Should The U.S. Ban Fracking?
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- Опубликовано: 4 янв 2020
- By 2020, for the first time in 70 years, the US is predicted to become a net energy exporter. Most of this progress can be attributed to the combination of two technologies known as hydraulic fracturing and horizontal drilling. American consumers, oil and gas companies, and landowners have benefited significantly from the shift, while others say they have lost a great deal. CNBC explores if the U.S. should ban fracking.
The combination of hydraulic fracturing, or fracking, and horizontal drilling has revolutionized U.S. energy. The country has gone from heavily relying on foreign oil to producing enough for both its domestic consumption and international exports in less than two decades. The shale revolution has lowered prices, strengthened the U.S. geopolitically and made entrepreneurs and landowners very wealthy. By 2020, the US is predicted to become a net energy exporter.
However, the process of fracking is controversial. The potential harm to the environment and local communities is polarizing. Opponents of fracking argue water contamination and air pollution warrant stricter regulation and in some cases, a complete ban. Proponents on the other hand, claim that there is little to no evidence linking the pollution to gas drilling. A common rhetoric is that burning natural gas is more environmentally friendly than burning coal.
But there's been a number of reports where individuals have been harmed, often due to mishandling of wastewater or improper building of boreholes. Bryan Latkanich lives in Washington County, Pennsylvania and leased his property to Chevron. He claims health problems him and his son have experienced and the damage to his property are caused by the gas drilling on his property. But the Pennsylvania Department of Environmental Health and Chevron have not found a link between the gas drilling and his claims. "Ultimately at this point I just want to get a buyout and move my son away from here and myself so we can try to get better and have a normal life," says Latkanich.
UPDATE: Chevron acquired the rights to the well on Bryan Latkanich’s property after it was installed.
Whether fracking should be allowed or not is widely discussed. France, Germany and Ireland have banned the practice entirely. So have states in America such as New York, Maryland and Vermont. Democratic hopefuls, Elizabeth Warren and Bernie Sanders, have made statements that they intend to do change the regulations at the federal level. Other candidates like Joe Biden and Pete Buttigieg are suggesting limits on production or stronger regulations. However, as the laws currently stands, the Federal government has limited regulatory tools to make any real changes. Most authority of oil and gas development is in the hands of state governments.
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Should The U.S. Ban Fracking?
“Once the last tree is cut down and the last river is poisoned, then man will realize that they can’t eat money” - Native American proverb
Just that it will never happen
The natives were too worried about what they could drink
@@praba991ify specially because every top country's government has been planting a large amount of trees. People eat the climate doom agenda with no question. Go hear everyone's arguments first people.
It's true people can't eat money, but they can't eat air either. People need to make a living more than they need to care for the environment. How long can you last without a steady income? If we could have the best of every world it would be one thing, but it's not that simple. People are not just evil and careless, they also have legitimate reasons for the colateral damage.
"Man will start eating the native Americans" - the man who can't eat money
One day in the future (because of fracking), large areas of Pennsylvania will be abandoned eyesores, unfit for people to live on.
Amusis
Easy to say when your life or livelihood isn’t involved. Your state or country likely isn’t the one experiencing quakes from fracking.
Yea sure dude meanwhile fracking is giving former coal miners jobs and helping reduce emissions (Nat gas emits 50% less carbon than coal when burned)
Amusis
Yes because they just dish out money to move entire communities. Your such an expert on this topic. I don’t understand how someone so far removed from this topic can even think they know what’s happening on the ground.
X x keep seething liberal
Fuert Neigt playing devils advocate. “but thats white peoples fault for leaving”
He was getting money. Why didn't he move in the first place?
If my 9 year old son was sick from living at that place i would pack up move and keep collecting royalites
Thanks for your comment, I was thinking the same thing, I’m pretty sure he was making enough money to move, I’m sorry but his fault
i couldnt agree more
And then he asked for 670,000 after they were gone, he probably blew all the original money :/
Private profits, socialized environmental degradation. Future generations in these communities will pay the price.
they drill beacuse WE consume it! they only support OUR CURRENT demand!
