January 24, 2012
They say that numbers don’t lie—which sure is the truth when it comes to the growing movement against industrial shale gas drilling and hydraulic fracturing. Yesterday in Albany, more than 800 New Yorkers from across the state were out in force for a Hydrofracking Day of Action, a few hundred more than for the event in 2011.
January 24, 2012
The big number to remember in natural gas in the U.S. is that we consumed 24 trillion cubic feet of it in 2010. That’s a lot of hydrocarbons. Today, entire sectors are making decisions about future energy choices based on how much natural gas we have left to burn. And with the Energy Information Administration's new Annual Energy Outlook, it appears we have been making those choices on false assumptions.
The report, released yesterday, issues new estimates of recoverable natural gas in the Marcellus Shale, a vast formation more than a mile below 8 eastern states, including New York, Pennsylvania, West Virginia and Ohio.
January 23, 2012
It is "abundantly clear" that Range Resources knew about the “angular and nonconforming and unpredictable geology” in Parker County Texas, yet they cut corners and polluted Texas drinking water anyway. Now, Matt Pitzarella, Director of Corporate Communications and Public Affairs has vowed they will strike again.
January 20, 2012
Part of Skip’s presentation described what companies call the Black Swan for the industry. Unlike the Natalie Portman film, a Black Swan, in economic jargon, is a low probability, high-impact event. These include political instability, severe regulatory constraint, and broad systemic risks. In short, the kind of thing that could devastate an industry, even if the chances are remote. Among the systemic risks, Skip tells us, are seismic activity and detrimental public health effects. To alleviate investor concerns, both Skip and fellow panelist Regina Hopper, President & CEO of America’s Natural Gas Alliance, insist that to avoid these risks, the industry must rely on sound science.
By Nick Magel
January 19, 2012
If communities in West Papua, Indonesia had anything to say about it Freeport-McMoRan would certainly be named the worst corporation in the world. Now you can help get Freeport-McMoRan listed as 2012’s worst corporation in the world.
Every year the Public Eye Award is given to the world worst corporation on earth. Previous winners include; Chevron, for their oil disaster in Ecuador; Newmont for their irresponsible mining and pollution in Ghana and Peru; AngloGold Ashanti, for it’s contamination of land and poisoning of people with its gold mining in Ghana. This year Freeport-McMoRan joins this shameful company as a finalist for the “award”.