Shale Boom or Shale Bubble?
By Alan Septoff
October 14, 2013
Deborah Rogers, internationally renowned fracking economics expert, to present and take questions
Come to a public discussion of fracking's false economic promise. Deborah will speak in three communities: Boulder, Broomfield & Fort Collins
NOTE: This post has been corrected.
As Colorado's Front Range communities wrestle with hydraulic fracturing-enabled oil and gas development, residents should know the fracking boom may provide only a short period of oil and gas abundance before collapsing in an economic bust.
Analysis of more than 60,000 oil and gas wells shows:
- Shale well production declines more rapidly than predicted.
- The rate of drilling must increase to maintain current production.
- Shale gas production has become uneconomical in many areas at current prices.
- Wall Street has played a key behind-the-scenes role in hyping the fracking boom.
- Industry is largely unwilling to invest in future shale development.
Deborah Rogers, co-author of Shale Bubble reports, member of the U.S. Extractive Industries Transparency Initiative, former member of the Advisory Council of the Federal Reserve Bank of Dallas, and Earthworks board member. [correction]
An opportunity for the public to learn about and discuss the financial underpinnings of fracking-enabled shale development.
WHERE & WHEN:
Tuesday, October 22nd at 6:30 p.m.
Fort Collins - Council Tree Library, 2733 Council Tree Ave.
Wednesday, October 23rd at 6:30pm
Boulder - Colorado School of Law, Wolf Law Bldg, Rm 204, 2450 Kittredge Loop Rd
Thursday, October 24th at 7pm
Broomfield - Lakeshore Room of the Broomfield Community Center, 280 Lamar St.
FOR MORE INFORMATION:
- All events - Josh Joswick, Earthworks, at 970-903-0876, firstname.lastname@example.org
- Fort Collins - Kelly Giddens-Unuigbey, Citizens for a Healthy Fort Collins at 503-866-5962, email@example.com
- Boulder - Kate Johnson, Boulder County Citizens for Community Rights at 303-579-9537, firstname.lastname@example.org
- Broomfield - Laura Fronckiewicz, Our Broomfield at 312-533-0525, email@example.com
Read the research at www.shalebubble.org
Earthworks, Citizens for a Healthy Fort Collins, Boulder County Citizens for Community Rights, and Our Broomfield with East Boulder County United, Erie Rising, Food & Water Watch, Frack Files of Weld County, Frack Free Colorado, Our Broomfield, Our Longmont, Plains Alliance for Clean Air & Water, Protect Our Colorado, Protect Our Loveland, Weld Air and Water, Women's International League for Peace and Freedom Greeley Chapter, YES on 2H.
THE ORGANIZATIONS BEHIND THE SHALE BUBBLE RESEARCH:
The Energy Policy Forum addresses the serious long-term implications for U.S. energy consumers as America chooses course at the crossroads of potential energy futures.
The Post Carbon Institute provides individuals, communities, businesses, and governments with the resources needed to understand and respond to the interrelated economic, energy, environmental, and equity crises that define the 21st century. We envision a world of resilient communities and re-localized economies that thrive within ecological bounds.
For more information:
CORRECTION: The original post incorrectly stated that Deborah Rogers was an advisor to the U.S. Energy Information Administration. In fact, in July 2013 she participated in a working group at the Energy Information Administration of the U.S. Department of Energy. Get back to the point of correction.comments powered by Disqus