset to be a fracking front. Prof. Jim Holstun was instrumental in exposing that. As was Buck Quiqley at Art Voice. Buck's obit on the … [Read more...] about UB Shuts Shale Shamstitue