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Write-down of two-thirds of US shale oil explodes fracking myth

Write-down of two-thirds of US shale oil explodes fracking myth | Texas Coast Real Estate | Scoop.it

Industry's over-inflated reserve estimates are unravelling, and with it the 'American dream' of oil independence


Via Willy De Backer
Michael Stuart's insight:

Perhaps some plays, but each is different, Eagle Ford Shale Play in Texas continues to exceed expectations.

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Willy De Backer's curator insight, May 24, 2014 8:32 AM

Is the American shale bubble going to bust? Nafeez Ahmed provides the facts. But do facts matter for policymakers?

"Despite the mounting evidence that the shale gas boom is heading for a bust, both economically and environmentally, both governments and industry are together pouring their eggs into a rather flimsy basket." Or: the power of lobbying...

Eli Levine's curator insight, May 24, 2014 6:02 PM

The big problem with using a finite energy source: you're eventually going to run out of it.

 

Nature is telling us that it is way past due for us to be getting off of the fossil fuels through the effects we are experiencing from climate change.  The universe itself seems to be telling us that it is time to get off fossil fuels through this development.  Conservatives can't realize and accept that there does come a point when you HAVE to make ACTUAL changes to your regimen in order to survive.  Corporatist Libertarians don't seem to be able to accept or realize that you NEED government to take a proactive role in bringing this about; that the market will not make the changes fast enough or thorough enough to bring about the changes that we need in order to make a significant enough difference in order to survive.

 

Both of these sides are driven by ideology primarily, not by science or fact.  Most of the Liberals and self-described "Progressives" also live only on the plane of ideology and not in the empirical reality that is around them.  This is how they have been so ineffectual at getting anything done to counter the Right and the Corporatist Libertarians when they have the basic outlines of the solutions that people both want and need in order to be well and survive in reality.

 

This is how the species is going to be made to go through a resetting phase, where hopefully, those with the poor brain types will be driven out or killed off by nature in the process of trying to survive and failing to do so.  Quite honestly I don't want to go through this phase myself.  That is why and how I am so vocal with my opposition to both the stupidity and senselessness of all sides in the political arena save for true Progressives and people who put facts and science ahead of personal belief, ideology or identity.

 

Think about it.

 

Because will you likely be among the survivors who are left to pick up the pieces and all of the nonsense that comes with that?  Or will your clueless, ignorant and nonsensing brain lead you and yours into a natural death?

 

Think carefully, because you don't have a choice in the matter.  That is just an illusion and nothing more.

 

Think about it.

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Best Travel Fitness Apps | Texas Coast Travel

Best Travel Fitness Apps | Texas Coast Travel | Texas Coast Real Estate | Scoop.it

It's easy to stay active on the road if you know how, here are the best fitness apps for your next vacation

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Texas bill that offers loan funding to ports passes Senate committee

Texas bill that offers loan funding to ports passes Senate committee | Texas Coast Real Estate | Scoop.it

A bill to provide a modest revolving loan fund for Texas ports had smooth sailing through the Senate Transportation Committee last week, setting it on a positive course as it heads to the full Senate for consideration.

Senate Bill 28, sponsored by Sen. Brandon Creighton, R-Conroe, puts action behind a port study completed by the Texas Department of Transportation task force since the 2015 legislative session ended. The bill, which passed through the Senate committee with an 8-0 vote, designates as much as $20 million per year to supplement existing dredging and road projects around state ports.

The bill carries some weight, considering how important exports are to the state's economy. According to the Texas Ports Association, Texas is the nation’s biggest exporting state, with 563 million tons of cargo traveling through Texas ports each year. The industry is tied to 1.5 million jobs and $369 billion annually in economic activity in Texas, which has worried officials in many Texas cities considering the Trump administration's campaign promise to renegotiate the North American Free Trade Agreement (NAFTA).

Freeport, about 60 miles south of Houston, is positioning itself as part of the feeder system of cargo movement spurred by the newly expanded Panama Canal, said Port of Freeport CEO Phyllis Saathoff. 

The Texas Department of Transportation would be charged with administering the loan fund if Creighton’s bill passes both chambers. According to the bill, only those dredging projects approved by the U.S. Army Corps of Engineers would be eligible for the funding.

