News

07/04/2020 - Amazon fires at 13-year high for June



This early peak indicates a potentially devastating dry season ahead - perhaps even worse than 2019.

07/04/2020 - Surrounded by trees, using solar: A factory is challenging perceptions



The buildings that produce the goods we use every single day are changing.

07/04/2020 - A small Missouri city thought it had dodged the coronavirus. Now, it’s hitting home.



Joplin has had a surge of cases in recent weeks, and a painful reckoning over how to stop it.

07/04/2020 - Rapid Arctic meltdown in Siberia alarms scientists



It was 100 degrees in Siberia, hotter than Dallas or Houston.

07/04/2020 - The environmentalist's apology: how Michael Shellenberger unsettled some of his prominent supporters | Environment | The Guardian



The American environment and energy commentator’s piece in the Australian has found praise in conservative media

07/04/2020 - Chesapeake Energy's fall



Historians generally place the invention of fracking in a gas field in southwestern Kansas in 1947.

It remained largely a novelty until the late 1980's, when a petroleum geologist named George Mitchell found a cost-efficient way to shatter shale rock with a high-pressure mix of water, sand, and chemicals, collecting the oil or gas released in the "fracturing."

Aubrey McClendon co-founded Chesapeake Energy in 1989, just in time to see natural gas prices begin a steady growth pattern.

They fracked shale patches from Texas to Pennsylvania. By the early 2010's, McClendon was a billionaire, and Chesapeake had cracked the Fortune 500.

Big Oil titans and small operators alike loved fracking. It changed the face of the oil and gas industry. Power plants run on fracked natural gas ran cheaper than coal or nuclear plants. This dealt what may turn out to be mortal blows to both coal and nuke energy in the U.S.

But who else loved fracking? Many environmentalists embraced fracked natural gas as a "bridge fuel" to cleaner energy—far from ideal, but better than dirty coal or petroleum. The Sierra Club's "Beyond Coal" campaign took $25 million from fracking companies and executives, much of it from McClendon and Chesapeake, who were happy to have the venerable environmental group as an unwitting wing man in kneecapping a competing industry.

When the donations were exposed, Sierra cut ties with McLendon et al., but they kept the $25 million.

The "bridge fuel" increasingly was infested with trolls: Shady land deals, the environmental harm, an alarming increase in earthquakes in faultless Oklahoma, and more.

But oh, how the money rolled in. Fracking, in a word, flourished. The U.S. arguably achieved its coveted status as a net energy exporter. The industry was worth trillions.

Already a high-roller, Aubrey McClendon was made for the part of tycoon. He led a team of investors who bought the Seattle SuperSonics and moved the team to Oklahoma City in 2008, where the newly-named Thunder play in Chesapeake Energy Arena.

But McClendon's penchant for extravagant spending on personal luxuries—often on the company's dime—and allegations of multiple conflicts of interests, put him at odds with the board of a company he viewed as his own.

Chesapeake's stock price peaked in 2014, at more than $1,300 per share. But oil prices began a sharp decline, and a federal antitrust indictment loomed for Aubrey McClendon. He was fired at year's end.

On March 1, 2015, Aubrey McClendon was indicted on federal antitrust charges. The next day, McClendon drove his car at high speed directly into a concrete wall. He died instantly. Oklahoma's Medical Examiner ruled the death an accident.

Last year, another boisterous fracking kingpin called the industry a "disaster."

More evidence of fracking's environmental disasters continue to pile in.

An oil and gas glut deepened. Layoffs cut deeply into Chesapeake's 13,000-person workforce. At the time of its Chapter Eleven bankruptcy filing on June 28, its stock price stood at $2.99 a share.

The stories of Aubrey McClendon and Chesapeake Energy—the man and the company who fell to Earth—are a Hollywood script that can write itself.

They changed the world's energy industry.

The question remains: Eventually, we'll find out how much, and in what direction.

Peter Dykstra is our weekend editor and columnist. His views do not necessarily represent those of Environmental Health News, The Daily Climate or publisher, Environmental Health Sciences.

Contact him at pdykstra@ehn.org or on Twitter at @Pdykstra.

Banner photo: A natural gas fracking well near Shreveport, Louisiana. (Credit: Daniel Foster/flickr)

07/04/2020 - Fracking: From revolution to money pit



For most any nation, let alone a superpower, energy independence is considered the geopolitical holy grail. So when fracking lured in American investors, everyone had high hopes the country would finally break free of OPEC. But oil is a complex game, and 2020 saw sharp declines in demand caused by the cartel's maneuvering, shale oil's oversupply, and now the devastating effects of the coronavirus. What's worse, the startup mentality of the U.S. fracking industry promised investors mythical growth and nonexistent returns. In the end, it burned a $340 billion hole in Wall Street's pocket.

07/03/2020 - Ocean Water Is Hurricane ‘Fuel’ - It’s Currently High Octane



As a 4th of July heat sets in, ocean waters are very hot. What this means for hurricane season.

07/03/2020 - CDC denied permission to brief public about coronavirus



As the coronavirus spread across the US top officials from the CDC were largely absent from public briefings.