Fossil Free Indexes» Oil and Gas Analyst says new Russian fields that are now viable have come online because
of fracking technology.
says new Russian fields that are now viable have come online because
of fracking technology.
And we are on the cusp of being able to do that because
of fracking technology, which incidentally is a classic outcome of government [research and development] combined with entrepreneurial people.
Not exact matches
EOG, too, gets much
of its oil from
fracking, but it has invested particularly heavily in scientists and
technology to help it drill more accurately.
Many experts say that concern about the environmental consequences
of fracking and other new drilling
technologies may be the biggest obstacle to the continued growth
of this newfound domestic energy supply.
She agrees that this jar, by itself, proves nothing about the environmental impact
of «
fracking,» the drilling
technology largely responsible for America's boom in oil and gas production.
A majority
of economists, business and energy analysts instead agree that coal's demise is due to a triple whammy: competition from much cheaper and cleaner - burning natural gas, proliferated by
fracking technology; growth in the solar and wind energy production; and tougher environmental regulations.
«For us who are long - term investors, we tend to look at the group
of people who are gathering in Vienna and say «they're fighting against history... The cost
of producing crude, largely due to
fracking technology, has dramatically changed the marginal economics
of oil,» Hunt told Bloomberg Television.
Meanwhile, although China will continue to burn lots
of coal, it will begin shifting to gas including by tapping into its own tight gas reserves using new
fracking technologies.
But as you can see in the chart below, the new
technology of fracking and a corresponding increase
of U.S. onshore production, have led to a surplus, drastically shifting the shorter - term seasonal pattern in oil.
Meanwhile discussions elsewhere reached consensus on disability rights, taking competition out
of the NHS, tribunal fees, legal aid, zero - hours and short - hours contracts, agency workers, immigration, local government funding, housing, the Middle East, the minimum wage, the living wage, Royal Mail, the railways, science and
technology, mental health,
fracking, animal welfare, Lords reform, reducing smoking and consumption
of alcohol, fats and sugar, reaffirming all - women shortlists, youth services, careers advice, sexual and relationship education, and even the 11 - plus (recognising that selection at age 11 damaged education for all children, but stopping short
of abolishing existing grammar schools).
On the issue
of hydrofracking in New York, Gibson supported the Cuomo administration's seemingly interminable study, welcomed its conclusion, but said he would be open to permitting
fracking in the future if
technology improves.
Advances in
fracking technology have allowed the industry to extract enormous volumes
of natural gas from rock formations such as the Marcellus Shale, which lies under southern New York, Pennsylvania, Ohio and West Virginia.
The Department
of Environmental Conservation is nearing completion on an environmental impact study and new regulations for gas drilling using horizontal drilling and high - volume
fracking technology.
Frackopoly describes how the
fracking industry began; the
technologies that make it possible; and the destruction and poisoning
of clean water sources and the release
of harmful radiation from deep inside shale deposits, creating what the author calls «sacrifice zones» across the American landscape.
New York hasn't issued permits for shale gas wells using horizontal drilling and
fracking since it began its review
of the controversial
technology in 2008.
In a series
of phone calls between lobbyists for the Capitol Group, who had been hired by AbTech Industries, an environmental
technology firm which employed the younger Skelos, and an official for AbTech, Adam Skelos was confident that the governor would lift the moratorium and allow
fracking in the state.
Gas turbines are also attractive because natural gas is relatively cheap and abundant, due in part to the introduction
of hydraulic fracturing
technology, or
fracking, which uses high - pressure water to extract hydrocarbons from previously inaccessible shale deposits.
Fracking technology, once used in just a small percentage
of wells, has made it possible to get gas out
of deeply buried reserves and has become an essential part
of drilling almost every new well.
But, as scientists report in ACS» journal Environmental Science &
Technology, «
fracking» operations could have impacts on water quantity because they are withdrawing these large amounts
of water from nearby streams, which house aquatic ecosystems and are used by people for drinking and recreation.
When the
fracking study came out in February at a meeting
of AAAS (the publisher
of ScienceInsider), critics charged that it was unbalanced because it appeared to downplay the
technology's environmental risks.
Most
of the wells in the basin are drilled into «tight sand» formations that require the same
fracking technology being used in shale formations.
The company claims its
technology can produce steam at a cost
of $ 3 per million BTUs, based on U.S. National Renewable Laboratory calculations; natural gas currently costs some $ 4 per million BTUs, though that price may continue to fall as natural gas freed up by
fracking floods the market.
For me, this meant taking on the exciting viewpoint
of limitless resources: we should double down on extraction
technology, invest in new wells,
fracking, and mining, with an end goal
of bringing health, wealth, and conspicuous consumption to the planet.
