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A Quick Whirl Around The Fracking World: 16 Oct 2014

A Quick Whirl Around The Fracking World:

*Worldwide. October 11 was the date for the third Global Frackdown. Participants took to the streets “in at least 32 countries on six continents and over 30 states across the US.” “Thousands Unite . . . From Bulgaria to Lithuania from the UK to CA.” From Alice Springs, Australia to Holyrood, Scotland; Senedd, Cardiff; London Frack Crackdown; Lavender Farm, Lewis County, WV ; Cincinnati, OH’s Fountain Square; Nassau County, NY’s Long Beach; OH’s Youngtown/Warren Regional Chamber!

*Worldwide.  A new study (originally in Nature) “finds that natural gas is essentially useless as a climate solution unless it is buttressed by new policies that discourage carbon pollution and promote investment in renewable energy.”  Or, put simply, “fracking alone won’t save us”, contrary to statements by President Obama and others.  Even “unrestrained global fracking” will not “tackle global warming by replacing coal and cutting carbon emissions”.  It would cut energy prices, though, thereby “squeezing out renewable energy”.

*USA.  “American and European energy companies, not to mention the oil rich members of OPEC, are flooding the global market for cheap oil.”  Does this have anything to do with putting a squeeze on Russia?   We are being told that lifting the ban on US oil exports would have a positive effect on the US manufacturing sector.

*USA.  The US “energy boom” is threatened by recent drops in oil prices.  On Monday, oil traded for $85/barrel, 20% less than this past summer.  Could “a drop into the $70 to $80 range [trigger] meaningful cutbacks in investment in U.S. production”?

*USA.  As  oil prices fall,  oil drillers in our fair land—dotted as it is with drilling rigs and oil “spills”—are concerned that “The fundamental problem is that [while] the world is awash with oil, . . . demand for energy is growing more slowly” and there’s “tepid growth” in the world’s economies.

*USA. Could it be?  “U.S. Oil Producers May Drill Themselves Into Oblivion.

*USA.  We get all that plastic that permeates our lives from oil, and we can convert it back into oil using pyrolysis—resulting in an estimated $9 billion in annual U.S. economic output and as many as 40,000 jobs .  Delighted to report the process of converting plastic to oil is called—wait for it—cracking.

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A Quick Whirl Around The Fracking World: 16 Oct 2014

*Worldwide. October 11 was the date for the third Global Frackdown. Participants took to the streets “in at least 32 countries on six continents and over 30 states across the US.” “Thousands Unite . . . From Bulgaria to Lithuania from the UK to CA.” From Alice Springs, Australia to Holyrood, Scotland; Senedd, Cardiff; London Frack Crackdown; Lavender Farm, Lewis County, WV ; Cincinnati, OH’s Fountain Square; Nassau County, NY’s Long Beach; OH’s Youngtown/Warren Regional Chamber!

*Worldwide.  A new study (originally in Nature) “finds that natural gas is essentially useless as a climate solution unless it is buttressed by new policies that discourage carbon pollution and promote investment in renewable energy.”  Or, put simply, “fracking alone won’t save us”, contrary to statements by President Obama and others.  Even “unrestrained global fracking” will not “tackle global warming by replacing coal and cutting carbon emissions”.  It would cut energy prices, though, thereby “squeezing out renewable energy”.

*USA.  “American and European energy companies, not to mention the oil rich members of OPEC, are flooding the global market for cheap oil.”  Does this have anything to do with putting a squeeze on Russia?   We are being told that lifting the ban on US oil exports would have a positive effect on the US manufacturing sector.

*USA.  The US “energy boom” is threatened by recent drops in oil prices.  On Monday, oil traded for $85/barrel, 20% less than this past summer.  Could “a drop into the $70 to $80 range [trigger] meaningful cutbacks in investment in U.S. production”?

*USA.  As  oil prices fall,  oil drillers in our fair land—dotted as it is with drilling rigs and oil “spills”—are concerned that “The fundamental problem is that [while] the world is awash with oil, . . . demand for energy is growing more slowly” and there’s “tepid growth” in the world’s economies.

*USA. Could it be?  “U.S. Oil Producers May Drill Themselves Into Oblivion.

*USA.  We get all that plastic that permeates our lives from oil, and we can convert it back into oil using pyrolysis—resulting in an estimated $9 billion in annual U.S. economic output and as many as 40,000 jobs .  Delighted to report the process of converting plastic to oil is called—wait for it—cracking. (more…)

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