0 votes

New Drilling Method Opens Vast Oil Fields in US

A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.

Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day - more than the entire Gulf of Mexico produces now.

This new drilling is expected to raise U.S. production by at least 20 percent, or a million barrels per day, over the next five years. And within 10 years, it could help reduce oil imports by more than half, advancing a goal that has long eluded policymakers.

Oil engineers are applying what critics say is an environmentally questionable method developed in recent years to tap natural gas trapped in underground shale. They drill down and horizontally into the rock, then pump water, sand and chemicals into the hole to crack the shale and allow gas to flow up.

http://www.charlotteobserver.com/2011/02/09/2048543/new-dril...

Environmental activist groups say that hydraulic fracturing has a significant environmental impact, with arguments centered around the extent to which fracturing fluid used far below the earth's surface and will pollute fresh water zones, will contaminate surface or near-surface water supplies, impact rock shelf causing seismic events or lead to surface subsidence. However, well casing failures and failures of the gas well grouting systems may have been responsible for gas migration into drinking water aquifers in Dimock, Pennsylvania. Also, water-related pollution events that occur from hydraulic fracturing are on or relatively-near the surface. With the transport, handing, storage and use of chemicals, and chemical-laden water, on sites, accidents that release materials into the environment may occur.

http://en.wikipedia.org/wiki/Hydraulic_fracturing

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Gasland

This makes me think of Gasland.

Trailer
http://www.youtube.com/watch?v=dZe1AeH0Qz8

Yep,

me, too :(

When filmmaker Josh Fox receives his cash offer in the mail, he travels across 32 states to meet other rural residents on the front lines of fracking. He discovers toxic streams, ruined aquifers, dying livestock, brutal illnesses, and kitchen sinks that burst into flame. He learns that all water is connected and perhaps some things are more valuable than money.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

sounds like a good idea to me

As long as they enforce property rights and make the companies liable for any environmental damages to other people's property, oh wait, they don't enforce property rights. damn!

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

Not

such a good idea after all, is it?

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Well idk

Not with the system now but if property rights were enforced from the beginning of industrialization we'd prob be in a position to do it safely.

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

Who owns "government"

Who owns "government" property that is damaged?

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Interestingly enough,

The top 10 list of states with the highest percentage of federally owned land looks like this:

Nevada           84.5%
Alaska            69.1%
Utah               57.4%
Oregon           53.1%
Idaho              50.2%
Arizona           48.1%
California        45.3%
Wyoming         42.3%
New Mexico     41.8%
Colorado          36.6%
 
http://bigthink.com/ideas/21343

My question is - who is going to pay for the damage?

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

sadly

this land should not be federally owned and should be sold off to private sectors.

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

That may be true,

but even sadder still, is that the imminent sickness and death to the human populace and wildlife in the area of the fracking is much less important to many than the money which might be saved on the oil.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Yeah

It is pretty sad that money is more important. That's why if property rights were enforced they'd have to prevent any harm from surrounding areas by creating the safest procedures possible and making it less detrimental to the environment. Sadly we have a lot of pollution due to a disgusting court ruling during the industrial revolution that allowed companies to pollute, just no more then others and the farmers had to deal with their crops dying on their own.

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

Very

sad :(

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Its not even federally owned

Its not even federally owned land. My point was that protected public property from damage is just as sacred as private property.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Absolutely!

And as far as who will pay...
I'm afraid we all will.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

like I'm really going to get

like I'm really going to get into another annoying argument with you.

Commerce with all nations, alliance with none, should be our motto. - T. Jefferson rЭVO˩ution

"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.” - BASTIAT

bump

Thanks for posting.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Well,

I wonder which will win out...
the companies who are investing billions of dollars to get at oil deposits or the environmental activist groups who say that hydraulic fracturing has a significant environmental impact?

God help us.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi