Fracking Risk?

[Cochise]

"Big Oil" makes a fraction of what "Big Government" makes on each gallon of gas. And they had to take all the risk and do all the work.

This is more true than most people realize. Fuel taxes are at an insane rate these days.

 

[Cochise]

Maybe we want to be the last ones to have it.

We should, don't you think? We do have a "large amount" of oil in the ground, but we use so much that, if we didn't source any from overseas, we would run out completely in 20-40 years, depending on whose estimate you believe. The people we have to buy oil from overseas are a pita to deal with, but we can still get it today. Who knows if we will have the option of buying foreign oil in 20 years. We need to keep what we have while we have options, as insurance against the day we run out of other options, imo.

 

[Neil09]

So...we don't want fracking because we are using up our own, or because it gets in your water?

 

[Jack]

So...we don't want fracking because we are using up our own, or because it gets in your water?

And it apparently causes earthquakes.

 

[Cochise]

All of the above. We should not be fracking.

 

[Leonidas]

Most of the majors run about 4 cents profit per gallon. Taxes are north of 50 cents.

 

[SpeedRacer]

I don't know what the hell the solution is, but I know when the thing you're doing causes freakin' earthquakes it's time to start looking at alternatives.

I don't think we'll ever see green energy. Even with the most hippie-ass administration in White House history, they've done nothing but give friends billions and accomplish nothing. Solyndra anyone?

 

[Vanilla Gorilla]

Most of the majors run about 4 cents profit per gallon. Taxes are north of 50 cents.

Yet they are all recording windfall profits and setting earnings records.

 

[Cochise]

Most of the majors run about 4 cents profit per gallon. Taxes are north of 50 cents.

The gas stations make about 4 cents a gallon, the corporate profit is more than a dollar per gallon afaik.

 

[DAVE_M]

I would love to see solid evidence that fracking is the sole cause of an earthquake.
Do I care if they start fracking near my home? Yes, but not because of earthquakes or water pollution.

 

[Jack]

I would love to see solid evidence that fracking is the sole cause of an earthquake.
Do I care if they start fracking near my home? Yes, but not because of earthquakes or water pollution.

Were earthquakes happening regularly in OK before extensive fracking?

- - - Updated - - -

Most of the majors run about 4 cents profit per gallon. Taxes are north of 50 cents.

Source?

 

[DAVE_M]

Were earthquakes happening regularly in OK before extensive fracking?

You tell me. I'm not a geologist. Nor do I care about what happens in Oklahoma.

 

[AK shooter]

Try living without oil, natural gas or things made from petroleum porducts.

 

[SpeedRacer]

Try living without oil, natural gas or things made from petroleum porducts.

I get that. It's just funny because a month ago it was "fracking is safe you guys are idiots" and now it's "yeah it may not be safe but so what you need oil!"

And no one is saying we could live without all, that's a silly argument. My question is are we in such desperate need of it that doing risky things to get it is necessary? I'm 100% certain there are ways to cut down our petroleum consumption as a nation.

 

[DAVE_M]

I get that. It's just funny because a month ago it was "fracking is safe you guys are idiots" and now it's "yeah it may not be safe but so what you need oil!"

And no one is saying we could live without all, that's a silly argument. My question is are we in such desperate need of it that doing risky things to get it is necessary? I'm 100% certain there are ways to cut down our petroleum consumption as a nation.

My only argument is this:
Whether fracking is good or bad, I don't care. What I do care about, is that someone is going to start altering the environment, for profits, near my home. Profits that I will never see. I am in no way, shape, or form, part of the efforts that will go into fracking near my home. So for me to be "for it" would be silly.

I will add, to go along with your quote, that we all depend on oil. There may be ways to cut back on consumption, but it will not last. I will also add, that as my occupation consists of working in the petrochemical industry, business is'a boomin' regardless of gasoline prices.

 

[Jack]

You tell me. I'm not a geologist. Nor do I care about what happens in Oklahoma.

Then why are you posting in a thread about fracking in Oklahoma? Did you read the article in the first post?

 

[some_goat]

Isn't there an oil boom going on in the Dakotas. If I'm not mistaken I think a lot of it is fracking. And I haven't heard anything about earthquake s up there. I've seen 2 documentaries on the subject. Gasland and Fracknation. This is a hot topic and there will be links scientific proofs and discoveries to both pros and cons on this sudject. The only thing I want to know is this. How long till my energy bill and price of gas goes down.

 

[Emperor]

Then why are you posting in a thread about fracking in Oklahoma? Did you read the article in the first post?

Now! Now! Understanding the thread point or argument has never been a pre-requisite for opining here.

Now what I, as the ultimate consumer, wants to know; is where the hell is my share of that giant oil deposit they found in Australia? I have a gas guzzling truck I need to keep full and a penchant for driving a lot with no particular reason to do so.

 

[AK shooter]

I get that. It's just funny because a month ago it was "fracking is safe you guys are idiots" and now it's "yeah it may not be safe but so what you need oil!"

And no one is saying we could live without all, that's a silly argument. My question is are we in such desperate need of it that doing risky things to get it is necessary? I'm 100% certain there are ways to cut down our petroleum consumption as a nation.

I said it was safe a month ago and still believe it is. My job and our society is dependent on oil. If green energy sources could produce electricity and cut our petroleum uses by 50% that would be great but the technology is not there. Some people think electric cars are reducing petroleum use but its not.

 

[freedive10]

While the company expects to hear a decision from the Department on Natural Resources regarding moving past the first step in the drilling process, unitization approval, the parish lawsuit filed against the state agency, in an attempt to stop the project, is moving forward.

A status conference in this case is scheduled for the end of next month and a tentative hearing date is set for October.