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Fracking 101: An Explanation for Those of You Who Are Fractivists

ConservanciesGeorge P. Ahearn, Phd
Co-founder and Former President and CEO
GEO Specialty Chemicals, Inc.

 

A simple lesson in fracking for those of you who are fractivists and simply don’t understand the process, the safety of the material used or plain reality.

The Process

Hydraulic fracturing (a/k/a fracking) is a process for creating a large number of open pathways in the reservoir rock or shale, which allows the oil and gas stored in the pore structure to easily flow towards a wellbore. In effect, it extends the wellbore from about 7 inches to 20 feet! In shale rock, where the flow paths between these pores is very small (oil and gas will only flow 5-10 inches a year, naturally) the effect is astounding.

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CalPERS Cuts Off Nose to Spite Pensioners in Bid to be PC

keep-it-in-the-ground

Keep It Grounded In Fact
(American Fuel & Petrochemical Manufacturers)

  

Managers of the California Public Employees Retirement System (CalPERS) are investing in solar projects to be PC, against the interests of its pensioners.

What would you say is the main responsibility of a pension fund? If you came up with the intuitive “to pay out pensions,” you’re right. Unfortunately, too many pension fund managers seem to treat their role as a soapbox for advocating their personal beliefs using other people’s money. And “Point of No Returns,” a report released this week by the American Council for Capital Formation (ACCF), found that California pensioners and taxpayers will be paying the price for this investment activism.

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Lesson from the BP Spill — Where Did All the Oil Go?

ConservanciesGeorge P. Ahearn, Phd
Co-founder and Former President and CEO
GEO Specialty Chemicals, Inc.

 

We all remember the BP spill in 2010, but do we know where all the oil went? Thanks to science, a dispersant broke most of it up and it was bio-degraded.

This story is reprinted from Dr. Ahearn’s e-book “America’s Reluctant Transformation” published by Amazon in March, 2012.

The Ocean Horizon blow-out of 2010 was under control after 100+ days once the well was capped and oil was no longer spewing into the Gulf of Mexico. At that point all sorts of scientists, environmentalists, and government agencies were out there in planes and ships looking for the oil but couldn’t seem to find it, except for some disconnected patches. Some 40-60,000 barrels per day were released for almost 100 days, where did it all go?

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Florida Legislators Think Oil and Sunshine Don’t Mix

ConservanciesGeorge P. Ahearn, Phd
Co-founder and Former President and CEO
GEO Specialty Chemicals, Inc.

 

Florida legislators resist the economic oil boom and debate a fracking ban in their state believing that oil and sunshine don’t mix.

A recent commentary in the local press of Southwest Florida, suggested renewable energy is the future, but the author reluctantly resigned himself to the fact oil is the preferred energy source for now.

We may add that “now,” based on the pace of progress made in renewables such as solar, wind, geothermal, and biofuels, may well be the next century. The oil and gas industry has made great strides in finding, producing, and transporting hydrocarbons which has further extended the life and lowered the cost of these energy sources.

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Hard Lesson: Some in Pipeline Industry Play Into Enemy Hands

"Environmentalists" - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The pipeline industry has received a hard lesson about how not to play into the hands of its most vicious enemies who saw opportunity and grasped it.

Venezuelan President Nicolas Maduro, a modern day Dante, seems intent on inflicting on his people ever deeper stages of hell.  The next will be a likely sovereign debt default.  Since the sham plebiscite chose a new Constitutional Assembly, Venezuela’s currency has tanked, increasing the pain felt by ordinary citizens.  A sovereign default will make it much more difficult for Venezuela to sell its oil, the one asset it has left.

As I’ve written numerous times, it all comes down to the junior officer corps of the Venezuelan military.  They are the ones who haven’t stashed huge amounts of cash abroad yet must order their troops to fire on starving Venezuelans.  Will they continue to do so?  Will they agree to change from firing mostly tear gas at the citizens to live ammunition?   If so why?

