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Hydraulic fracturing presentation

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This document discusses hydraulic fracturing (fracking) and debates around its environmental and economic impacts. It covers topics like the technical process of fracking, potential issues like water contamination and air pollution, benefits for energy production and jobs, and policy options for regulating the practice. Critics argue fracking can harm the environment and public health if not properly managed, while proponents say it can provide economic gains if risks are addressed through rules and safeguards. The document examines these various perspectives on the risks and rewards of increased shale gas development through hydraulic fracturing.

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Robert Sittman Christopher Conway Guadalupe Candanedo Einav Henenson Justin Pfledderer
commercial http://youtu.be/X8du6pQbvyo
2005 Energy Act Advances in the HF process Chemicals
Enormous potential for both the economy and the environment Jobs!!! Greenhouse gas advantages National security benefits Lower costs to consumers A safe process
What the Frack?
Land Water Air
Intragenerational inequality- certain people suffer while others benefit Intergenerational inequality- contaminated water resources for the future Interspecies inequality animals are harmed
Social Marginal Cost $ Private Marginal Cost $* Marginal Damage Marginal Benefit Q* Q
Environmental damage Technical advances Policy design and evaluation Cost of policies
Pass the 2012 Frac Act Technological based performance standard Performance bond Quasi option value
Hydraulic fracturing presentation
References Adams, G., Hayes, S., Wejerter, S. and Boyd, J. (2007, October 24). Regulatory Capture: Managing the Risk. ICE Australia, International Conferences and Events. Retrieved April 14, 2011 Arthur, J.D. (2008, September 21). Hydraulic Fracturing Considerations for Natural Gas Wells in Marcellus Shale. Presented to The Ground Water Protection Council September 21-24, 2008. Retrieved from Google Scholar Cavner, R. (2011, February 8). Responding to the Hydraulic Fracturing Issue. Daily Hurricane. Retrieved from http://www.huffingtonpost.com/robert-l-cavnar/responding-to-the-hydraul_b_820215.html Chesapeake Energy (2010). Natural gas Water Usage Facts. Retrieved from: http://www.hydraulicfracturing.com/Pages/information.aspx Environmental Protection Agency. (2004). EPA Study on Hydraulic Fracturing. Retrieved from http://www.epa.gov/ogwdw/uic/pdfs/cbmstudy_attach_uic_ch07_conclusions.pdf Energy in Depth. (2010, June 9). Debunking Gasland. Retrieved from http://www.energyindepth.org/2010/06/debunking-gasland/ Fox, J. (Director). (2009). Gasland [Motion Picture]. United States: Docuramafilms. Fox, J. (2010, July 12) Affirming Gasland: A De-debunking Document in Response to Specious and Misleading Gas Industry Claims against the Film. Retrieved from http://1trickpony.cachefly.net/gas/pdf/Affirming_Gasland_Sept_2010.pdf Keohane, N. & Olmstead, S. (2007). Markets and the Environment. Washington: Island Press Kerr, R. (2011, August 11). Federal Committee: Shale Gas Needs Openness, Better Data. Science Insider http://news.sciencemag.org/scienceinsider/2011/08/federal-committee-shale-gas-need.html?ref=hp Lustgarden, A. (2011, January 25). Buried Secrets: Gas Drillings Climate Benefits May Overstated and Possible Environmental Threat. Pro Publica: Journalism in the Public Interest. Retrieved from http://www.propublica.org/article/natural-gas-and-coal-pollution-gap-in-doubt
References Montgomery, C. & Smith, M. (2010, December). Hydraulic Fracturing: History of an Enduring Technology. Journal of Petroleum Technology (Society of Petroleum Engineers) 62 (12): 26-32 Nadar, L. (2010). The Energy Reader. Malden, MA: Willey-Blackwell Publishing Nelson, P. (2011, July 18) Resources for the future. RFF Launches New Initiative on Risks and Regulations of Shale Gas. Retrieved from: http://www.rff.org/News/Press_Releases/Pages/RFF-Launches-New-Initiative-on-Risks-and-Regulation-of-Shale-Gas.aspx Rubinkan, M. & Caruso, D. (2011, April 12). Fracking Shale for Gas brings Wealth, Concerns. The Huffington Post.http://www.huffingtonpost.com/huff-wires/20110412/us-gas-drilling-impact/ Urbana, I. (2011, February 26). Regulation Lax as Gas Wells tainted water Hits River. The New York Times. http://www.nytimes.com/2011/02/27/us/27gas.html?_r=1&hp Walsh, B. (2011, March 31). Could Shale Gas Power the World. Time Magazine. Retrieved from:http://www.time.com/time/health/article/0,8599,2062331-4,00.html Wilson, W. (2007, October 4). Letters from EPA Fracking Study Whistleblower. Earthworks: Protecting Communities and the Environment. Retrieved from: http://www.earthworksaction.org/publications.cfm?pubID=372 Wiseman, H. J. (2008, September 23) Untested Waters: The Rise of Hydraulic Fracturing in Oil and Gas Production and the Need to Revisit Regulation. Fordham Environmental Law Review. Vol 20. P. 115, 2009. SSRN: http://ssrn.com/adstract=1595092

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Hydraulic fracturing presentation

