Midnight In The Desert — oil

Fracking fluid is leaking more often than we thought

Posted by K R on

Fracking fluid is leaking more often than we thought

Hydraulic fracture oil and gas wells spill pretty often, according to a recent study in the journal Environmental Science & Technology. That study, along with a companion paper which appeared in the journal Science of the Total Environment, analyzed spill data and behavior across four states—Colorado, New Mexico, North Dakota and Pennsylvania—with the goal of identifying common causes of spills to help industries improve. If you feel like you’ve heard this story before, you haven’t. Most studies on hydraulic fracture, or fracking, focus on underground leaks. This study focused exclusively on leaks at the surface, which can harm wildlife—most notably...

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The Age of Cheap Oil and Natural Gas Is Just Beginning

Posted by K R on

The Age of Cheap Oil and Natural Gas Is Just Beginning

Oil price rises over the past 40 years have been truly spectacular. In constant money, the price of oil rose by almost 900% between 1970 and 2013. This can be compared with a 68% increase for a metals and minerals price index, comprising a commodity group that, like oil, is exhaustible. In our view, it is political rather than economic forces that have shaped the inadequate growth of upstream oil production capacity, the dominant factor behind the sustained upward price push. But we believe the period of excessively high oil prices has come to an end. The international spread of...

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Mon Mar 21 - Ed Hashbarger & Douglas Shields - Fracking

Posted by K R on

Mon Mar 21 - Ed Hashbarger & Douglas Shields - Fracking

Ed Hashbarger Ed Hashbarger is a father, grandfather, husband, retired police officer and disabled United States Marine Corps veteran. He is a Catholic by faith and a conservative republican. Twelve years ago Ed and his wife purchased 40 acres in a small town in Ohio. They built their dream home and moved their family away from the industrialized steel mill town they had lived in while he was a police officer. On this small hobby farm Ed and his family raised llamas, goats and free range chickens and were living the American dream. Everything changed for them five years ago,...

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Cheap Oil Is Undermining the Success of Nearly Every Climate Cleanup Plan

Posted by K R on

Cheap Oil Is Undermining the Success of Nearly Every Climate Cleanup Plan

A few months ago at the Paris climate talks, President Barack Obama and a panoply of world leaders talked at length about the importance of reducing carbon dioxide pollution associated with burning coal, the largest source of greenhouse gases. So far there is only one way to do that without pulling the plug on coal altogether: carbon capture and storage (CCS), a process by which CO2 is pulled from a smokestack before it escapes into the air and is then buried deep underground. Nearly every plan to mitigate global warming includes CCS, yet few countries have adopted the technology because...

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Oil is now so cheap even pirates aren’t stealing it any more

Posted by K R on

Oil is now so cheap even pirates aren’t stealing it any more

Stealing the oil from a ship is no mean feat. Oil tankers are enormous, and ships that carry expensive cargo are designed to be difficult to board. Stealing can mean hijacking the original tanker, disabling its tracking devices, taking it to a location where it can’t be spotted, and transferring thousands of heavy barrels to a different vessel that can then be sailed away. Stealing crude also means finding a buyer for it, or else getting involved in the messy and dangerous business of illegal refining. Over the past six months, the price of oil has plunged due to a...

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