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VIDEO: UK fracking 'could yield billion barrels'
2014-05-23 00:21:05| BBC News | Business | UK Edition
A government report on fracking is set to announce that a potentially huge supply of untapped energy is located below the surface of the earth in southern England.
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UK fracking 'could yield billion barrels'
2014-05-23 00:21:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: A government report on fracking is set to announce that a potentially huge supply of untapped energy is located below the surface of the earth in southern England. The BBC understands that geological surveys suggest there are several billion barrels of oil trapped in shale rock beneath the Weald - an area spanning parts of Sussex, Hampshire and Kent.
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Write-down of two-thirds US shale oil explodes fracking myth
2014-05-22 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Next month, the US Energy Information Administration (EIA) will publish a new estimate of US shale deposits set to deal a death-blow to industry hype about a new golden era of US energy independence by fracking unconventional oil and gas. EIA officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600...
Santa Cruz becomes first California county to ban fracking
2014-05-20 21:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Santa Cruz on Tuesday became the first California county to ban fracking, the latest in a string of moves by local governments in the state to take a stand against the controversial oil and gas producing method. Fracking, or hydraulic fracturing, relies on injecting water, sand and some chemicals deep beneath the earths surface to break up rock and free up oil and gas trapped below. Environmentalists say the chemicals used in the process can pollute underground water supplies and cause other...
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Will Utilities Pay Price For Fracking?
2014-05-20 16:42:35| oilandgasonline Home Page
Water utilities can expect a major financial hit as the fracking industry grows if the controversial process contaminates the water supply, according to one ratings agency.
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