Download or read book Shale Boom Shale Bust written by Dan Dicker and published by . This book was released on 2015-06-07 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just about everyone has heard something about the 'revolution' in shale oil. Hydraulic fracturing (fracking) of rock formations unique to the United States offers the promise of cheap and abundant energy, terrific economic growth and jobs - lots of jobs. But in 2014, something went terribly wrong with this rosy scenario of "Saudi America": A unexpected collapse in the price of oil that's bankrupting the oil patch, destroying jobs and threatening any plans of a renewable energy future. What happened? Why has this miracle 'revolution' generated so many losers and so few winners? Why isn't the United States any closer to energy independence than it was before oil from shale was even imagined? What can be done to put the markets and the industry right so that shale can deliver on even some of what's been promised?
Download or read book When Fracking Comes to Town written by Sabina E. Deitrick and published by Cornell University Press. This book was released on 2022-01-15 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Fracking Comes to Town traces the response of local communities to the shale gas revolution. Rather than cast communities as powerless to respond to oil and gas companies and their landmen, it shows that communities have adapted their local rules and regulations to meet the novel challenges accompanying unconventional gas extraction through fracking. The multidisciplinary perspectives of this volume's essays tie together insights from planners, legal scholars, political scientists, and economists. What emerges is a more nuanced perspective of shale gas development and its impacts on municipalities and residents. Unlike many political debates that cast fracking in black-and-white terms, this book's contributors embrace the complexity of local responses to fracking. States adapted legal institutions to meet the new challenges posed by this energy extraction process while under-resourced municipal officials and local planning offices found creative ways to alleviate pressure on local infrastructure and reduce harmful effects of fracking on the environment. The essays in When Fracking Comes to Town tell a story of community resilience with the rise and decline of shale gas production. Contributors: Ennio Piano, Ann M. Eisenberg, Pamela A. Mischen, Joseph T. Palka, Jr., Adelyn Hall, Carla Chifos, Teresa Córdova, Rebecca Matsco, Anna C. Osland, Carolyn G. Loh, Gavin Roberts, Sandeep Kumar Rangaraju, Frederick Tannery, Larry McCarthy, Erik R. Pages, Mark C. White, Martin Romitti, Nicholas G. McClure, Ion Simonides, Jeremy G. Weber, Max Harleman, Heidi Gorovitz Robertson
Download or read book Saudi America written by Bethany McLean and published by Trustees of Columbia Univ - City of New York. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argues that obtaining energy through the hydraulic fracturing of shale rock is based on unstable economic foundations, and is having much more destructive effects on the economy and the government of the United States than its advocates claim"--
Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.
Download or read book The Fracking Debate written by Daniel Raimi and published by Columbia University Press. This book was released on 2017-12-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over roughly the past decade, oil and gas production in the United States has surged dramatically—thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as “fracking.” This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate directly addresses the most common questions and concerns associated with fracking: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with lessons from his travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse. The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.
Download or read book Boomtown Blues written by Andrew Gulliford and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1989, 'Boomtown Blues' examines the remarkable 100-year history of oil shale development and chronicles the social, environmental, and financial havoc created by the industry's continual cycles of boom and bust.
Download or read book Oil s Endless Bid written by Dan Dicker and published by John Wiley & Sons. This book was released on 2011-03-16 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expert analysis of rising oil prices and the out-of-control oil markets that jeopardize both national security and the economy The price of oil is negatively impacting both companies and consumers. In Oil's Endless Bid: Taming the Unreliable Price of Energy to Secure Our Economy, energy analyst Dan Dicker recalls his experiences as an oil trader and reveals the changes that have taken place in the oil markets during the past twenty years, and particularly the last five, as investment banks, energy hedge funds, and managed futures funds have come to dominate energy trading and wreak havoc on prices. Reveals why oil prices cannot stabilize without dramatic action on the part of both government and business Details how the novel, but wrong, idea of oil as an asset class took a sleepy, club-like market into the national spotlight Describes how the United States is unnecessarily handing its wealth over to foreign oil producers during a time when the potential supply of oil is greater than ever Written by an industry insider, Oil's Endless Bid analyzes the biggest financial story of the last ten years?how we lost control of our oil markets.