Under these circumstances, the shale revolution gives us the benefit of time.  Oil prices are not gyrating wildly. Thanks to shale, we have the option of sitting back, doing nothing, letting Maduro self-destruct, and quietly working with the junior officers.  It may not work, but it’s a much better position to be in than one in which our entire economy, and that of the world, were facing a crisis similar to the 1973 or 1979 oil shocks.

Back in Pennsylvania, last week saw a significant development whose repercussions may be felt for years.  For the gas industry, it is entirely a self-inflicted wound.

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Taxes and Regulation: The Twin Banes of Natural Gas Development

"Environmentalists" - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

Natural gas development isn’t easy. Politicians want to tax it and regulate it. The pols are now in a bind, though, and offering to trade one for the other.

Pennsylvania’s House of Representatives continues to struggle with the funding plan needed to balance the $32,000,000,000 state budget allowed last month by Governor Wolf to come into law. To pay for it, the Senate agreed for the first time to impose a mineral extraction tax. In return the Senate gave some permitting relief to the natural gas industry. The House has not presented its plan, but as the days drift on it looks more and more possible that they could follow the Senate regarding an extraction tax. They don’t seem to have many other options.

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Vote Today in Venezuela Critical for Oil and Gas

"Environmentalists" - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

The vote today in Venezuela will be hugely important to the future of oil and gas everywhere as citizens decide if they want a future other than socialism.

This is just a reminder that today will be one of the most dramatic and significant days in the history of the development of shale gas and oil.  This is the day that Venezuela, home to the largest proven oil reserves in the world, holds a plebiscite to select a new Constituent Assembly.  This body actually will have power to rewrite the Venezuelan Constitution, meaning it can annul decrees of the current National Assembly, the Courts and even the President himself, Nicolas Maduro.  Critics say the new body is handpicked by Maduro and will be used by him to become a dictator.

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Are Anti’s Changing Their Minds About Fossil Fuels?

"Environmentalists" - MarkindDaniel B. Markind, Esq.
Weir and Partners, LLP

 

Is it possible some of the biggest anti fossil fuels advocates are changing their minds? Mark Zuckerberg appears to be; even meeting with oil and gas workers.

Facebook founder Mark Zuckerberg visited Williston, North Dakota last week as part of his quest to visit all 50 states, sparking questions about a possible Presidential run.  While in Williston, Zuckerberg met with oil and gas workers in an unusual display for a Silicon Valley mogul.

He actually talked to the people and did not issue the standard “fossil fuels are evil” press statement.  Instead, Mr. Zuckerberg donned a hard hat, mingled and took to Facebook to remind people that while he sees climate change as one of the world’s most important issues, he encourages people to go out and learn about the situation from all perspectives.

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DRBC Invested in Oil and Gas? Talk About Fracking Hypocrisy!

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

… 

The stark hypocrisy of the DRBC, which supposes it has the authority to prevent fracking in the basin, while its cash is invested in oil and gas is amazing.

A review of the most recent audit of the Delaware River Basin Commission (DRBC) reveals the disingenuous nature of the agency’s seven-year moratorium on fracking. It pretends, on one hand, that it just can’t make up its mind on allowing the practice anywhere near the Delaware, while investing its cash in the New Jersey Cash Management Fund, where a review indicates oil and gas company stocks are among the favorite equities it purchases.

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Don’t Be Fooled; Natural Gas Is the Future Thanks to Fracking

cost of renewables - Tom ShepstoneTom Shepstone
Natural Gas NOW

… 

Fracking has made natural gas the king of fuels and poised the US for energy dominance in a world of foolish pursuits and windmill tilting it cannot afford.

Yet another Today In Energy post from the Energy Information Administration demonstrates the power of fracking and the rise of natural gas as the future of energy for our nation and the world. The US is, as the Trump administration has suggested, poised not only for energy independence but also energy dominance. Germany and much of Europe are flailing about subsidizing wind and other energy sources, distorting markets to the point of nonperformance while exploding electric rates. Meanwhile, here in the US, fracking has delivered ever cheaper energy in the form of oil and gas, which continue to be completely dominate here.

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