singular_me
23rd May 2014, 05:37 AM
I for one believe that fracking is a major culprit in california drought.... It takes between 3 and 11 million gallons of water (mainstream conservative numbers, lies most likely) to frack a well
driving down household bills, creating jobs while destroying the environment, indeed, sounds like a plan.
-----------------------------------------------------------
California could be next oil boom state - Jan. 14, 2013 - CNN
Vast Oil Reserve May Now Be Within Reach Feb 3, 2013- NYT
California's Fracking Boom Just Got Busted
Wednesday, 21 May 2014 16:58
‘Energy Information Administration officials told reporters on Wednesday that they are cutting their estimate of how much oil can be drawn out of California’s massive Monterey Shale formation by a whopping 96 percent.
The news deals a serious blow to the fracking industry and has environmentalists cheering as momentum builds behind a legislative effort to put a moratorium on fracking in California. The estimate will be released publically next month, according to reports.
In 2012, the federal officials estimated that 13.7 billion barrels of oil could be recovered from the Monterey Shale. The EIA now says that only 600 million barrels of oil can be recovered using existing technologies such as acid treatment and fracking, the controversial oil and gas technique that involves forcing millions of gallons of water laced with silica and chemicals deep underground to break up rock formations.’
http://truth-out.org/news/item/23855-californias-fracking-boom-just-got-busted
The promise of fracking in California’s large Monterey Shale deposits was intoxicating: 13.7 billion barrels of oil, as estimated by the U.S. Energy Information Administration, were recoverable with existing technology, enough to bring 2.8 million new jobs to the state and boost tax revenue by $24.6 billion per year.
But the independent firm hired to evaluate the shale back in 2011 made the very incorrect assumption that the Monterey deposits would be as easy to tap as those in North Dakota and Texas — and that turns out not to be the case. A new, revised estimate slashes that promise by 96 percent, putting the amount of recoverable oil at only 600 million barrels.
The L.A. Times, which first reported the news, calls it “a blow to the nation’s oil future” — the Monterey Shale contains about two-thirds of the nation’s shale oil reserves:
http://www.salon.com/2014/05/21/fracking_in_californias_monterey_shale_will_recove r_96_percent_less_oil_than_thought/
----------------------------
22 May 2014
Fracking planned for Tory heartlands as report reveals billions of barrels of shale oil in southern England
Ministers are also preparing to publish controversial plans to change the laws of trespass to give energy companies an automatic right to frack beneath homes and private land – even if owners object.
They hope that the introduction of fracking to Britain will spark an energy revolution which will drive down household bills as has happened in America.
http://www.telegraph.co.uk/earth/energy/fracking/10850529/Fracking-planned-for-Tory-heartlands-as-report-reveals-billions-of-barrels-of-shale-oil-in-southern-England.html
driving down household bills, creating jobs while destroying the environment, indeed, sounds like a plan.
-----------------------------------------------------------
California could be next oil boom state - Jan. 14, 2013 - CNN
Vast Oil Reserve May Now Be Within Reach Feb 3, 2013- NYT
California's Fracking Boom Just Got Busted
Wednesday, 21 May 2014 16:58
‘Energy Information Administration officials told reporters on Wednesday that they are cutting their estimate of how much oil can be drawn out of California’s massive Monterey Shale formation by a whopping 96 percent.
The news deals a serious blow to the fracking industry and has environmentalists cheering as momentum builds behind a legislative effort to put a moratorium on fracking in California. The estimate will be released publically next month, according to reports.
In 2012, the federal officials estimated that 13.7 billion barrels of oil could be recovered from the Monterey Shale. The EIA now says that only 600 million barrels of oil can be recovered using existing technologies such as acid treatment and fracking, the controversial oil and gas technique that involves forcing millions of gallons of water laced with silica and chemicals deep underground to break up rock formations.’
http://truth-out.org/news/item/23855-californias-fracking-boom-just-got-busted
The promise of fracking in California’s large Monterey Shale deposits was intoxicating: 13.7 billion barrels of oil, as estimated by the U.S. Energy Information Administration, were recoverable with existing technology, enough to bring 2.8 million new jobs to the state and boost tax revenue by $24.6 billion per year.
But the independent firm hired to evaluate the shale back in 2011 made the very incorrect assumption that the Monterey deposits would be as easy to tap as those in North Dakota and Texas — and that turns out not to be the case. A new, revised estimate slashes that promise by 96 percent, putting the amount of recoverable oil at only 600 million barrels.
The L.A. Times, which first reported the news, calls it “a blow to the nation’s oil future” — the Monterey Shale contains about two-thirds of the nation’s shale oil reserves:
http://www.salon.com/2014/05/21/fracking_in_californias_monterey_shale_will_recove r_96_percent_less_oil_than_thought/
----------------------------
22 May 2014
Fracking planned for Tory heartlands as report reveals billions of barrels of shale oil in southern England
Ministers are also preparing to publish controversial plans to change the laws of trespass to give energy companies an automatic right to frack beneath homes and private land – even if owners object.
They hope that the introduction of fracking to Britain will spark an energy revolution which will drive down household bills as has happened in America.
http://www.telegraph.co.uk/earth/energy/fracking/10850529/Fracking-planned-for-Tory-heartlands-as-report-reveals-billions-of-barrels-of-shale-oil-in-southern-England.html