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Former Shale Gas CEO Says Fracking Revolution Has ...

Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message about shale gas drilling and fracking. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,”...

Total Ban on Fracking Urged by Health Experts: 1,5...

A comprehensive analysis of nearly 1,500 scientific studies, government reports, and media stories on the consequences of fracking released Wednesday found that the evidence overwhelmingly shows the drilling method poses a profound threat to public health and the climate. The sixth edition of the Compendium of Scientific, Medical, and Media Findings Demonstrating Risks and Harms of Fracking (the Compendium), published by...

Research links fracking to higher radon levels in ...

Map showing the distribution of 1,162 fracking wells in Ohio. Credit: The University of Toledo A new study at The University of Toledo connects the proximity of fracking to higher household concentrations of radon gas, the second leading cause of lung cancer in the U.S. Measuring and geocoding data from 118,421 homes across all 88 counties in Ohio between 2007 and 2014, scientists found that closer distance to the 1,162...

Pennsylvanians demand a fracking halt until rare c...

After a Pittsburgh Post-Gazette investigation identified 47 cases childhood cancer—most of them very rare—in several rural Pennsylvania counties, locals are calling on Governor Tom Wolf to investigate a possible link between fracking and childhood cancer. More than 100 organizations and 800 people have signed the letter requesting that all new shale gas permitting be suspended until the Department of Health can demonstrate...

Warren Buffett, Fear, and Greed in Fracked Oil Fie...

Warren Buffett, CEO of investment holding company Berkshire Hathaway, is considered one of the top investors in history and can back up that track record with a personal wealth of around $90 billion. Buffett is known for advising investors to be “fearful when others are greedy and greedy when others are fearful. In the U.S. fracked oil industry, this month can be read like a textbook version of Buffett’s fear and greed...

New research links fracking to earthquakes in cent...

In states like Ohio, Pennsylvania and West Virginia, hydraulic fracturing wells are more common than wastewater injections. April 26 (UPI) — Scientists have uncovered more evidence linking fracking to earthquakes, this time in the central and eastern United States. At the 2019 Seismological Society of America meeting, held this week in Seattle, researchers detailed the connection between hydraulic fracturing wells and...

After a decade of research, here’s what scientists...

“This should be of serious concern to policymakers interested in protecting public health.” Fracking has been linked to preterm births, high-risk pregnancies, asthma, migraine headaches, fatigue, nasal and sinus symptoms, and skin disorders over the last 10 years, according to a new study. Fracking, also known as hydraulic fracturing, is a process of extracting oil and gas from the Earth by drilling deep wells...

CDC, state officials investigating multiple cases ...

Many in the Canon-McMillan School District first learned about Ewing sarcoma, a rare childhood bone cancer, when Luke Blanock of the village of Cecil was diagnosed on Dec. 5, 2014. The media did stories about the community rallying around the smart, handsome teenager and his family, then returned on Feb. 19, 2016, to cover Mr. Blanock — pale, thin and having just been told he had only two weeks to live — when he married his...

Fracking 2.0 Was a Financial Disaster, Will Fracki...

Two years ago, the U.S. fracking industry was trying to recover from the crash in the price of oil. Shale companies were promoting the idea that fracking was viable even at low oil prices (despite losing money when oil prices were high). At the time, no one was making money fracking with the business-as-usual approach, but then the Wall Street Journal published a story claiming all of this was about to change because the...

Report: Cabot pulls the plug on drilling explorato...

MANSFIELD – Cabot Oil and Gas is pulling the plug on drilling exploratory wells in Ashland and Richland counties, according to a recent company conference call and media reports. On Feb. 22, Cabot President and CEO Dan Dinges said during a fourth-quarter earnings call that the company incurred dry-hole costs resulting from unsuccessful drilling results in a second exploratory area. “As a result, we do not expect...

Is there an increased incidence of retroperitoneal...

Abstract Background: Retroperitoneal malignancies are a rare group of cancers with an annual incidence of 2.7 cases per 1 million. Due to their rare occurrence, the understanding of these malignancies is very poor. The prominent oil industry in West Texas is a potential source for both occupational and environmental exposures of chemical carcinogens. We suspect that chemical exposures in the local environment have led to an...

Investigation: Clorox Selling Pool Salt Made From ...

You might be shocked to learn that a Clorox product used to treat swimming pools came from fracking wastewater. Public Herald has discovered that Eureka Resources, a company based in Pennsylvania, has been treating wastewater from shale gas development — a.k.a. “fracking” — and packaging the crystal byproduct as “Clorox Pool Salt” for distribution since 2017. The way it works is fracking wastewater gets trucked to Eureka...

Economics professor discovers concerning effects f...

Oil and gas “boomtowns,” such as Ohio’s Belmont County, may be bearing the costs of drilling without reaping all of its benefits, according to a newly published paper by Dr. Amanda Weinstein, assistant professor of economics at The University of Akron. Weinstein, along with coauthors Mark Partridge and Alexandra Tsvetkova from The Ohio State University, researched the flow of money in energy boomtowns...

Has U.S. shale oil entered a death spiral?

The bad news coming out of the shale oil fields of America could all be put down to slumping oil prices. That is certainly a big factor. But as investment professionals like to say, when the tide goes out, we all find out who’s been skinny-dipping. The pattern of negative news from shale country is not just related to price, however. Oil production, it seems, is being overstated industry-wide by 10 percent and 50 percent in...

Warning Signs Flash For U.S. Shale (2019)

The shale tidal wave may finally be starting to ebb. The largest oilfield services company in the world says that shale drilling activity is slowing, creating an uncertain outlook for 2019. The recent volatility in oil prices has created “less visibility and more uncertainty” on spending by shale companies in 2019, Schlumberger’s CEO Paal Kibsgaard said on an earnings call on January 18. Shale drillers are “generally taking...