1. More win-win-win from the 2012 State of the Union Address
2. An EPA report of Pavillion, WY shows frac fluid in deep monitoring wells and methane in drinking water wells- the distinction here is important
3. First 1/2 of 2011 in the PA Marcellus:
7729 permitted wells
1647 producing wells
3.6% of US production (I said 1.8% in lecture but this was a comparison of 6 months of PA Marcellus 1 year of US consumption)
lots of gas, lots of money, not very much waste...
what is the waste and where does it end up?
how do you compare oil and natural gas, anyway?
4. Fracking bans and moratoriums (or moratoria): national, state (US), local... Why is Bulgaria's ban more surprising that France's ban? How is fracking regulated at the (US) federal level? How will it (probably) be regulated in the future? What are the National and State- level bans and moratoria? What are some important/interesting local bans/moretoria? What is municipal home rule and why is it important in the discussion of fracking?
5. Estimating natural gas reserves: Is there really 100 years' worth of natural gas beneath the United States? What assumptions have to be made for our president (and anyone else to make such a statement?
Slides from lecture are on Sakai. Friday, we will finally get around to discussing Monday's HW assignment on how the price of oil drives certain behaviors and look forward to next Monday's homework on estimating oil reserves. Your reading assignment for Friday is Barrel Fever: Does anyone know how much oil there is in the world? by Yves Smith posted Wednesday, June 25, 2008 on Slate Magazine.
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