By Bob Sheak
President Obama has echoed the oil and gas industry’s claim that the U.S. has a 100-year supply of natural gas, mostly from shale formations. And these claims will make the U.S. energy independent, a new Saudi Arabia. This claim has been challenged by Richard Heinberg, J. David Hughes, and others, at the website The Post Carbon Institute and sites like shalebubble.org. Continue reading
A Response to Robert W. Chase’s article “Five Myths About ‘Fracking’” in the Akron Beacon Journal, Jan 26, 2012
Part 2: Five Fracking Myths Revisited — Illusion and Reality of the Fracking Industry
By Bernhard Debatin
As we have seen in Part 1: Unquestioned assumptions about Shale Gas Extraction, Robert Chase, who recently appeared on a local WOUB Newswatch show on fracking, starts his professed debunking of fracking myths with an introduction that heavily relies on the unquestioned and unsubstantiated mythology of “more than 100 years’ worth inexpensive, environmentally attractive energy.”
How bad the situation actually is — overestimated recoverable gas resources, a financial Ponzi scheme, and an environmentally devastating record of the fracking industry — has recently been reported in an in-depth article by Jeff Goodell, author of Big Coal, that was published in the March 1, 2012, edition of the Rolling Stone. The piece, titled The Big Fracking Bubble: The Scam Behind the Gas Boom also uncovers the autocratic rule and political entanglements of Chesapeake CEO A. McClendon, whom Goodell calls an “influential right-wing power broker” like the “Tea Party-financing Koch brothers.” Incidentally, this makes Chesapeake’s $26 million donation to and its acceptance by the Sierra Club even more despicable.