Yup, short and sweet. You hit d nail on the head!
The oil giants must meet a environmental criteria or they will be banned.
Regulatory Capture -
Regulatory capture is a corruption of authority that occurs when a political entity, policymaker, or regulatory agency is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. Government agencies suffering regulatory capture are called "captured agencies."
The D.E.P. of PA (Department of Environmental Protections of Pennsylvania) is an example of a Captured Agency.
Industry self regulates, Self Compliance.
GC sound like coal oh wait
Someone is actually named John Smith..
Not mentioning the UK.
I work with a guy named John Snow. The game of thrones jokes are endless
What are you talkin' about? There's at least one registered at every Motel 6 in existence.
@@tswrench So true. I have always just thought of it as a "joke" name.. I mean in 2020, who with the last name "Smith" has a baby and says to themselves... John is the perfect name! Unless they want that person get beat up every day.
@@Cre8tive81
I don't get it. What's the big deal? It sounds like a perfectly normal name.
The conclusion is... Education funding is what we need in US... end of the story.
The conclusion is you will never get it . They will put most of the money in weaponry development , end of story.
We already have funding for our education system and it has failed.
The education system in the U.S has been OVER FUNDED for decades. With poor results.
In Japan and S. Korea, they have shoe string budgets, yet the students perform better.
Why? Because it has to do with genetics and culture.
Kenneth C Education money has trippled yet it has yielded nothing
@@ceciLOVEtaco no cause Mexico is gonna pay for it.
The distribution of school funding is a huge issue. The local schools around me have enitre counties come together to put together a class of 30 kids. They don't quality for much of the states extra funding. They pay teachers under 30k a year to start, can't field sports teams and use outdated facilities. In the last 10 years oil and gas industry taxes have increased teacher pay, investment in facilities and added teams/bands/art. Money does make a huge difference when used properly.
It's like the guy who sold his soul to the devil getting seller's remorse.
That's why my dad who has done this for 30 years says get a lawyer right away. The land owner can dictate where the well goes. They can't stop the lateral but the can stop the pad. Not saying they were right but he opted to remain uniformed will the 13 million in royalties coming and like another 500k in lease money. Chevron needs to be accountable for the discharge as well. Most companies wouldn't give him keys or allow him on the pad either.
He received millions of dollars! He could buy a house a few miles away and keep receiving money for the rest of his life with no repercussions.
@@matttipton5403 I have hand clients actually buy homes to force people out of them for safety. There is alot he could and should have done with the concern.
i see this as natural selection, you get all this money and you are still too stupid to move away from the drill site?
@@matttipton5403 Right. He says at this point he just wants to move him and his son away to get better. Geez, if he really wanted to move then he could have done so already with all that money he's getting from the lease.
Thank god, it´s banned in Germany. I live in a small town, here it´s even banned to use salt to melt ice as it will contaminate the groundwater. The groundwater here where I live tastes like natural spring water.
didn't hitler make lots of synthetic gasoline? that probably wasn't good for the fish.
Fracking is used in geemany for thermal energy
@adukuttan rocks We are buying it from Russia. It´s way cheaper. Germany had always strong environmental protection laws. It´s even forbidden to wash your car in front of your garden.
@@frankyflowers Modern Germany has nothing to do with Hitler. Nazi salute is forbidden here. People pay fines and go to jail in some cases for this offence.
That's not completely true there is some fracking in Germany. Especially in NRW and RLP (Landau). Look it up! People still fight here to end it
CNBC really upping their RUclips game
Their last couple videos have been borderline propaganda for the left
Both Horizontal drilling and hydraulic fracturing are both 70 year old technologies. The change is geosteerable drilling that allows the accuracy necessary to drill and produce tight shale formations.
Short answer, corporate greed. Company’s care too much about their profits instead of persons health.
Lightning962 or making the products we need at a cheap and competitive price. Unfortunately not many people would want a 15 dollar toothbrush in which the only difference is that it is made of wood.
You can make regulations safer, what you can't replace is the massive amounts of diplomatic and geopolitcal power being an energy exporter yields, not to mention the jobs and wealth it creates, which translates directly to tax revenue.
