Re: Texas
AskAsa
8/1/2011 12:39:25 PM
I'm eager to see how this manifests itself when the law actually goes into effect, and whether other states will follow.
Drivewaygirl,
Thanks for your input and Insight!!!
My personal feeling is that State Environmental Authorities should get in on the issue of Water usage.Water (as I am sure you will agree) is a scarce resource and needs to be protected first for Agriculture ,then for Human Consumption ,then a buffer (of atleast two years in case of a Drought) and anything above that should be avaiable to Industrial Consumers (they for sure should pay significant amounts for it).
Regards
Ashish.
Perry's position
AskAsa
7/28/2011 10:15:29 AM
Do you see Texas Gov. Perry's position on this fracking disclosure law a matter of environmental stewardship or a way to impress a national constituency in anticipation of a run for the Presidency?
Hi Ashish,
Let me clarify that I'm not an energy expert-I just happened to be in Texas during discussion of this legislation. So I think it's a great topic for more posts. For now, let me tell you what I know:
The legislation creates two avenues of disclosure.
- For chemicals subject to Material Safety Data Sheets, it requires the well operator to post the list of chemical ingredients on a publicly-accessible website.
- For non-MSDS chemical ingredients intentionally included in the fluid, the legislation requires the information to be provided to the Texas Railroad Commission in a publicly-accessible form.
The legislation, which goes into effect next year, has drawn criticism because it requires disclosure of the chemicals, but not the precise amounts in order to protect trade secrets. The Sierra Club called it "just a step in the process."
In addition to the chemicals and ingredients, well operators are required to notify the Texas Railroad Commission about the total volume of water used for hydrofracking operations.
Driveway,
could you kindly elaborate more on this new legislation passed by Texas Govt?
What impact/implications will it have on the entire industry as well to the State of Texas?(after all is'nt Texas one of the Biggest benefeciaries of the Shale Gas boom???)
Does the legislation have any teeth?What if companies refuse to comply???
Will the Fines be punitive enough to force offenders into action???
So many questions which only you can answer!!!
Thanks for bringing up this topic.
Ashish.
Texas set a national precedent last month when the governor signed a bill into law that requires oil and gas operators to publicly disclose the specific chemicals used in the fracking process. This should bring some much needed transparency into the industry.
Re: gasoline prices
AskAsa
7/27/2011 12:40:28 PM
Interesting illustration. What bothers me is how rapidly the price escalates on any turmoil, without apparent relationship to existing supply or source of the imports.
Re: gasoline prices
Jacob
7/27/2011 7:22:26 AM
Noreen, most of the Gulf countries are economic systems are builds up on oil revenue. These countries are rich in crude oil and their entire revenue and luxury lives are depended on income from crude oil. Since the demand for oil is high, they are keeping the higher pricing policy. Once other countries starts explores alternate energy sources; of course the demand may come down and force them to reduce the price.
Re: gasoline prices
Broadway
7/26/2011 10:51:58 PM
Tar sands oil is notoriously filthy stuff to dredge up---bad for the environment and probably not the best for carbon. That gets to another problem with fracking---besides its enviro impact, it does not help when it comes to carbon.
Well, here's a handy illustration. The price of crude is significant, but not the only component of the price.
Keep in mind something else, too: much of Canada's oil is from unconventional resources (loosely defined as resources that are more challenging to extract than conventional ones.) About 174 billion barrels of oil is in Canada’s vast “tar sands” --the Athabasca, Peace River and Cold Lake deposits in northern Alberta.
So it's closer and easier to import, but harder to extract than most of the oil in the Middle East.
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