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New Plan Aims To Protect Texas Gulf Coast

New Plan Aims To Protect Texas Gulf Coast | Texas Coast Real Estate | Scoop.it
The plan identifies 177 projects that would bolster natural protections along the coast.
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A Tax Primer for Homeowners

A Tax Primer for Homeowners | Texas Coast Real Estate | Scoop.it
Go beyond interest and find out how mortgage points affect your taxable income.
Michael Stuart's insight:

Although housing prices took a major hit in the mortgage crisis that occurred in 2007, if history continues to repeat itself in a fashion similar to previous housing booms, many homeowners will see the value of their homes appreciate over the long term. Likewise, the odds are good that the capital gains tax laws will change yet again. Because nobody can tell for sure what the future will bring, it is best to have a full understanding of your home's value, basis, and tax liability at all times. Someday, when you need the information, you'll be glad to have it close at hand.

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Tiny House Living, Off the Grid? Here's How to Do It in Style

Tiny House Living, Off the Grid? Here's How to Do It in Style | Texas Coast Real Estate | Scoop.it
How to get electricity, water, and the Internet in your tiny home on the range.
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Omar Gandhi Architect perches glass-walled cabin on rocky cliff in Nova Scotia

Omar Gandhi Architect perches glass-walled cabin on rocky cliff in Nova Scotia | Texas Coast Real Estate | Scoop.it
Omar Gandhi Architect created a vacation home in Nova Scotia for an urban couple, with floor-to-ceiling windows that provide sweeping views of the sea.
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Contemporary prefab homes from Sweden

Contemporary prefab homes from Sweden | Texas Coast Real Estate | Scoop.it

Arkitekthus is a company based in Stockholm, Sweden who build and sell contemporary prefab homes designed by a collection of Swedish architects. Their goal is to bring good design to a larger market that otherwise could not afford an architect designed home.

 

All the houses are sold at fixed prices and can be obtained in two different designs schemes, modern and classic, with a few carefully selected options. They currently offer 11 home designs from four different architects.

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"Companies Plow Ahead With Moves to Mexico, Despite Trump's Pressure" - Texas Border Business

"Companies Plow Ahead With Moves to Mexico, Despite Trump's Pressure" - Texas Border Business | Texas Coast Real Estate | Scoop.it
Texas Border Business “Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure,” by WSJ’s Andrew Tangel in Indianapolis: “President Donald Trump boosted the hopes of employees at Rexnord Corp.’s factory here in December when he castigated the company for ‘viciously firing’ workers and planning to move their jobs to Mexico. Two months later, Rexnord …
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Easy Ways to Save While Traveling on Spring Break

Think of winter's chill as nature's way of revving you up for spring break trips to warm and wonderful destinations. Whether you are a college student ready to party or a family seeking some fu
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Port Houston Continues to Grow and Prosper

Port Houston Continues to Grow and Prosper | Texas Coast Real Estate | Scoop.it
Today, the Port Commission of the Port of Houston Authority held its first regular meeting of 2017. Welcoming a record crowd in attendance, Port Houst
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The top 20 home design trends of 2017

The top 20 home design trends of 2017 | Texas Coast Real Estate | Scoop.it
Next year's home trends: lush colors, plush textures and modernistic takes on traditional designs that make a perfect environment to create a "new you."
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Port Isabel Lighthouse is getting a makeover

Port Isabel Lighthouse is getting a makeover | Texas Coast Real Estate | Scoop.it
Of the 16 lighthouses originally constructed along the Texas coast, Port Isabel is the only one open to the public.
It stands 50 feet above the ground, and it is popular with photographers and other visitors, because they can enjoy great views of South Padre Island and the beaches.
Families and friends have climbed the 75 winding steps, to experience a bird’s-eye view from the top of the tower.
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Natural gas and wind are the lowest-cost generation technologies for much of the U. S.

Natural gas and wind are the lowest-cost generation technologies for much of the U. S. | Texas Coast Real Estate | Scoop.it
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered, according to new research.
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Israel Proves the Desalination Era Is Here

Israel Proves the Desalination Era Is Here | Texas Coast Real Estate | Scoop.it
One of the driest countries on Earth now makes more freshwater than it needs
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Houston leads 2010-2016 population growth among U.S. metros on Census Bureau report - Houston Business Journal

Houston leads 2010-2016 population growth among U.S. metros on Census Bureau report - Houston Business Journal | Texas Coast Real Estate | Scoop.it
Eleven major metropolitan areas, led by the Texas duo of Houston and Dallas-Fort Worth, are growing at a pace of more than 1,000 persons per week, based on population estimates issued this morning by the U.S. Census Bureau.
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US to approve Keystone XL pipeline

US to approve Keystone XL pipeline | Texas Coast Real Estate | Scoop.it

The Trump administration will approve the Keystone XL pipeline on Friday, senior U.S. officials say, ending years of delay for a project that has served as a flashpoint in the national debate about climate change.

