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SB 
Member since Jun 11, 2011


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Re: “Music video explains fracking

I just read a concedely 1-sided regional news summary @ nofracking.com. which nonetheless appears to make alot of sense in view of the points related on this blog:

Texas oilman and corporate raider T. Boone Pickens is a major financier and evangelist of natural gas exploration across the United States, from the Haynesville Shale to the Marcellus. He claims that natural gas paves the road to energy independence in his "Pickens Plan4." He says that it's "green," and it seems he came to this realization right around the time his oil wells stopped being productive. Interestingly, according to BusinessWeek, "Pickens owns more water than any other individual in the U.S. and is looking to control even more5." So, if all goes according to his Plan, groundwater across the country will end up contaminated by the energy we buy from him, but he will be able to sell us all the clean water we need. Pickens Plan? We say slim pickings, man!

ENERGY PRODUCERS CAN SWITCH LANES

You can either drill, frack, and extract for a decade or two while neglecting the need for renewable energy development and deployment, or just skip the wasteful and dangerous extraction process altogether by funding and enabling renewable energy research, development, and production now. Why wait? Switching lanes could actually make up the loss of the big annual payday associated with these natural gas plays over time, not to mention provide a huge reduction in external costs and the associated legal and regulatory risks. Did you know that you could now harvest methane from landfills and sewage sludge? It would be a PR dream for your companies if the biggest domestic side-effect of your production process in our neck of the woods was getting rid of that odor in Jersey. What's more, couldn't you repurpose much of your existing equipment to, say, install geothermal heat pumps, or use old drilling rigs as towers for industrial wind turbines, or even apply horizontal drilling techniques to create minimally-obtrusive paths for cable runs to get all this renewable energy from point of capture to point of use? That would yield revenue in perpetuity, paying off less up front but more valuable in the long-term. The NPV analysis is up to you, but that perpetuity formula is pretty attractive.

Posted by SB on 06/11/2011 at 2:05 PM

 

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