Download or read book Up to Heaven and Down to Hell written by Colin Jerolmack and published by Princeton University Press. This book was released on 2021-04-20 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A riveting portrait of a rural Pennsylvania town at the center of the fracking controversy Shale gas extraction—commonly known as fracking—is often portrayed as an energy revolution that will transform the American economy and geopolitics. But in greater Williamsport, Pennsylvania, fracking is personal. Up to Heaven and Down to Hell is a vivid and sometimes heartbreaking account of what happens when one of the most momentous decisions about the well-being of our communities and our planet—whether or not to extract shale gas and oil from the very land beneath our feet—is largely a private choice that millions of ordinary people make without the public's consent. The United States is the only country in the world where property rights commonly extend "up to heaven and down to hell," which means that landowners have the exclusive right to lease their subsurface mineral estates to petroleum companies. Colin Jerolmack spent eight months living with rural communities outside of Williamsport as they confronted the tension between property rights and the commonwealth. In this deeply intimate book, he reveals how the decision to lease brings financial rewards but can also cause irreparable harm to neighbors, to communal resources like air and water, and even to oneself. Up to Heaven and Down to Hell casts America’s ideas about freedom and property rights in a troubling new light, revealing how your personal choices can undermine your neighbors’ liberty, and how the exercise of individual rights can bring unintended environmental consequences for us all.
Download or read book Yellow Earth written by John Sayles and published by Haymarket Books. This book was released on 2020-01-07 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Yellow Earth, John Sayles introduces an epic cast of characters, weaving together narratives of competing agendas and worldviews with lyrical dexterity, insight, and wit. When rich layers of shale oil are discovered beneath the town of Yellow Earth, all hell breaks loose. Locals, oil workers, service workers, politicians, law enforcement, and get-rich-quick opportunists—along with an earnest wildlife biologist—commingle and collide as the population of the town triples overnight. Harleigh Killdeer, chairman of the tribal business council of the neighboring Three Nations reservation, entertains visions of "sovereignty by the barrel" and joins forces with a fast-talking entrepreneur. From casino dealers to activists and high school kids, everyone in the region is swept up in the unsparing wave of an oil boom. Sayles’s masterful storytelling draws an arc from the earliest exploitation of this land and its people all the way to twenty-first-century privatization schemes. Through the intertwining lives of its characters, Yellow Earth lays bare how the profit motive erodes human relationships, as well as our living planet. The fate of Yellow Earth serves as a parable for our times.
Download or read book Modern Shale Gas Development in the United States written by and published by . This book was released on 2009 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Age of Oil written by Leonardo Maugeri and published by Globe Pequot. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the obsessions and misperceptions surrounding the resource that has shaped our lives, demonstrating that oil will be with us for a long time to come.
Download or read book OPEC in a Shale Oil World written by Mohamed Ramady and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: RAMADy, Mahdi OPec in a sHALE oil world -where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC's side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco "OPEC is dead. Long live OPEC". The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the 'Sultan of the Swing,' to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades 'call on OPEC' has now been replaced by a 'call on non-OPEC' and that a new 'swing' has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization's principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970's, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent. With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC's side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco "OPEC is dead. Long live OPEC". The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the 'Sultan of the Swing,' to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades 'call on OPEC' has now been replaced by a 'call on non-OPEC' and that a new 'swing' has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization's principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970's, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.
Download or read book The Bakken Goes Boom written by William Rodney Caraher and published by Digital Press at the University of North Dakota. This book was released on 2016 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, the Bakken went boom. Thanks to advances in hydraulic fracturing, oil production in western North Dakota exploded. As the price of oil went up, so did the oil rigs. People came from all over the country (and the world) in search of work, and cities and towns struggled to keep up. This book is about the challenges they faced. It is about the human dimensions of the boom, as told by artists, poets, journalists, and scholars. It captures the boom at its peak, before the price of oil fell and the boom went bust. It sheds light on the impact of oil on local communities that, until now, had not attracted much interest from the outside world. And it shows how North Dakotans, both old and new, have found ways to address the challenges they face in a turbulent, changing environment.
Download or read book The Good Hand written by Michael Patrick F. Smith and published by Penguin. This book was released on 2021-02-16 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A book that should be read . . . Smith brings an alchemic talent to describing physical labor.” —The New York Times Book Review “Beautiful, funny, and harrowing.” – Sarah Smarsh, The Atlantic “Remarkable . . . this is the book that Hillbilly Elegy should have been.” —Kirkus Reviews A vivid window into the world of working class men set during the Bakken fracking boom in North Dakota Like thousands of restless men left unmoored in the wake of the 2008 economic crash, Michael Patrick Smith arrived in the fracking boomtown of Williston, North Dakota five years later homeless, unemployed, and desperate for a job. Renting a mattress on a dirty flophouse floor, he slept boot to beard with migrant men who came from all across America and as far away as Jamaica, Africa and the Philippines. They ate together, drank together, argued like crows and searched for jobs they couldn't get back home. Smith's goal was to find the hardest work he could do--to find out if he could do it. He hired on in the oil patch where he toiled fourteen hour shifts from summer's 100 degree dog days to deep into winter's bracing whiteouts, all the while wrestling with the demons of a turbulent past, his broken relationships with women, and the haunted memories of a family riven by violence. The Good Hand is a saga of fear, danger, exhaustion, suffering, loneliness, and grit that explores the struggles of America's marginalized boomtown workers—the rough-hewn, castoff, seemingly disposable men who do an indispensable job that few would exalt: oil field hands who, in the age of climate change, put the gas in our tanks and the food in our homes. Smith, who had pursued theater and played guitar in New York, observes this world with a critical eye; yet he comes to love his coworkers, forming close bonds with Huck, a goofy giant of a young man whose lead foot and quick fists get him into trouble with the law, and The Wildebeest, a foul-mouthed, dip-spitting truck driver who torments him but also trains him up, and helps Smith "make a hand." The Good Hand is ultimately a book about transformation--a classic American story of one man's attempt to burn himself clean through hard work, to reconcile himself to himself, to find community, and to become whole.