 

The State Department will recommend the pipeline is in U.S. interests, clearing the way for the White House to grant a presidential permit to TransCanada to build the $8 billion pipeline, two officials said. Oil industry advocates say the pipeline will improve U.S. energy security and create jobs, although how many is widely disputed. The former CEO of oil company Exxon Mobil recused himself after protests from environmental groups who said it would be a conflict of interest for Tillerson to decide the pipeline's fate. [...] Tom Shannon, a career diplomat serving as undersecretary of state for political affairs, will sign off, officials said. Environmental groups also say the pipeline will encourage the use of carbon-heavy tar sands oil which contributes more to global warming than cleaner sources of energy.

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Every Reason Why You Need to Be In South Padre Island This Spring

Every Reason Why You Need to Be In South Padre Island This Spring | Texas Coast Real Estate | Scoop.it
South Padre Island isn’t just the Spring Break capital of Texas -- it’s got enough going on to rival the rest of the country’s most popular spots for the madness of March. Here’s the scene: Thirty-four miles of white sand, emerald water alive with dolphins, and a party energy made electric by the over 300,000 co-eds who flock there every spring. And, despite the seemingly non-stop party atmosphere, you can also find all types of waters ports and a serene natural environment begging to be explored via Jeep, scooter, or… golf cart
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Environmentalists urge French bank not to finance Texas fracking project

Environmentalists urge French bank not to finance Texas fracking project | Texas Coast Real Estate | Scoop.it
Activist points to ‘hypocrisy’ in BNP Paribas’s involvement in south Texas export terminal, given bank’s claimed commitment to the environment
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A 400-Square-Foot Sanctuary by the Beach - Zillow Porchlight

A 400-Square-Foot Sanctuary by the Beach - Zillow Porchlight | Texas Coast Real Estate | Scoop.it
Having everything close at hand offers 'a great feeling of comfort and peace.'
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13 Modern House Exteriors Made From Concrete

Here are 13 examples of modern concrete houses that show how concrete can be used in a number of different ways to create a number of different looks.
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SBA and the South Padre Island EDC solidify Small Business Support with a Strategic Alliance Memorandum - Texas Border Business

SBA and the South Padre Island EDC solidify Small Business Support with a Strategic Alliance Memorandum - Texas Border Business | Texas Coast Real Estate | Scoop.it
Texas Border Business  SOUTH PADRE ISLAND ─ The U.S. Small Business Administration’s Lower Rio Grande Valley District Office (LRGVD) and the South Padre Island Economic Development Corporation (SPI EDC) signed a Strategic Alliance Memorandum (SAM) to encourage entrepreneurship and economic empowerment through increased collaboration on entrepreneurial and financial education for local residents and small business …
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Californians Comprise Largest Number of New Texas Transplants

Californians Comprise Largest Number of New Texas Transplants | Texas Coast Real Estate | Scoop.it
A new report by the Texas Association of Realtors reveals that Californians continue to move to the Lone Star State en masse.
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What Not to Post on Facebook While You're on Vacation

What Not to Post on Facebook While You're on Vacation | Texas Coast Real Estate | Scoop.it
Are you on vacation and about to post a picture of your delicious meal to Facebook? If you do, you might come home to an empty house, here's why:
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21 Amazing Off-the-Grid Houses

21 Amazing Off-the-Grid Houses | Texas Coast Real Estate | Scoop.it
Real talk: Between diminishing stores and oil wars, fossil fuel-dependance is officially a bad deal. In the future, as these resources get scarcer, we're going to have to figure out how to live in a little more harmony with Mother Earth. Here are 21 houses that are already doing it right: eschewing the power grid for solar, wind, and geothermal energy sources.
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CJ Brasiel's curator insight, February 20, 10:42 AM
I always love looking at these alternative home ideas!
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Aging in Place Needs Out of the Box Thinking

Aging in Place Needs Out of the Box Thinking | Texas Coast Real Estate | Scoop.it
Next Avenue Influencer in Aging Louis Tenenbaum offers ideas for aging in place in America
Michael Stuart's insight:

70 million older Americans do not qualify for government or not-for-profit programs but cannot afford expensive retirement communities or 24/7 care.

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