AndyH
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Re: Verdict is in! Fracking on Trial in Texas

Mon Apr 28, 2014 3:38 pm

evnow wrote:Ok - now back on topic.

Is this verdict a one off or will it make frackers think twice ?
Fingers crossed that it's the crack that brings the dam down. I cannot believe I'm thinking this, but bring on the personal injury law firms coast to coast! :lol:
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AndyH
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Re: Verdict is in! Fracking on Trial in Texas

Sun May 18, 2014 7:59 pm

If anyone wants to explore, the Texas Railroad Commission has their pipeline and oil/gas well geographic information system files on-line now. One will have to zoom in to get to the details, but every well's listed - oil, gas, injection, and dry hole.

http://wwwgisp.rrc.state.tx.us/GISViewer2/

Click the item called "Visibility" on the left end of the blue menu bar for a selection menu.
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LTLFTcomposite
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Re: Verdict is in! Fracking on Trial in Texas

Mon May 19, 2014 7:40 am

Oh boy, Andy isn't going to like this... I'm not crazy about it either.

http://finance.yahoo.com/news/4-reasons ... 53322.html" onclick="window.open(this.href);return false;
Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices
LTL
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MikeinDenver
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Re: Verdict is in! Fracking on Trial in Texas

Mon May 19, 2014 7:47 am

LTLFTcomposite wrote:Oh boy, Andy isn't going to like this... I'm not crazy about it either.

http://finance.yahoo.com/news/4-reasons ... 53322.html" onclick="window.open(this.href);return false;
Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices
It is certainly going to be a tough fight. I'm not sure how much faith I have in todays Americans to put their health and environment ahead of a few dollars.
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AndyH
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Re: Verdict is in! Fracking on Trial in Texas

Mon May 19, 2014 12:45 pm

LTLFTcomposite wrote:Oh boy, Andy isn't going to like this... I'm not crazy about it either.

http://finance.yahoo.com/news/4-reasons ... 53322.html" onclick="window.open(this.href);return false;
Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices
I neither like nor dislike this because it's a garbage piece written from an insane view of the world. This country is in decline, not recovery. Large businesses are booming but they're doing it by screwing over workers, land owners, and the environment for short-term profits. The fossil fuel industry is in a last-gasp push to generate as much cash flow as possible before they're forced to leave the oilfields behind.

The narrow appearance of 'growth' is costing locals more than the oil companies are 'earning'. :( People being poisoned, losing safe water, losing their land, or being unable to finance land. Since fracked fields don't continue to produce the way traditional wells used to - production peaks and falls quickly. That forces a re-fracture - and requires multi-millions of gallons of water and new batches of chemicals. Note that many of the areas where this activity is booming are in severe drought...

Mortgages denied because of fracking:
http://www.wtae.com/investigations/Coup ... g/12865512

Property values plummet
http://thinkprogress.org/climate/2014/0 ... -fracking/
As ExxonMobil’s CEO, it’s Rex Tillerson’s job to promote the hydraulic fracturing enabling the recent oil and gas boom, and fight regulatory oversight. The oil company is the biggest natural gas producer in the U.S., relying on the controversial drilling technology to extract it.
The exception is when Tillerson’s $5 million property value might be harmed. Tillerson has joined a lawsuit that cites fracking’s consequences in order to block the construction of a 160-foot water tower next to his and his wife’s Texas home.
http://ecowatch.com/2013/11/13/fracking ... rty-value/
http://www.dchlaw.com/lossofpropertyvalue
http://www.dukechronicle.com/articles/2 ... y-fracking

Image

Our culture's insane and it really hurts to watch. Thanks for the link though.
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DaveinOlyWA
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Re: Verdict is in! Fracking on Trial in Texas

Mon May 19, 2014 5:01 pm

LTLFTcomposite wrote:Oh boy, Andy isn't going to like this... I'm not crazy about it either.

http://finance.yahoo.com/news/4-reasons ... 53322.html" onclick="window.open(this.href);return false;
Many analysts and politicians say this resource is the next industrial revolution. Hydraulic fracturing, or "fracking," has helped lead a boom in gas and oil production in the U.S. The new technology is unlocking oil and shale gas resources, spurring economic activity and giving industry a competitive edge with less expensive gas and electricity prices
nothing but a spin article with no real foundation
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LTLFTcomposite
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Re: Verdict is in! Fracking on Trial in Texas

Mon May 19, 2014 9:43 pm

Why would a house (that doesn't use groundwater - directly) go up 11% by virtue of being in 1.25 mile proximity to fracking? To house the frackers?
LTL
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MikeinDenver
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Re: Verdict is in! Fracking on Trial in Texas

Tue May 20, 2014 9:04 am

LTLFTcomposite wrote:Why would a house (that doesn't use groundwater - directly) go up 11% by virtue of being in 1.25 mile proximity to fracking? To house the frackers?
That or the only other reason I could think of is the value of the land as a potential site for another rig?
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AndyH
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Re: Verdict is in! Fracking on Trial in Texas

Tue May 20, 2014 10:54 am

LTLFTcomposite wrote:Why would a house (that doesn't use groundwater - directly) go up 11% by virtue of being in 1.25 mile proximity to fracking? To house the frackers?
After reading the piece and scanning the 'study', it appears they isolated a single factor - source of water - in order to directly compare property value changes. There's enough documentation now that drilling/fracturing does negatively affect local water. Down here, there doesn't seem to be a distinction, because it's hard to find rural or semi-rural property that doesn't rely on ground water - and that's where most of the wells are drilled.

http://www.texastribune.org/2013/03/08/ ... -concerns/
In 2011, Texas used a greater number of barrels of water for oil and natural gas fracking (about 632 million) than the number of barrels of oil it produced (about 441 million), according to figures from the Texas Water Development Board and the Railroad Commission of Texas, the state’s oil and gas regulator.
http://newswatch.nationalgeographic.com ... uth-texas/
From January 2011 through May 2013, hydraulic fracturing producers in the Eagle Ford used about 19 billion gallons of water for 4,300-plus wells, the highest water use of any shale basin in the country...
edit...

FWIW - the copy of the paper was not listed as 'published' or peer reviewed. It appears to have been authored at the behest of the 'non-partisan' National Bureau of Economic Research (NBER) and Resources for the Future (RFF). Sourcewatch suggests NBER has slanted 'right' (anti-tax, free market) since the 1980s. The RFF appears to be more in favor of the environment; no idea if the two organization's positions balance each other.

http://public.econ.duke.edu/~timmins/w18390.pdf
While shale gas development can result in rapid local economic development, negative externalities
associated with the process may adversely affect the prices of nearby homes. We utilize a triple-difference
estimator and exploit the public water service area boundary in Washington County, Pennsylvania
to identify the housing capitalization of groundwater risk, differentiating it from other externalities,
lease payments to homeowners, and local economic development. We find that proximity to wells
increases housing values, though risks to groundwater fully offset those gains. By itself, groundwater
risk reduces property values by up to 24 percent.
http://www.nber.org/
http://www.sourcewatch.org/index.php?ti ... c_Research
http://www.rff.org/Pages/default.aspx
http://www.sourcewatch.org/index.php?ti ... the_Future

Earthworks' article on the paper has links to info from other areas as well.
http://www.earthworksaction.org/issues/ ... 3vLAvldXpA
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camasleaf
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Re: Verdict is in! Fracking on Trial in Texas

Mon Oct 13, 2014 12:45 pm

Will facking go on trial in California?

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