Here's a bare-bones chapter 29 outline:
The US oil import system was a loop-hole filled mess as the demand for imported oil continued to climb. Nixon finally abolished the quota system.
The radicals in OPEC began to push for the end of the Tehran agreement, wanting to send prices higher.
Anwar Sadat decided to go to war with Israel.
Once the US reached 100% production, it had lost just about all meaningful leverage for oil prices. Faisal initially did not want to go along with an embargo to raise prices, but finally caved in.
Sadat got support from Faisal for the invasion of Israel.
Friday, May 20, 2011
Thursday, May 19, 2011
STRONGER report
STRONGER (State Review of Oil and Natural Gas Environmental Regulations.) They issued this report relating to Ohio's environmental regulations of the oil and Natural gas industry. (It is worth noting that membership on this committee includes well respected and notable environmentalists)
A link to their report is below. Mitchell will have considerably more on this in his section of the paper. Briefly, however, the report concludes that Ohio is "well-managed, professional and meeting its program objectives."
http://http://strongerinc.org/documents/Final%20Report%20of%202011%20OH%20HF%20Review.pdf
A link to their report is below. Mitchell will have considerably more on this in his section of the paper. Briefly, however, the report concludes that Ohio is "well-managed, professional and meeting its program objectives."
http://http://strongerinc.org/documents/Final%20Report%20of%202011%20OH%20HF%20Review.pdf
Techincal Issues
Sorry guys...I've been having technical issues relating to uploading the presentation and research by the OOGA. The scanner I used came in black and white only, so all the charts and illustrations came out poorly. I am in the process of attempting to procure a color copy, and when I do i'll have that research up
Tuesday, May 17, 2011
http://www.dispatch.com/live/content/local_news/stories/2011/05/17/cities-cant-treat-brine-from-new-gas-wells.html?sid=101
Heres an interesting article that focuses on the disposal of the wastewater; local communities were competing for the right to treat the wastewater at their treatment plants. The Ohio EPA shut that down, noting that long term effects are uncertain. (Treatment of the water continues, however, in the intermediary)
Deep water injection wells are still the top method for disposal
Heres an interesting article that focuses on the disposal of the wastewater; local communities were competing for the right to treat the wastewater at their treatment plants. The Ohio EPA shut that down, noting that long term effects are uncertain. (Treatment of the water continues, however, in the intermediary)
Deep water injection wells are still the top method for disposal
Sunday, May 15, 2011
The Fracking Process
Here's a nice, short video that gives a simple description of the fracking process.
Thursday, May 12, 2011
Deceptive Environmental Report
A few prominent House liberals today released a report alleging that "thousands" of gallons of carcinogenic waste has been injected into wells throughout America. Their report is deceptive.
Type II deep water injection wells are the safest way to depose of fracking fluid (99.56% of which is just plain water.) These wells are rigorously regulated for safety, and they are completely safe. They are constructed in such a way that any possible contamination is disposed of without harm to any individual, plant, or natural formation, including groundwater. All accidents that have been associated with fracking are because the water was not injected into these wells, where the water was just stored in above-ground containment vessels or left in a retention pond, which would contaminate groundwater.
___________________________________
http://www.huffingtonpost.com/2011/04/17/fracking-report-carcinogens-water-wells_n_850159.html?ncid=txtlnkushuff00000003
Type II deep water injection wells are the safest way to depose of fracking fluid (99.56% of which is just plain water.) These wells are rigorously regulated for safety, and they are completely safe. They are constructed in such a way that any possible contamination is disposed of without harm to any individual, plant, or natural formation, including groundwater. All accidents that have been associated with fracking are because the water was not injected into these wells, where the water was just stored in above-ground containment vessels or left in a retention pond, which would contaminate groundwater.
___________________________________
http://www.huffingtonpost.com/2011/04/17/fracking-report-carcinogens-water-wells_n_850159.html?ncid=txtlnkushuff00000003
Wednesday, May 11, 2011
French Lean Toward Ban . . .
From an article Prof. O'Donnell pointed us toward, it looks as though France may well ban fracking.
http://www.nytimes.com/2011/05/11/business/energy-environment/11shale.html?_r=1&emc=tnt&tntemail1=y
The French cite security concerns, but on top of that there's the fact that the French are known for a general antipathy toward fossil fuels. The proposed ban would not stop the French from importing oil or natural gas recovered by fracking, but would only ban fracking in France itself, which has an unknown amount of frackable oil, perhaps as much as 10 billion recoverable barrels.
http://www.nytimes.com/2011/05/11/business/energy-environment/11shale.html?_r=1&emc=tnt&tntemail1=y
The French cite security concerns, but on top of that there's the fact that the French are known for a general antipathy toward fossil fuels. The proposed ban would not stop the French from importing oil or natural gas recovered by fracking, but would only ban fracking in France itself, which has an unknown amount of frackable oil, perhaps as much as 10 billion recoverable barrels.
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