Sanders & Ocasio-Cortez Introduce Bill Completely Banning Fracking Nationwide Within 5 Years

By -
From Law 360:
Leading progressive Democrats have introduced what they say is Congress’ first-ever proposal to ban fracking across the United States, with immediate limits ramping up to total prohibition by 2025. 
The Fracking Ban Act was introduced Friday by Sen. Bernie Sanders, the Vermont independent among the top Democratic presidential contenders, and Rep. Alexandria Ocasio-Cortez, the first-term New York liberal with a focus on climate change. Although unlikely to become law this year, with Republicans controlling the Senate and the White House, the measure may forecast how a progressive Democratic administration would approach energy policy. 
“If we are serious about clean air and drinking water, if we are serious about combating climate change, the only safe and sane way to move forward is to ban fracking nationwide,” Sanders said in a statement Friday. 
Fracking is an abbreviated term for hydraulic fracturing, which is a production technique that typically uses a high-pressure mixture of water and sand to fracture a shale rock formation and start the flow of oil or natural gas. Environmental groups are concerned that wastewater injection wells can pollute groundwater and cause earthquakes. Fracking enabled the domestic surge in production of natural gas, which contributes to climate change, albeit less so than other fossil fuels. 
As soon as the bill would became law, it would block new federal permits for fracking-related infrastructure. Next year, it would require the end of production at any well that has ever been fracked and is located within 2,500 feet of an inhabited structure. The technique would be banned outright across the country on Jan. 1, 2025.
Read the whole article by clicking here. 

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

By -
Image
From Energy in Depth: There is something very strange going on along Carter Road, in Dimock, Pennsylvania, and I’m not speaking of natural gas, methane migration, contamination, litigation or even the extensive water testing there by the EPA and others.  No, I’m talking about a new “Watergate” conspiracy, complete with 18 minutes of missing tape (well, video, actually). It seems the ever-present Green Party member and  naturist   Vera Scroggins  (a/k/a  Vera Duerga ) has posted a video of Craig Sautner meeting with the EPA.  Mysteriously, the video is but 14 seconds in length, cutting off conversation in what is obviously mid-stream.  It raises a question Craig Sautner, like  Ronald Reagan in Kings Row , might have asked, “Where’s the rest of me?’  Carter Road, isn’t Kings Row, of course, (at least not until you arrive at  the mansion Scott Ely, one of the Dimock litigants, is building with his royalty money ), but there appears to be a whole lot of film editing going on there to fi
Read more

The Second Largest Oil and Gas Merger - Cabot and Cimarex

By -
Image
       Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.      That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.      The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest.       The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividend on closing the deal while offering a quarterly variable div
Read more

Do You Know The History of Fracking?

By -
Image
  In 2018, 59% of total oil production in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years. That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking. Pre-Fracking Days The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping. On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to tw
Read more