None
of these
technologies have panned out: there has been no decrease in CO2 due to these
technologies (maybe
fracking, if you disregard methane, a green house gas) and, on the contrary, a massive increase in green house gases as well as a reliance on dodgy sources for smelting and acquiring these rare earth minerals and metals.
Instead
of wildcatting in costly, unproven non-conventional fossil fuel
technologies such as
fracking and tar sands that add greenhouse gas to the atmosphere, the company could show foresight and leadership by investing in clean, renewable energy such as wind, solar and geothermal.»
In fact, the huge fall in oil prices in the last few years has made it clear that US oil production using
fracking and associated modern
technologies is the swing world producer
of oil, not OPEC.
Fracking and associated
technology is quite safe and one
of the best
technologies to increase production
of oil and natural gas at a lower cost.
The advisory group, set up by the European Commission, is tasked with assessing ongoing
fracking projects in Europe along with the safety and appropriateness
of other unconventional
technologies.
Beyond the US, the
fracking that has led to much
of the US decrease has not yet expanded rapidly, but given that the
technology exists (and is getting further refined every day) the rest
of the world will also enjoy reduced CO2 emissions by using nat gas instead
of coal.
Most significantly, a growing number
of environmentalists now make arguments in favour
of nuclear power, GM
technology and even
fracking, and have questioned the policies designed to protect the climate and natural environment.
Does the rapid expansion
of new
technologies like
fracking threaten the future
of eco-friendly energy alternatives such as wind and solar energy?
We use
technology to identify and monitor threats to the planet's natural resources such as offshore drilling and oil spills, urban sprawl,
fracking, mountaintop removal mining, and overfishing
of the oceans.
Over the past several years, vast caches
of natural gas trapped in deeply buried rock have been made accessible by advances in two key
technologies: horizontal drilling, which allows vertical wells to turn and snake more than a mile sideways through the earth, and hydraulic fracturing, or
fracking.
-- expand drilling /
fracking to extract as much domestic energy as possible, — use clean natural gas, where possible, to replace dirtier coal and for heavy transportation vehicles; — support basic research efforts aimed at finding economically viable green energy
technologies; — at the same time, install new nuclear power generation capacity in place
of new coal plants, wherever this makes economic sense.
The latest example
of how wrong the Malthusian - influenced doubters have been is provided by
fracking, horizontal drilling, and associated
technology applied particularly to extracting oil and natural gas from shale formations.
More recently, opponents
of fracking have waged campaigns that have put expanded use
of that
technology at risk.
Its just that new
technology (horizontal drilling and
fracking) have enabled oil companies to get more gas out
of the ground than in the past.
I am often asked why the anti-fossil-fuel crowd has so recently turned against the decades - old
technology of hydraulic fracturing, or
fracking, that has provided such economic and environmental benefits and has become even safer due to ever - increasing advances.
Perry also said
fracking came about «by the grace
of God and some
technology and a guy named George Mitchell from Texas.»
Without knowledge
of deepwater drilling,
fracking, horizontal drilling, and other
technologies that have opened up oil supply in the decades since, it would have been easy to see a future
of scarce resources back in 1980.
The ongoing US coal - to - gas transition is the result
of three decades
of federal investment in
fracking technologies (and is helped along by environmental regulations that penalize coal pollution).
China, the world's top energy user, is believed to hold the world's largest reserves
of shale gas, which is trapped in rocks and requires a
technology called hydraulic fracturing, or
fracking, to unleash.
New York could be a huge beneficiary
of fracking, as much
of the state is situated above the Marcellus Shale, an enormous gas deposit in the American Northeast that can be tapped only with this new
technology.
The Labour, Lib Dem, and Green manifestos are, if anything, even more encouraging for the green economy, promising a faster pace
of decarbonisation, generally higher levels
of investment in clean
technologies, and a more responsible approach to curbing fossil fuel investment, most notably through a ban on
fracking.
At the same time, the Tory love - in with
fracking shows no signs
of dissipating with a promise to try and reassure the public about the
technology, before then simply forcing projects through the planning system if that doesn't work.
What is needed is not more counter-productive, economy - distorting government regulations like CAFE, but fewer and better infrastructure to get our abundant energy resources to market and fewer attempts to prevent use
of the new
technology, especially
fracking, by states.
What I will say though is that while job creation is a noble goal, creating jobs that support the development
of technologies that are just socially and environmentally destructive in the long run, as
fracking clearly has the potential to be, is just the same sort
of short - term thinking that got us into the economic mess we're in right now.
Fast growing new
technologies like
fracking often outpace the science needed to ensure safe implementation
of the
technology.
Correct, as far as I know,
fracking is a target because the amount drilling that will now take place as a result
of the
technology making the extraction price profitable.