moostraks
Member
- Joined
- Nov 21, 2007
- Messages
- 9,640
Heads up for fracking country:
http://www.reuters.com/article/2012/01/03/us-fracking-ohio-idUSTRE8021WD20120103
So wondering how much money they make in profits + how much insurance payouts are makes $10 million per site untenable esp. when numerous plate shifting seems like it would eventually pave the way for larger scale earthquake damage. I guess if you can keep claiming natural occurence and force the opposition to absolute results people will continue to lose to this industry. The insurance loss is going to be the burden of the general public as long as they try to maintain it is a natural occurence. Insurance agencies are getting wise to this and contesting claims which leaves the little man in limbo repairing structural damage out of pocket until certain results are obtained. There is always a possibility of movement on fault lines so definitive proof seems to me to be an almost impossible task as there will always be room for doubt. Youngstown seems the most conclusive but I still think they will squirrel their way out of it, leaving the individual to clean up their mess.
http://www.reuters.com/article/2012/01/03/us-fracking-ohio-idUSTRE8021WD20120103
"A thorough seismic survey to assess tracts of rock below where oil and gas drilling fluid is disposed of could help detect quake prone areas.
But that would be far more costly than the traditional method of drilling a bore hole, which takes a limited sample of a rock formation but gives no hint of faults lines or plates.
The more expensive method will be a hard sell as long as irrefutable proof of the link between fracking and earthquakes remains elusive...
On paper, the link between fracking and quakes is compelling. As the oil and gas industry embarked on a massive expansion of hydraulic fracturing across Arkansas, Pennsylvania and elsewhere, the number of earthquakes in areas where wastewater was injected back underground surged tenfold...
But some researchers say the link has not been proven.
In Oklahoma, which saw a tenfold increase in earthquakes since 2009 to over 1,000, officials at the Oklahoma Geological Survey (OKGS) say more proof of a link to fracking is needed.
'The strong correlation in time and space as well as a reasonable fit to a physical model suggest that there is a possibility these earthquakes were induced by hydraulic fracturing,' according to a OKGS report released in August. "However, the uncertainties in the data make it impossible to say with a high degree of certainty.'"
So wondering how much money they make in profits + how much insurance payouts are makes $10 million per site untenable esp. when numerous plate shifting seems like it would eventually pave the way for larger scale earthquake damage. I guess if you can keep claiming natural occurence and force the opposition to absolute results people will continue to lose to this industry. The insurance loss is going to be the burden of the general public as long as they try to maintain it is a natural occurence. Insurance agencies are getting wise to this and contesting claims which leaves the little man in limbo repairing structural damage out of pocket until certain results are obtained. There is always a possibility of movement on fault lines so definitive proof seems to me to be an almost impossible task as there will always be room for doubt. Youngstown seems the most conclusive but I still think they will squirrel their way out of it, leaving the individual to clean up their mess.
This is a very political issue in the Northeast section of the US right now. Long range effects from fracking earthquakes could potentially be costly to all of us if shifts lead to larger earthquakes. Stop being a petty tyrant. You seem to only have deragatory things to say unless someone is stroking your ego.