Tag Archives: Fracking

With Sub-$60 Oil, Fracking & Tar Sands Losses Threaten Whole Financial System

With Sub-$60 Oil, Fracking & Tar Sands Losses Threaten Whole Financial System
A new financial crisis is threatening to dwarf the ‘subprime’ mortgage debacle, writes Paul Mobbs. Cheap money from central banks has fuelled some $1.3 trillion of risky investments in high-cost ‘unconventional’ oil and gas. Now, with oil sinking below $60, all that paper is turning to junk – and that’s putting the entire economic system at risk. By Paul Mobbs The Ecologist, December 17, 2014 Brought about ... Read more

Monkey Wrenching the Frackers

Monkey Wrenching the Frackers
The make-believe cops have been supplied with blaze orange construction vests, plastic badges and faux police caps, which combine with their many tattoos and piercings to make them look like a punk version of the Village People. This mock police ambush was part of a three-hour crash course in “Responsible Direct Action” held at last week’s Energy Exports Action Camp in Maryland’s Jug Bay Natural Area, a county park some 25 miles southeast of ... Read more

Here’s what fracking can do to your health

Here’s what fracking can do to your health
Although the natural gas industry is notoriously tight-lipped about the ingredients of the chemical cocktails that get pumped down into wells, by now it's widely known that the list often includes some pretty scary, dangerous stuff, including hydrochloric acid and ethylene glycol (a.k.a. antifreeze). It's also no secret that well sites release hazardous gases like methane and benzene (a carcinogen) into the atmosphere. So just how dangerous ... Read more

Fracking Could Cause People to Die of Thirst

Fracking Could Cause People to Die of Thirst
You cannot live without water, but the fossil fuel industry is counting on squeezing the last drop out of the Earth to extract oil and natural gas. On March 21, Bloomberg news ran an article, "Global Energy Thirst Threatens Water Supplies, UN Says." It's rather grim to foresee that when the fresh water runs out or becomes too polluted to drink -- and desalination plants can only provide a small portion of drinking water -- the only option ... Read more

Proposed MD Fracking Project Highlights Need For Blue-Green Solidarity

Proposed MD Fracking Project Highlights Need For Blue-Green Solidarity
350.org has worked for years to stake out the Keystone XL pipeline as a defining issue in the battle against climate change, but with fracking quickly emerging as a new flashpoint, the national group is doubling down this year on efforts to help local groups stop LNG export terminals in Maryland and the Pacific Northwest. Meanwhile, unions in the beleaguered construction industry are hoping to ride the fracking boom by securing union jobs in ... Read more

Report: Fracking Drains Water from Drough-Stricken States

Report: Fracking Drains Water from Drough-Stricken States
As states from Arkansas to California deal with economically crippling, record-breaking droughts, a new report has found that hydraulic fracturing — a process of drilling for oil and natural gas also known as fracking — could further deplete scarce water resources. The report, issued by sustainable investing consultancy Ceres on Wednesday, found that since 2011 nearly half of all fracking wells were located in areas with high levels of ... Read more