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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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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 | The Great Transition | Scoop.it
Industry's over-inflated reserve estimates are unravelling, and with it the 'American dream' of oil independence
Willy De Backer's insight:

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...

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Eli Levine's curator insight, May 24, 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.

Michael Stuart's curator insight, May 31, 11:10 PM

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

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'Baseless economics': Lord Stern on David Cameron’s claims that a UK fracking boom can bring down price of gas

'Baseless economics': Lord Stern on David Cameron’s claims that a UK fracking boom can bring down price of gas | The Great Transition | Scoop.it
Lord Stern, author of the hugely influential Stern review on the financial implications of climate change, has dismissed David Cameron’s claims that a fracking boom in the UK can bring down the price of gas in the UK as “baseless”.
Willy De Backer's insight:

With European policymakers increasingly seduced by the siren songs of the fossil fuel barrons, it is good some policy advisors are keeping a cool head.

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Fracking: American dream, Chinese pipe-dream, global nightmare

Fracking: American dream, Chinese pipe-dream, global nightmare | The Great Transition | Scoop.it

"The only way out of this vicious circle is for Europe, China and India to realize that fracking is a pipe dream and focus on developing viable renewable energy sources while curbing their addiction to fossil fuels. Policymakers must not let shale gas become a smokescreen obscuring the need for robust emissions reduction policies"

 

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New studies link earthquakes to waste water from fracking in shale gas

New studies link earthquakes to waste water from fracking in shale gas | The Great Transition | Scoop.it
The link between a recent rise in earthquakes and wastewater disposal from shale gas wells grows stronger, though skeptics remain.
Willy De Backer's insight:

From MIT Technology Review: New American studies provide insight into the relationship between seismic activity and shale gas fracking.

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Get It Right on Gas

Get It Right on Gas | The Great Transition | Scoop.it
We can have a natural gas revolution that transforms our whole country or one that just transforms the electric grid. What’s it going to be?

 

IN the NY Times, Thomas Friedman gets it wrong on gas.His wishful thinking overlooks that gas is not replacing coal but just being added to the fossil-fuel load on climate, that the gas revolution has already killed the renewables revolution and that there will be no "golden" rules for fracking as political elites in the US and Europe are full in the pocket of the fossil-fuel industry.

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Insurers find it tough to price fracking risk

Insurers find it tough to price fracking risk | The Great Transition | Scoop.it

"From water worries to well blowouts, the inherent risks of oil and gas extraction are often played down by those in the business. But another group of profit-seekers has every reason to keep a close eye on dangers for drillers: their insurers." (Source: Reuters)

 

Good Reuters article which also makes reference to the asbestos history an an example of how risk assessment can change over time.

 

 

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Fracking Could Work If Industry Would Come Clean

Fracking Could Work If Industry Would Come Clean | The Great Transition | Scoop.it

A new independent study by the Energy Institute at the University of Texas, Austin, sees no direct link between shale gas extraction and groundwater contamination, but nevertheless asks for tougher controls and regulation of fracking practices.

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Exploring the 'why' behind extreme energy

Exploring the 'why' behind extreme energy | The Great Transition | Scoop.it
Thus far the debate around unconventional gas/fracking has focussed on pollution, flammable water, earthquakes, noise, toxic fumes, climate change, etc. As a result people mainly focus on the "what?", or at a local level the "where?", of the issue. My research leads me toward one single question… "why?".
Willy De Backer's insight:

Smart article on the real reasons behind the fracking myths. "It is economic growth and consumption within a finite environment which are the problem."  Extreme energy will do nothing to stave off the inevitable transition towards a post-growth society.

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The Fracking of “The Limits to Growth”

The Fracking of “The Limits to Growth” | The Great Transition | Scoop.it
Does a new extractive technology arrive before or after limits to growth in resource throughput are in place?
Willy De Backer's insight:

Interesting article by Herman Daly on the death of a American proponent of 'limits to growth' who went over to the fracking side - Darth Vader?

 

"If we were to first enact limits to growth in resource throughput, then even a violent extractive technology such as fracking would be constrained in its ability to wreck the planet on a large scale. The lower carbon content of natural gas might reduce global warming enough to make up for additional extraction damage to the environment. However, if we insist that unlimited growth must remain our first goal, then fracking will just increase total greenhouse gas emissions, not to mention groundwater depletion and pollution. With growth in first place, even soft technologies, those that increase efficiency of resource usage, are likely (thanks to the Jevons Paradox) to promote growth in resource throughput to a scale that is on balance harmful."

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The Shale Gas Revolution: is it already over?

The Shale Gas Revolution: is it already over? | The Great Transition | Scoop.it
While the optimism about the future of natural gas seems to be still prevalent, the data show that the gas bubble may be already bursting.
Willy De Backer's insight:

... and what will this mean for our global economy?

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Minister calls for German debate on fracking

Minister calls for German debate on fracking | The Great Transition | Scoop.it
Germany's environment minister has called for wider public debate on gas extraction through the practice of fracking. Opponents fear it could have environmental consequences.

 

Deutsche Welle reports on a new report by the German Federal Environment Agency. The report recommends to introduce manadatory environmental impact assessments for all fracking.

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The Real Story Behind the Fracking Debate

The Real Story Behind the Fracking Debate | The Great Transition | Scoop.it

"Fracking is not good or bad: it is a process to increase the production of fossil fuels, primarily natural gas, from certain geological formations. But good or bad things can happen as a result of fracking, depending on how it is implemented, where it is pursued, the technologies used, and the actions taken to increase its benefits and reduce its impacts. And whether or not you support or oppose fracking depends on how those benefits and impacts are perceived, distributed, addressed, and valued -- and whether it is in your backyard.."

 

Good article in the Huffington Post on the US fracking debate.

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Gas 'fracking' gets green light

Gas 'fracking' gets green light | The Great Transition | Scoop.it
Drilling method can be extended throughout UK, say experts, even though it has caused two earthquakes...

 

This development clearly shows that the fossil fuel industry can still sell to government whatever it wants even if it endangers our long-term energy future.

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China Has More Shale Gas Than We Do. Will They Embrace Environmental Safeguards on Fracking? Will We?

China Has More Shale Gas Than We Do.  Will They Embrace Environmental Safeguards on Fracking? Will We? | The Great Transition | Scoop.it

"China holds huge shale reserves as well and plans to follow suit. It would like to import technologies from the United States to do so, but the United States and its oil companies should not supply China with hydraulic fracturing technology without combining that technology with safety standards and environmental best practices."

 

Excellent overview of China's plans for shale gas exploration and the environmental dimension of fracking.

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