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A Quick Whirl Around The Fracking World: 13 Nov 2014

A Quick Whirl Around The Fracking World:

*Worldwide.  Governments spend $88 billion/year subsidizing oil, gas and coal companies.  Subsidies by country include: $5.2 billion – US, $3.5 billion – Australia, $2.4 billion – Russia and $1.2 billion – UK.  $1.4 billion spent by the US is for “exploration in Columbia, Nigeria and Russia” while Russia subsidizes “exploration in Venezuela and China” while China subsidizes exploration in “Canada, Brazil and Mexico.”  Full report here.

*Worldwide.  An international oil and gas network called Information Sharing and Analysis Centers lets members “share information anonymously without fear that it will be subject to FOIA requests or anti-trust violations.”  Info is shared between the industry and the government, too—but not with you and me.  ISAC FOIA exemption was in—you guessed it—The Homeland Security Act.

*US.  To the surprise of absolutely no one, soon-to-be Senate Majority Leader Mitch McConnell (R-KY) has vowed to “fight the [carbon pollution] rules” from the Environmental Protection Agency—and get the Keystone XL pipeline built.  Soon-to-be Ex-Leader Harry Reid (D-NV) and his Democrats are proposing approving Keystone “in the lame-duck session.”  They’re doing this because Sen. Mary Landrieu (D-LA) wants to be re-elected. Update: Senate vote probable next week, with 60 Ayes.  Update:  Excellent summary by the Guardian.

*US.  What if they vote for the pipeline and President Obama vetoes it?

*US.  “What if they voted for a pipeline but nobody came?”  Current price of oil on the market is $76.67/barrel, while the cost of producing that Alberta tarsands oil is $85 – $110/barrel.  Remember, also, that AK Gov. Sarah Palin (R) approved the natural gas Alaska-to-Midwest pipeline in 2007, but it was never built once gas prices went below production costs.

*US.  President Obama and China President Xi Jinping have agreed to cut levels of greenhouse gas emissions in the future—26 – 28% by 2025 in the US while China says its emissions will peak by 2030.  Does anyone really think the US Congress will approve this?

*US.   “14,000+ newly fracked wells and 7 billion gallons of produced and flowback water” were produced in the US in 2013?  More.

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A Quick Whirl Around The Fracking World: 13 Nov 2014

A Quick Whirl Around The Fracking World:

*Worldwide.  Governments spend $88 billion/year subsidizing oil, gas and coal companies.  Subsidies by country include: $5.2 billion – US, $3.5 billion – Australia, $2.4 billion – Russia and $1.2 billion – UK.  $1.4 billion spent by the US is for “exploration in Columbia, Nigeria and Russia” while Russia subsidizes “exploration in Venezuela and China” while China subsidizes exploration in “Canada, Brazil and Mexico.”  Full report here.

*Worldwide.  An international oil and gas network called Information Sharing and Analysis Centers lets members “share information anonymously without fear that it will be subject to FOIA requests or anti-trust violations.”  Info is shared between the industry and the government, too—but not with you and me.  ISAC FOIA exemption was in—you guessed it—The Homeland Security Act.

*US.  To the surprise of absolutely no one, soon-to-be Senate Majority Leader Mitch McConnell (R-KY) has vowed to “fight the [carbon pollution] rules” from the Environmental Protection Agency—and get the Keystone XL pipeline built.  Soon-to-be Ex-Leader Harry Reid (D-NV) and his Democrats are proposing approving Keystone “in the lame-duck session.”  They’re doing this because Sen. Mary Landrieu (D-LA) wants to be re-elected. Update: Senate vote probable next week, with 60 Ayes.  Update:  Excellent summary by the Guardian.

*US.  What if they vote for the pipeline and President Obama vetoes it?

*US.  “What if they voted for a pipeline but nobody came?”  Current price of oil on the market is $76.67/barrel, while the cost of producing that Alberta tarsands oil is $85 – $110/barrel.  Remember, also, that AK Gov. Sarah Palin (R) approved the natural gas Alaska-to-Midwest pipeline in 2007, but it was never built once gas prices went below production costs.

*US.  President Obama and China President Xi Jinping have agreed to cut levels of greenhouse gas emissions in the future—26 – 28% by 2025 in the US while China says its emissions will peak by 2030.  Does anyone really think the US Congress will approve this?

*US.  “14,000+ newly fracked wells and 7 billion gallons of produced and flowback water” were produced in the US in 2013?  More. (more…)

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