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Fracking

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International Energy Agency Says U.S. Will Be World’s Largest Oil Producer By 2020

via Tiffany Hsu, Los Angeles Times The U.S. will become the world’s top producer of oil within five years, a net exporter of the fuel around 2030 and nearly self-sufficient in energy by 2035, according to a new report from the International Energy Agency. It’s a bold set of predictions for a nation that currently … Continue reading

China Set To Frack America In Shale Deal With Devon

via Christopher Helman, Forbes Showing that it isn’t worried about the upswell of angst over hydraulic fracking technology, the Chinese government, through state-controlled Sinopec, today struck a deal with Devon Energy to buy into five prospective new exploration areas in the U.S. The deal, which includes $900 million in cash upfront and a promise of … Continue reading

Fracking May Taint Water Supply, EPA Finds

via Mead Gruver, The Seattle Times The U.S. Environmental Protection Agency (EPA) said Thursday for the first time that fracking — a method of improving the productivity of oil and gas wells — may be to blame for causing groundwater pollution. The draft finding could have significant implications while states try to determine how to … Continue reading

Kasich Opens Ohio’s State Parks To Fracking While Oil And Gas Industry Gives Him Most Donations Of Any Ohio Politician

via Tanya Somander, ThinkProgress Taking office with the promise to create jobs, Ohio’s GOP Gov. John Kasich has achieved little but dismal poll numbers in pursuit of a deeply unpopular agenda. Indeed, his attempt to demolish workers’ rights recently earned him an unprecedented rejection of a governor’s signature legislation within the first year in office. … Continue reading

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