BUSINESS
Jay Hancock | January 30, 2012
Reports that shale gas may not be as plentiful as people thought are getting lots of attention. Last week the Energy Information Agency sharply cut its estimate of shale gas -- from 827 trillion cubic feet to 482 trillion cubic feet, reports the New York Times . Estimates for the Marcellus Shale in Appalachia cut cut from 410 trillion cubic feet to 141 trillion. But this is like telling a Powerball winner: Oops, you only won $50 million when we told you it was $100 million. Even 482 trillion cubic feet of accessible shale gas is a huge increase over what was thought available in the nation five years ago and will have profound effects on the energy economy.
NEWS
By Mark Olsthoorn | November 15, 2010
The Wild West scene playing out in western Pennsylvania holds warnings for Maryland on the need to manage a precious, finite resource like shale gas with great care. If you haven't heard about this energy source yet, you will soon. Maryland, West Virginia, Pennsylvania, New York and other Appalachian states all have a rich vein of Marcellus shale, buried thousands of feet underground. Locked in the shale is a huge quantity of natural gas. Combining two technologies — hydraulic fracturing and horizontal drilling — allows energy companies to free these valuable reserves.
FEATURES
Tim Wheeler | March 20, 2012
The House today passed legislation aimed at safeguarding western Maryland landowners from potential harm from drilling for natural gas in shale deposits in mountainous Garrett and Allegany counties. One bill, HB1204 , would require the gas industry to finance the state's ongoing study of safety questions around the widely used but controversial drilling method known as hydraulic fracturing, or "fracking. " Amid fierece debate over fracking's impact in other states, Gov.Martin O'Malleylast year ordered his administration to conduct a wide-ranging three-year review before approving any drilling permits - but state officials had said they lacked funding to carry it out. By a vote of 88-49, delegates approved a one-time fee of $15 per acre on all new and existing drilling leases so the Maryland Department of the Environment could complete the study. In deference to industry supporters who complain the delay in drilling is excessive, the fee was scaled back, and lawmakers directed the department to speed up its review, finishing in 2013 rather than 2014, as now called for under the governor's executive order.
BUSINESS
By Jay Hancock | April 4, 2010
D rill, baby. Just not in the ocean, where there probably isn't much new oil anyway. Head for the mountains, where newly available reserves might hold 10 times the energy estimated to be off the East Coast. Hopes for a new way of extracting natural gas have been bright for more than two years, after claim-staking "landmen" stormed Appalachia from New York to Tennessee. Now interest from Exxon Mobil and other corporate giants has prompted some smart people to start portraying "shale gas" as a very big deal that shatters assumptions about energy prices, America's power supply and the future of transportation.
FEATURES
Tim Wheeler | January 25, 2012
President Obama's State of the Union speech to Congress last night focused largely on jobs, taxes and income inequality, but it had plenty of red meat in it for those concerned about energy and the environment. He vowed to continue to push for "clean energy" while touting the economic potential of shale gas and defending environmental regulations. He defended government incentives for developing solar, wind and high-tech battery industries, but called for an end to longstanding subsidies for the oil and gas industry. "It's time to end the taxpayer giveaways to an industry that rarely has been more profitable and double down on a clean energy industry that never has been more promising," he said. But he renewed his call for an "all-out, all-of-the-above strategy" to develop every available source of American energy, and said he was directing his administration to open up more than 75 percent of potential offshore oil and gas resources for drilling.
NEWS
October 21, 2011
Commentator Bishop Harry R. Jackson Jr.'s arguments in favor of shale oil drilling are deeply flawed ("Fracking: Don't let fear hold us back," Oct. 12). After a summer of record flooding, we are entitled to a healthy fear of what gets flushed from old wells, industrial sites and waste water holding pits. More to the point, hydraulic fracturing to extract shale oil and gas is a frightening health threat. Dr. Walter Tsou, past president of the American Public Health Association, told the Philadelphia City Council that "politicians have explicitly avoided the public health question because if they were really confronted with it, they would stop hydraulic fracturing.