Fracking is Worth Over $100 Billion a Year to US Consumers

Thu, 06/28/2012 - 16:53 EDT - oilprice.com

RDF10

Energy production is one of the few bright spots in the American economy. A back of the envelope cost-benefit calculation from a Yale-associated group estimates that recent increases in shale gas production have been worth just over $100 billion annually to US consumers. In comparison, the authors estimates that groundwater contamination costs $250 million per year, a 400 to 1 benefit to cost ratio. Click here for the full article and discussionRead more...

Original article
Login or register to post comments

Fracking water’s dirty little secret: recycling
LOS ANGELES — The oil and gas industry is finding that less is more in the push to recycle water used in hydraulic fracturing. Slightly dirty water, it seems, does just as good a job as crystal clear when it comes to making an oil or gas well work. Exploration and production companies are under pressure to reduce the amount of freshwater used in dry areas like Texas and to cut the high costs of hauling millions of barrels of water to oil and gas wells and later to underground disposal wells.
Fracking threatens Germany’s ‘absolutely pure beer,’ brewers say
German brewers called on Chancellor Angela Merkel’s government to block the tapping of shale gas by means of hydraulic fracturing, citing industry concerns that fracking could taint the purity of the country’s beer.
Fracking boom seen raising U.S. incomes by US$1,200 per household
Surging oil and natural gas production bought on by hydraulic fracturing is lifting the U.S. economy by lowering energy costs for consumers and manufacturers, according an industry-funded report.
Has the Shale Bubble Already Burst?
By Igor Alexeev. Cross-posted from Oil Price Just like the famous Gold Rushes of the 19th century, US shale gas development is turning out to be a limited and regional market opportunity. Across the Atlantic, the high financial and human costs to fracking also mean that Europe should forget any fantasies about repeating the US shale boom.
Shale skeptics take on the energy bulls
Where others see a U.S. energy revolution of cheap and abundant fuel, David Hughes sees a short-term bubble that will bring higher economic and environmental costs. The Canadian geoscientist, founder of the consultancy Global Sustainability Research, is part of a movement pushing back against conventional wisdom that the U.S. is on the verge of energy independence amid surging oil output and a 100-year supply of natural gas.
Study Finds no Trace of Fracking Fluid in Arkansas Drinking Water
Samples from drinking water wells show no evidence of groundwater contamination from shale gas production in Arkansas.“Our results show no discernible impairment of groundwater quality in areas associated with natural gas drilling and hydraulic fracturing in this region,” says Avner Vengosh, professor of geochemistry and water quality at Duke University’s Nicholas School of the Environment.Scientists sampled 127 shallow drinking water wells in areas overlying Fayetteville Shale gas production in north-central Arkansas.
Lessons from the U.S. Shale Revolution: It Wasn't from Gov't Planners, but Private Entrepreneurs
From today's WSJ editorial "The Shale Gas Secret": "One of the few bright patches in the Obama economy is the booming production of shale gas and, increasingly, oil. The U.S. ranked 159th in GDP growth last year. But in natural gas production, it's now No. 1.
The Arithmetic of Shale Gas: Consumer Benefits from Technology of Shale Gas Exceed $100 Billion
It's been well-documented now that falling prices for natural gas (see chart above) and the resulting drop in utility rates ha
Shale Gas Boom Helps to Slash CO2 Emissions, As Well as Create Jobs and Save Consumers Billions
The chart above shows the significant reduction in coal's share of total U.S.

Main menu

Secondary menu

Fracking is Worth Over $100 Billion a Year to US Consumers

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu