Since a US Energy Information Administration (EIA) report announced in 2011 that Argentina had some of the world’s biggest shale oil and gas reserves, the dream of prosperity has been on the minds of many people in this South American nation where nearly a third of the population lives in poverty.
Earl Hatley, a descendant of the Cherokee/Delaware tribe, has witnessed the consequences of using hydraulic fracturing or “fracking” on his native land to produce shale gas.
The emergence of fracking has modified the global market for fossil fuels. But the plunge in oil prices has diluted the effect, in a struggle that experts in the United States believe conventional producers could win in the next decade.
U.S. activist Vera Scroggins has been sued five times by the oil industry, and since October 2013 she has faced a restraining order banning her from any properties owned or leased by one of the biggest players in Pennsylvania’s natural gas rush, Cabot Oil & Gas Corporation.
“People don’t know what ‘fracking’ is and there is little concern about the issue because it’s not visible yet,” said Gabino Vicente, a delegate of one of the municipalities in southern Mexico where exploration for unconventional gas is forging ahead.
Thousands of people in Spain have organised to protest the introduction of “fracking” – a controversial technique that involves pumping water, chemicals and sand at high pressure into shale rock to release gas and oil.
Unconventional oil and gas reserves in Vaca Muerta in southwest Argentina hold out the promise of energy self-sufficiency and development for the country. But the fracking technique used to extract this treasure from underground rocks could be used at a huge cost.
Production here has skyrocketed so fast that for now the installations of the YPF oil company at the Loma Campana deposit in southwest Argentina are a jumble of interconnected shipping containers.
After a two-year referendum campaign, Scots are finally voting Thursday on whether their country will regain its independence after more than 300 years of “marriage” with England.
The world’s last remaining forest wilderness is rapidly being lost – and much of this is taking place in Canada, not in Brazil or Indonesia where deforestation has so far made the headlines.
The new legal framework for Mexico’s oil industry has not placed controls on the use of harmful chemicals in the extraction of unconventional fossil fuels, and environmentalists and experts fear their consumption will increase in an industry that is opening up to private capital.
In April 2004, Argentina began to steadily cut natural gas exports to neighbouring Chile, triggering a major energy crisis and revealing structural problems in this vital sector.
Scientists warn that large-scale fracking for shale gas planned by Mexico’s oil company Pemex will cause a surge in seismic activity in northern Mexico, an area already prone to quakes.
A controversial new certification process that could cover a significant portion of the U.S. oil-and-gas “fracking” industry began accepting applications on Tuesday, indicating the formal start of an initiative that has the backing of some key industry players and some environmentalists – but by no means all of either.
The Terra 123 oil and gas well in the southeastern Mexican state of Tabasco was in flames since late October, just 1.5 km from a community of 1,500 Oxiacaque indigenous villagers, who were never evacuated.