Download or read book Turning Oil Green written by Dan Dicker and published by . This book was released on 2020-10-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change remains the single most important challenge of our generation. But despite almost universal recognition of the ongoing crisis, the United States has been unable to move quickly and smartly towards even moderate acceptance and integration of renewable energy into our fossil fuel driven economy. Dan Dicker, a lifetime observer and expert on energy markets examines the roadblocks to what should be an easy and 'natural' transition from oil and natural gas to solar, wind and other sustainable energy sources. In "Turning Oil Green", Dicker outlines the missteps from OPEC, energy companies, Wall Street, Washington and the environmental lobby that have turned the path towards renewable energy into a 'circular firing squad' where everyone, from consumers to investors to our planet itself has come away without the goals they seek.Further, Dicker suggests changes, using our current energy market mechanisms, that will not only satisfy "Green New Deal" advocates and policymakers in Washington, but the shareholders of oil and gas companies as well, and accelerate our energy evolution towards our inevitable - and critically necessary - future of carbon neutral energy.
Download or read book The Frackers written by Gregory Zuckerman and published by Portfolio. This book was released on 2013 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meet the Frackers. George Mitchell, the son of a Greek goatherder, who tried to extract gas from rock that experts deemed worthless. He faced an unexpected obstacle in his quest to change history. Aubrey McClendon, the charismatic descendant of an Oklahoma energy dynasty, who scored billions leading a land grab. He wasn't prepared for the shocking fallout of his discoveries. Tom Ward, who overcame a troubled childhood to become one of the nation's wealthiest men. He could handle natural-gas fields but had more trouble with a Wall Street power broker. Harold Hamm, the son of poor farmer, who believed America had more oil than anyone imagined. Hamm was determined to find the crude before others caught on. Charif Souki, the dashing Lebanese immigrant who saw his career crumble and his fortune disintegrate, leaving one last, unlikely chance for success. Mark Papa, the Enron castoff who panicked when he realized a resurgence of American natural gas was at hand: one that his company wasn't prepared for. Praise for The Greatest Trade Ever 'Simply terrific. Easily the best of the post-crash financial books.' Malcolm Gladwell 'The definitive account of a strange and wonderful subplot of the financial crisis.' Michael Lewis 'Zuckerman is a first-rate reporter who is able to explain the complexities of finance in layman's terms. At times, The Greatest Trade Ever reads like a thriller.' The New York Times
Download or read book Great American Outpost written by Maya Rao and published by PublicAffairs. This book was released on 2018-04-24 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: A surreal, lyrical work of narrative nonfiction that portrays how the largest domestic oil discovery in half a century transformed a forgotten corner of the American West into a crucible of breakneck capitalism. As North Dakota became the nation's second-largest oil producer, Maya Rao set out in steel-toe boots to join a wave of drifters, dreamers, entrepreneurs, and criminals. With an eye for the dark, absurd, and humorous, Rao fearlessly immersed herself in their world to chronicle this modern-day gold rush, from its heady beginnings to OPEC's price war against the US oil industry. She rode shotgun with a surfer-turned-truck driver braving toxic fumes and dangerous roads, dined with businessmen disgraced during the financial crisis, and reported on everyone in between -- including an ex-con YouTube celebrity, a trophy wife mired in scandal, and a hard-drinking British Ponzi schemer--in a social scene so rife with intrigue that one investor called the oilfield Peyton Place on steroids. As the boom receded, a culture of greed and recklessness left troubling consequences for investors and longtime residents. Empty trailers and idle oil equipment littered the fields like abandoned farmsteads, leaving the pioneers who built this unlikely civilization to reckon with their legacy. Part Barbara Ehrenreich, part Upton Sinclair, Great American Outpost is a sobering exploration of twenty-first-century America that reads like a frontier novel.
