Tag Archive for fracking economics

Shale Boom or Shale Bubble?

Come to a public discussion of fracking's false economic promise

Deborah Rogers, internationally renowned fracking economics expert,

to present and take questions

Deborah RogersDeborah will speak in three communities: Boulder, Broomfield & Fort Collins

As 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.

Analysis of more than 60,000 oil and gas wells shows:

  • Shale well production declines more rapidly than predicted.
  • The rate of drilling must increase to maintain current production.
  • Shale gas production has become uneconomical in many areas at current prices.
  • Wall Street has played a key behind-the-scenes role in hyping the fracking boom.
  • Industry is largely unwilling to invest in future shale development.

WHO:

Deborah Rogers, co-author of Shale Bubble reports, member of the U.S. Extractive Industries Transparency Initiative, advisor to the U.S. Energy Information Administration, former member of the Advisory Council of the Federal Reserve Bank of Dallas, and Earthworks board member.

WHAT:

An opportunity for the public to learn about and discuss the financial underpinnings of fracking-enabled shale development.

WHERE & WHEN:

Tuesday, October 22nd at 6:30 p.m.
Fort CollinsCouncil Tree Library, 2733 Council Tree Ave.

Wednesday, October 23rd at 6:30pm
BoulderColorado School of Law, Wolf Law Bldg, Rm 204, 2450 Kittredge Loop Rd

Thursday, October 24th at 7pm
BroomfieldLakeshore Room of the Broomfield Community Center, 280 Lamar St.

FOR MORE INFORMATION:

Contacts:

·         All events – Josh Joswick, Earthworks, at 970-903-0876, jjoswick@earthworksaction.org

·         Fort Collins – Kelly Giddens-Unuigbey, Citizens for a Healthy Fort Collins at 503-866-5962, kellygiddens@mac.com

·         Boulder – Kate Johnson, Boulder County Citizens for Community Rights at 303-579-9537, katej2555@msn.com

·         Broomfield – Laura Fronckiewicz, Our Broomfield at 312-533-0525, ourbroomfield@gmail.com

Read the research at www.shalebubble.org

HOSTING ORGANIZATIONS:

Earthworks, Citizens for a Healthy Fort Collins, Boulder County Citizens for Community Rights, and Our Broomfield with East Boulder County United, Erie Rising, Food & Water Watch, Frack Files of Weld County, Frack Free Colorado, Our Broomfield, Our Longmont, Plains Alliance for Clean Air & Water, Protect Our Colorado, Protect Our Loveland, Weld Air and Water, Women’s International League for Peace and Freedom Greeley Chapter, YES on 2H.

THE ORGANIZATIONS BEHIND THE SHALE BUBBLE RESEARCH:

The Energy Policy Forum addresses the serious long-term implications for U.S. energy consumers as America chooses course at the crossroads of potential energy futures.

The Post Carbon Institute provides individuals, communities, businesses, and governments with the resources needed to understand and respond to the interrelated economic, energy, environmental, and equity crises that define the 21st century. We envision a world of resilient communities and re-localized economies that thrive within ecological bounds.

“Be FrackSURE” Conference Announced by Our Longmont

Be FrackSURE logo -fracksure-sm

 

Longmont, CO…Our Health, Our Future, Our Longmont, the organization that sponsored the city charter amendment that banned hydraulic fracturing (fracking) in Longmont, will hold an educational conference on fracking (hydraulic fracturing) and its many perils.

“Be FrackSURE:  What you don’t know may WELL hurt you,” will be held on April 27, 2013, from 9 AM to 5 PM at the Plaza Conference Center (1850 Industrial Circle, Longmont) behind the Best Western Plus Plaza Hotel.  Tickets for the event are $38 to cover the costs of the event.  Pre-registration is necessary and tickets can be purchased at www.fracksure.org.

Dr. Anthony IngraffeaOur Longmont is thrilled to have Dr. Anthony Ingraffea as the Keynote Speaker at “Be FrackSURE.”  Dr. Ingraffea is the foremost engineering authority on fracture mechanics and holds the prestigious title of Dwight C. Baum Professor of Engineering in Cornell University’s Department of Civil and Environmental Engineering.   “With his partners in what has become known as the Cornell Study, Dr. Ingraffea revealed that, contrary to the never-ending mythology promulgated by the oil and gas industry, unconventional gas, procured by fracking likely emits more greenhouse gas pollution into the atmosphere during its life cycle than does coal,” said Our Longmont’s Kaye Fissinger.

In 2011, TIME Magazine named him one of its “People Who Mattered.”  Not only is Dr. Ingraffea among the “people who matter,” but he also recognizes that people matter in this battle with the oil and gas industry, politicians who embrace it, and regulators too closely tied to it.  When asked his position on the impacts of drilling for oil and gas using horizontal fracking, Dr. Ingraffea, with his vast knowledge in this area, unequivocally states, “Where shale gas development has not yet occurred, ban it.  Period. Where it is occurring, enact ironclad regulations, inspect for compliance with them with dogged diligence, and enforce them relentlessly with fines that really mean something.”

Dr. Geoffrey Thyne will be the featured speaker during the “Be FrackSURE” buffet luncheon.  Dr. Thyne, author or co-author of over 50 peer-reviewed scientific papers, will speak to the complexities of research and the influence of industry and government in academic settings.

Breakout sessions on the health ramifications of fracking on air and water and on the economic ramifications of fracking will include notable experts Phillip Doe, Wes Wilson, Shane Davis, Pete Morton and Jeanne Bassett.  Sam Schabacker, Mountain West Region Director for Food & Water Watch, will discuss ways for others to protect their communities from the dangers of fracking in urban areas where people live, work and play.

Said Michael Bellmont, spokesperson for Our Longmont, “No day would be complete without music and Our Longmont is proud to be able to present the acclaimed Hazel Miller, who has been called a ‘force of nature’ herself.  With her ‘stunning, moving, and powerful’ voice, Hazel has been a sought after performer in Colorado for the past 24 years. Whether she is singing blues, jazz, pop, or Gospel, her voice charges the songs with a primal dose of genuine soul.”

Our Longmont’s “Be FrackSURE” is proud to have Patagonia as its corporate sponsor.  Patagonia, a designer of outdoor clothing and gear, explains its sponsorship of Our Longmont’s “Be Frack SURE” conference, “We give at the grassroots level to innovative groups mobilizing their communities to take action.  This is our niche: supporting people working on the frontlines of the environmental crisis.”

Our Longmont encourages everyone who is concerned about fracking and who wants to be more fully informed by experts in their fields to join with them for this interactive, informative, day-long event.  Come celebrate the progress that has been made in Colorado to restrain and prohibit the dangerous practice of fracking, and to energize our continuing efforts to keep up the fight for our health, safety, property values and quality of life in Longmont, along the Front Range and throughout all of Colorado.

Detailed information can be found at www.ourlongmont.org/be-frac-sure/.