  • 1. Robert Sittman Christopher Conway Guadalupe Candanedo Einav Henenson Justin Pfledderer
  • 3. 2005 Energy Act Advances in the HF process Chemicals
  • 4. Enormous potential for both the economy and the environment Jobs!!! Greenhouse gas advantages National security benefits Lower costs to consumers A safe process
  • 7. Intragenerational inequality- certain people suffer while others benefit Intergenerational inequality- contaminated water resources for the future Interspecies inequality animals are harmed
  • 8. Social Marginal Cost $ Private Marginal Cost $* Marginal Damage Marginal Benefit Q* Q
  • 9. Environmental damage Technical advances Policy design and evaluation Cost of policies
  • 10. Pass the 2012 Frac Act Technological based performance standard Performance bond Quasi option value
  • 12. References Adams, G., Hayes, S., Wejerter, S. and Boyd, J. (2007, October 24). Regulatory Capture: Managing the Risk. ICE Australia, International Conferences and Events. Retrieved April 14, 2011 Arthur, J.D. (2008, September 21). Hydraulic Fracturing Considerations for Natural Gas Wells in Marcellus Shale. Presented to The Ground Water Protection Council September 21-24, 2008. Retrieved from Google Scholar Cavner, R. (2011, February 8). Responding to the Hydraulic Fracturing Issue. Daily Hurricane. Retrieved from http://www.huffingtonpost.com/robert-l-cavnar/responding-to-the-hydraul_b_820215.html Chesapeake Energy (2010). Natural gas Water Usage Facts. Retrieved from: http://www.hydraulicfracturing.com/Pages/information.aspx Environmental Protection Agency. (2004). EPA Study on Hydraulic Fracturing. Retrieved from http://www.epa.gov/ogwdw/uic/pdfs/cbmstudy_attach_uic_ch07_conclusions.pdf Energy in Depth. (2010, June 9). Debunking Gasland. Retrieved from http://www.energyindepth.org/2010/06/debunking-gasland/ Fox, J. (Director). (2009). Gasland [Motion Picture]. United States: Docuramafilms. Fox, J. (2010, July 12) Affirming Gasland: A De-debunking Document in Response to Specious and Misleading Gas Industry Claims against the Film. Retrieved from http://1trickpony.cachefly.net/gas/pdf/Affirming_Gasland_Sept_2010.pdf Keohane, N. & Olmstead, S. (2007). Markets and the Environment. Washington: Island Press Kerr, R. (2011, August 11). Federal Committee: Shale Gas Needs Openness, Better Data. Science Insider http://news.sciencemag.org/scienceinsider/2011/08/federal-committee-shale-gas-need.html?ref=hp Lustgarden, A. (2011, January 25). Buried Secrets: Gas Drillings Climate Benefits May Overstated and Possible Environmental Threat. Pro Publica: Journalism in the Public Interest. Retrieved from http://www.propublica.org/article/natural-gas-and-coal-pollution-gap-in-doubt
  • 13. References Montgomery, C. & Smith, M. (2010, December). Hydraulic Fracturing: History of an Enduring Technology. Journal of Petroleum Technology (Society of Petroleum Engineers) 62 (12): 26-32 Nadar, L. (2010). The Energy Reader. Malden, MA: Willey-Blackwell Publishing Nelson, P. (2011, July 18) Resources for the future. RFF Launches New Initiative on Risks and Regulations of Shale Gas. Retrieved from: http://www.rff.org/News/Press_Releases/Pages/RFF-Launches-New-Initiative-on-Risks-and-Regulation-of-Shale-Gas.aspx Rubinkan, M. & Caruso, D. (2011, April 12). Fracking Shale for Gas brings Wealth, Concerns. The Huffington Post.http://www.huffingtonpost.com/huff-wires/20110412/us-gas-drilling-impact/ Urbana, I. (2011, February 26). Regulation Lax as Gas Wells tainted water Hits River. The New York Times. http://www.nytimes.com/2011/02/27/us/27gas.html?_r=1&hp Walsh, B. (2011, March 31). Could Shale Gas Power the World. Time Magazine. Retrieved from:http://www.time.com/time/health/article/0,8599,2062331-4,00.html Wilson, W. (2007, October 4). Letters from EPA Fracking Study Whistleblower. Earthworks: Protecting Communities and the Environment. Retrieved from: http://www.earthworksaction.org/publications.cfm?pubID=372 Wiseman, H. J. (2008, September 23) Untested Waters: The Rise of Hydraulic Fracturing in Oil and Gas Production and the Need to Revisit Regulation. Fordham Environmental Law Review. Vol 20. P. 115, 2009. SSRN: http://ssrn.com/adstract=1595092

Editor's Notes

  • #3: http://youtu.be/X8du6pQbvyo
  • #4: Explain the changes that took place the past 10 years in regards to HF - Horizontal Drilling - Right to patent chemicals that are added to HF water (preventing from society to investigate the damage associated with them) - 2005 signing of the Energy Act to exempt Gas and oil companies for compiling with Clean Water Act.
  • #7: Degraded landscapes/ecosystems1 to 7 million gallons of water used per well (each well is fracked an average of 18 times)Emissions released to air and waterPolluted ground waterSurface spillsProduction water? What to do with it. Methane released into the air.
  • #8: Intragenerational inequality (most damage is absorbed bypeople who live next to the wells,however all the country use the gas and oil, as well as people who lives nextto other people who leased their property for wells also suffer from the pollution but receive no money or compensation for it) - Intergenerational inequality (Contaminated resources will live no resources for new generation) - Interspecies inequality (Animals suffer- lose hair, health issues..)