fracking

News

Is the Energy Boom a Mirage?

Published: 
Tue, 09/04/2012 (All day)
Category: 
Energy

THE United States is experiencing a boom in oil and natural gas production — one that many people, including Mitt Romney, see as a game-changing, tectonic shift in our energy picture. But while the boom is real, the benefits are less than meet the eye.

The United States produces 1.6 million more barrels of oil each day now than it did in 2008. That’s a significant increase in a world that consumes around 89 million barrels per day, with the United States accounting for about a quarter of that amount. In addition, America’s net petroleum imports have fallen from 60 percent of total consumption in 2005 to 42 percent today. 

News

Bloomberg Backs ‘Responsible’ Extraction of Gas and Pays to Help Set Up Rules

Published: 
Sun, 08/26/2012 (All day)
Category: 
Energy

After giving away a chunk of his personal fortune to the cause of eliminating coal-fired power plants, Mayor Michael R. Bloomberg is opening his checkbook in support of “responsible” extraction of natural gas by hydraulic fracturing.

News

Let's Close the Information Gap About Fracking

Published: 
Mon, 06/11/2012 - 7:25am

 

The oil and gas industry wants to withhold information even from regulators about the exact formulation of the fluids injected into the ground during fracking, calling them trade secrets.

By Michael Hiltzik

News

North Dakota: riding the oil rush

Published: 
Mon, 05/14/2012 - 3:17pm

Oil has brought money and jobs to this sparsely populated region – but residents fear a ban on fracking will stop the boom