You're invited to a briefing exposing the lie of a long-term fracking boom.
The briefing will include a presentation by David Hughes, the analyst who accurately predicted the 90% downgrade of California’s Monterey Shale.
Deborah Rogers, internationally renowned fracking economics expert, to present and take questions
As Colorado's Front Range communities wrestle with hydraulic fracturing-enabled oil and gas development, residents should know the fracking boom may provide only a short period of oil and gas abundance before collapsing in an economic bust.
Prior to testifying before the Energy and Minerals Subcommittee of the House Natural Resources Committee
“Mining in America: The Administration’s Use of Claim Maintenance Fees and Cleanup of Abandoned Mine Lands”
The House Energy and Minerals Subcommittee of the House Natural Resources Committee is shining a welcome spotlight on the 1872 Mining Law. It’s outrageous that the 1872 Mining Law gives mining companies all the power while taxpayers have none.
Albany, New York—With several bills pending in the New York legislature related to natural gas development in the state, elected officials were briefed today on new research revealing its economic limitations.
Hosted by Citizens Campaign for the Environment, Earthworks, Energy Policy Forum, Environmental Advocates of New York, Frack Action, and the Post Carbon Institute, the briefing focused on two groundbreaking reports released this spring. In sum, scientific and financial analyses show that the medium- to long-term benefits of shale fracking may be illusory and more similar to the housing bubble than the economic silver bullet promised by the gas industry.
The reports, “Drill Baby Drill” by veteran coal and gas geologist David Hughes and “Shale and Wall Street” by financial analyst Deborah Rogers, assess the economic sustainability of the tight oil and shale gas booms that are sweeping America—and could come to New York through fracking in the Marcellus and Utica Shale formations. They comprise a thorough and up-to-date analysis of data on more than 60,000 oil and gas wells and a comprehensive review of the financial status of the companies leading the charge to expand domestic fossil fuel development.
The rosy picture from the natural gas industry: A nearly endless supply of energy, jobs, security, and economic growth. Diving in to the projections provided to us by drilling proponents requires a critical look at their underlying assumptions. Economists and other experts studying how much we have, how much its worth, how many jobs created, and how much economic growth generated use complicated algorithms to provide numbers for each of these values.