Earlier today… Record production in the United States, along with a drilling frenzy in Iraq and Saudi Arabia, as well as the prospect that Iranian oil will again flood world markets, have spooked traders into abandoning their positions. What’s more, the very productivity here in the heart of the Eagle… Read more“Low Oil Prices Pose Threat to Texas Fracking Bonanza – The New York Times”
Search Results for: frack
Is Fracking About To Burst The Economy?
Now that the downturn in oil prices is under way, and panic selling of energy-related junk bonds and lower grades of unconventional crude oil has begun in earnest, it seems likely that we’ll learn just how profitable the fracking fad of the last few years actually was. My working guess, which is admittedly an outsider’s view based on limited data and historical parallels, is that it was a money-losing operation from the beginning, and looked prosperous—as the Oklahoma boom did—only because it attracted a flood of investment money from people and institutions who were swept up in the craze. If I’m right, the spike in domestic US oil production due to fracking was never more than an artifact of fiscal irresponsibility in the first place, and could not have been sustained no matter what. Still, we’ll see.
Fracking rules to be unveiled for Illinois
Great, just great. I guess this is why the Koch Industry was so concerned about Chicago’s attempt to ban petcoke from being stored in the city.
If Andrew Sullivan Is The Future of Journalism Then Journalism Is Fracked
We’ve never been fans of Sully ‘round these parts, we haven’t forgotten some of his more odious positions. It wasn’t even very long ago that Sullivan thought anyone opposed to the Iraq War was a traitor, or worse.
Anyway, Mark Ames has a good run-down of a few of Andrew Sullivan’s greatest hits, well worth your time to refresh your memory of the positions Andrew Sullivan has held, all the way back to his fact-free debunking of the Reagan October Surprise when Sullivan was only 28.
Focus on Fracking in Texas
The issue isn’t just rearing its head in parched regions like South Texas. North Dakota, another big source of oil from fracked wells, is concerned about the industry depleting aquifers and has threatened to sue the federal government to free up water held by an Army Corps of Engineers dam. Oklahoma, too, is struggling to cope with the industry’s thirst.
Fracking is fracked
So it’s worth pointing out that special treatment for fracking makes a mockery of free-market principles. Pro-fracking politicians claim to be against subsidies, yet letting an industry impose costs without paying compensation is in effect a huge subsidy. They say they oppose having the government “pick winners,” yet they demand special treatment for this industry precisely because they claim it will be a winner.
Frack You Google
Fuck you, Google. update 3-11-11
Sometimes bitching on Twitter has positive consequences. This morning, a representative from Picasa looked into my case, mostly because I complained I didn’t get the email I was supposed to get. Apparently, someone clicked the “Report Abuse” button, and this lead to my account being zapped. Since I didn’t get notified, my account has been made active again. I’m grateful for that, but still seems like a flaw in the process if getting someone’s account suspended is so simple. Probably a paid representative of the Tea Baggers objected to something factual, and decided to irritate me.
Why Are You Taking my Fracking Photo?
Why Are You Taking my Photo? , originally uploaded by swanksalot . not supposed to borrow the photographer’s camera to sneak photos of reluctant subjects… embiggening I’m supposed to take the photos, not be subjects of them…
The Roots Of The Armed Occupation In Oregon
However, he is not, so these wankster, VanillaISIS, Y’allQueda wanna-be martyrs are still strutting up and down the public square, brandishing their penis substitutes in the face of decent society. By some counts, there are 150 members of this Bundy terrorist cell, but I haven’t yet heard Ted Cruz or his acolytes calling for carpet bombing the Pacific Midwest until the forest glows…
Linda Ronstadt Is Not A Republican
There is no cure. I don’t expect them to find a cure either, unless we get the Republicans the hell out of Congress so they stop holding up stem cell research. That’s what’s most promising in terms of finding a cure for diabetes, for Parkinson’s, for MS, for all kinds of things. It’s a shame to have to suffer from something that we don’t have to suffer from.
Drought-Driven Voters Vent Anger Over Farm Bill
Farmers are complaining loudly to their representatives, editorial boards across the heartland are hammering Congress over its inaction, and incumbents from both parties are sparring with their challengers over agricultural policy.
Maria Pappas paid by the Heartland Institute
Heartland also planned to spend $210,000 to help Cook County Treasurer Maria Pappas tour the nation to speak about municipal debt,
In Heartland Institute Leak, a Plan to Discredit Climate Teaching
Internal Heartland Institute strategy and funding documents obtained by DeSmogBlog expose the heart of the climate denial machine – its current plans, many of its funders, and details that confirm what DeSmogBlog and others have reported for years. The heart of the climate denial machine relies on huge corporate and foundation funding from U.S. businesses including Microsoft, Koch Industries, Altria (parent company of Philip Morris) RJR Tobacco and more.
Long Awaited Closing of State Line Power Station
Hmm, 100 jobs versus the air quality for over 9,000,000 other people (and maybe more – I’m just counting the Chicagoland area). How is that even a debate? And land-use? Again, not really a debate except by debating societies…
Milly Dowler Hacking Puts Pressure on News Corp
About fracking time. Rupert Murdoch’s criminal enterprise has avoided prosecution for way too long, in this matter, and others.