Revolution Including Fracking News Today

Its all settled out, but thats what our water looked like. >> that came out of the tap? >> out of the tap. >> so in three weeks they contacted mike by phone and said, weve tested your water. theres nothing wrong with your water. >> with this? >> with this. theres nothing wrong with the water that can be affected by the oil and gas production in your area. >> whoa, jesus christ. >> thats the iconic moex from the "gasland" documentary. its incredibly effecting. you made it this point about water c...

Sluggish job growth and the labor market of one town in north dakota is so tight and employers are desperate, theyre offering a signing bonus for a job slinging fries. unemployment in the entire state in north dakota is 3.1%. gdp growth in the rate is a whooping 7.6%, and housing there is in such short supply that one bedrooms rent for more than $1,000. what economic miracle has taken place to bring this about? the answer is the bacan formulation which has oil in relatively hard rocks. the revol...

Recession where the jobs narrative overtook the climate narrative. but the lesson is that there are oil companies, big oil companies in the coalition that was working to pass that carbon price. the reason is they have a great business. its incredibly durable and incredibly profitable. what they want is price certainty. they want to be able to plan, and theyre willing to accept a carbon price, some of them, if they have to if its made clear that its inevitable politically because they can still r...

Were talking about fracking which is an incredibly pitch battle. its transforming economics in the country and transforming many local landscapes places that are farms or little league fields now sporting wells. theres a rush of capital into natural gas. i think in 2011 i want to say five of the top ten performing stocks were associated with natural gas extraction. its true. look it up. >> not the ones that i own. >> theres lots of fears about what its environmental effects will be, what the hea...

The henhouse essentially. so there is a lot of investment in telling people, you know -- not telling them anything, right? chemicals are looked at like trade secrets, so you put tons of chemicals potentially into the water table, and youre not telling them because it could help the competition. >> look. there are real environmental challenges with fracking. they are real. they are measurable. we are getting a handle on these, but the idea that they are infecting water tables is a bit overwrought...

Hopefully at some point they will. we cant wait for them. you have to give congress the appetite to make the -- to put the politics into the climate and into the energy equation, and this is the way you do it. i think this president has a tremendous opportunity, one no other president has because of the infancy nature of fracking of natural gas and shale oil and whats going on deep water in the gulf of mexico. were at a moment of time where were at the infancy of a great revolution where the pre...

Youre saying either. were at a really bad impasse. at some point we have to come together and decide what is and what is not. >> the people dont -- you say they dont believe what the industry is saying, as if we were all inherently naturally skeptics if theres not a history to lend to that. we have people in towns whose water is flammable, whose livestock are delivering calfs and breeds that die before the year is over. disproportionately two instances before there was fracking, right? this coun...

Its run almost haphazardly in three different directions from the industry, which has gone into a land grabow nan. >> and much regulation and oversight. im not saying whats been done has been badly done. most of it has been well-done, but theres bad examples of bad wells fracked out there. what it is is its going at a break neck pace trying to capture what is what you say is a book thats just begun. >> dave, i guess at the top line you say, look, theres this huge, plentiful source of energy. her...

An ideal fuel energy source that we potentially can use for the next 100 years. there are a lot of folks right now that are engaging in hydraulic fracking doing it safely. the problem is we havent established clear guidelines for how to do it safely and informed the public so that neighbors know whats going on. you know, your family, you can make sure that any industry thats operating in your area, that theyre being responsible. >> yeah. part of the fracking being so new, like you said, especial...

Coal-burning power plants are shuting down across the country. theres a war on coal as you may have heard during the campaign, but the aggressors arent bureaucra bureaucrats but its natural gas. specifically the technology radically transformed natural gas production something called hydraulic fracturing or fracking. the name is opaque but the goal is simple. tens of thousands of feet below the surface there are deposits of natural gas trapped up within giant rock formations. fracking lets energ...