Destroying Energy Security, Part 3

…Destroying Energy Security, Part 3… This is the last of three articles examining the potential effects of incorporating climate change and sustainability measurements in audited financial statements. Note that the SEC’s current proposals are restricted to climate change, while international Continue reading Destroying Energy Security, Part 3

Winners and Losers If Fracking is Stopped

…Winners and Losers If Fracking is Stopped… Generally speaking, Saudi Arabia and Russia are winners, while Americans are losers. Let’s examine the specifics. Oil A fracked well’s production declines rapidly. By the end of two years, the well is only Continue reading Winners and Losers If Fracking is Stopped

The Next Shale Oil Battle

Diagram of fracking operation. Diagram source not known.

…The Next Shale Oil Battle… Over the past several years, shale oil production has ballooned as the result of fracking. Today, shale oil represents about half of the crude oil produced by the United States. Shale oil production, as well Continue reading The Next Shale Oil Battle

Water and Fracking

…Water and Fracking… Water is back in the news for two reasons. First, the amount of water used and extracted from wells has increased the probability of earthquakes. Second, the possibility of water shortages has raised concerns about the availability Continue reading Water and Fracking

Saudi Arabia Capitulates

In August 2015, Saudi Arabia declared war on shale oil development in the United States. In October 2016, Saudi Arabia capitulated. As in any conflict, there have been casualties. Perhaps 60 U.S. drilling companies have declared bankruptcy. Stock prices of Continue reading Saudi Arabia Capitulates

VP Biden in Europe Supports Fracking

Speaking in Stockholm, Vice President Biden warned Europe against the proposed Nord Stream-2 pipeline that would bring more Russian gas to Germany. The existing 745-mile long underwater Nord Stream Pipeline, under the Baltic, brings large quantities of Russian natural gas Continue reading VP Biden in Europe Supports Fracking