Robert Sittman  Christopher ConwayGuadalupe Candanedo      Einav Henenson     Justin Pfledderer
commercialhttp://youtu.be/X8du6pQbvyo
2005 Energy ActAdvances in the HF processChemicals
Enormous potential for both the economy and theenvironmentJobs!!!Greenhouse gas advantagesNational security benefitsLower ...
What the Frack?
LandWater Air
Intragenerational inequality-certain people suffer whileothers benefitIntergenerational inequality-contaminated waterresou...
Social Marginal Cost$                                Private Marginal Cost$*                                   Marginal Da...
Environmental damageTechnical advancesPolicy design and evaluationCost of policies
Pass the 2012 Frac ActTechnological based performance standardPerformance bondQuasi option value
References   Adams, G., Hayes, S., Wejerter, S. and Boyd, J. (2007, October 24). Regulatory Capture: Managing the Risk. I...
References   Montgomery, C. & Smith, M. (2010, December). Hydraulic Fracturing: History of an Enduring   Technology. Jou...
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  • http://youtu.be/X8du6pQbvyo
  • 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.
  • 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.
  • Intragenerational inequality (most damage is absorbed by people who live next to the wells, however all the country use the gas and oil, as well as people who lives  next to 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..)
  • Hydraulic fracturing presentation

    1. 1. Robert Sittman Christopher ConwayGuadalupe Candanedo Einav Henenson Justin Pfledderer
    2. 2. commercialhttp://youtu.be/X8du6pQbvyo
    3. 3. 2005 Energy ActAdvances in the HF processChemicals
    4. 4. Enormous potential for both the economy and theenvironmentJobs!!!Greenhouse gas advantagesNational security benefitsLower costs to consumersA safe process
    5. 5. What the Frack?
    6. 6. LandWater Air
    7. 7. Intragenerational inequality-certain people suffer whileothers benefitIntergenerational inequality-contaminated waterresources for the futureInterspecies inequality–animals are harmed
    8. 8. Social Marginal Cost$ Private Marginal Cost$* Marginal Damage Marginal Benefit Q* Q
    9. 9. Environmental damageTechnical advancesPolicy design and evaluationCost of policies
    10. 10. Pass the 2012 Frac ActTechnological based performance standardPerformance bondQuasi option value
    11. 11. 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 Drilling’s 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
    12. 12. 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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