YDT qeRo But at the cost of ruining people’s health and the health of our environment? I don’t see that as a good trade off.
Oh please, who makes up corporations? People. So PEOPLE are greedy.
People around the globe... in the most unexpected places are being impacted by this pollution... Alaska, Solomon Islands, Madagascar... NZ ... what happens on one side of the globe impacts those on the other side of the globe
It was never a goal of the US to be energy independent, if it was we wouldn't have politicians at all levels pushing fracking but instead pushing renewable energy and conservation. The goal was, and always will be to make the US a large scale energy exporter. We are already exporting natural gas to other countries as well as refined gasoline.
Howard Kerr to be fair, we need to export more than we import in general, we spend more than we earn every year, we need to cut spending across the board from military and welfare
Get rich now cry later
Fracking is nasty! And it devastates the the land.
And the US finally having more geopolitical and economic influence is a bad thing? Bruh. Look at China’s carbon footprint. Go whine about China first.
@@orecreeper2128 water's going to be the new gold
You can fool some of the people some on the time but you can't fool all the people all the time, Abraham Lincoln
Lol Bob Marley quoted that too
The American Idiocracy proves that quote is a bunch of manure.
@JAG Who would benefit from banning fracking ?
On the other hand, if hydraulic fracking was bad as every non-US expert would agree, who would benefit from not banning it ?
@@hellogeeks3510 all of the future generations who will have to deal with the climate change we create are the people who would benefit from banning fracking.
Bob Marley
It would be nice if the government was even across the board. If polluting the environment is bad then all environmental pollution should be considered bad. There should be given no preference to high-value Industries. Our government today has no compass. What's good today is bad tomorrow and vice versa.
Well different states have different rules and what works for one state wouldn’t work for another state. That’s why the government should allow that flexibility.
With all that money, you can't just move out and get a new place?
They don't care unless the bad effects actually happen to themselves
While fossil fuels might be cheap right now, we should focus on the future of energy.
And the future of planet Earth, as to whether life can even be sustained on it much longer (think GLOBAL WARMING)
Nuclear is the future.
@@canaldofred2366 i would say yes it could be a good source of energy for the future. But the materials needed to power nuclear plants are finite just like fossil fuels. We also don’t really have a great way of disposing the waste.
@@maybethisismarq yes, they will end someday, but will last for at least a couple thousand years. You see, every time uranium reserves decrease, uranium price increases, thus increasing the amount of economically viable reserves. The current 200 year supply estimates only take into account uranium that is economically viable nowadays. As technology progresses, extraction will get cheaper. And the nuclear wasted problem is mostly an overreaction. The waste can be just buried deep beneath mountains and left there. If a future civilization ever gets to the point of being able to discover the hidden material, then its fair to think that they know what is radiation and that it is better to leave it alone.
Watch Michael Moore’s new movie please ..
Pay me "a lot" of money to poison me? Where do I sign up?
I doubt very much that you would be thinking about poison water or any other damage. You would be thinking of the big bucks. And I'm sure the guy convincing you is very slick. With all kinds of promises and assurances
@@loisfoster5565, you couldn't pay me to poison my neighbor's water, let alone mine, but I get your point. I would be under a lot of pressure if they offered large some of money or if my kids are starving.
Have a solid proofs on deaths of facking, how about drugs related deaths.
Fracking seems good to me as long it’s done right with preventing contamination.
Hold on there soldier.You are making an attempt at being reasonable.
Dang, that would be cool man but the methodology is what is so dangerous fracturing the ground is uncontrollable. Especially in a faulty region like Appalachia. A small fracking can quickly spread and release these toxins in places they are not harvesting. Then where does it go? Everywhere. Fracking is crazy dangerous. Flint Michigan is still suffering.
@@migs7220 Fracknation explained some of the hoaxes portrayed in GasLand.
Companies who have their whole business idea centered around polluting the place do not care about contamination. It's the right winger way.
@@Pomiferous never seen it. I will check both out! The gas bubbling from lakes and crude oil coming out of the ground is very real.
I live in a rural community in northeast Pennsylvania. It has always been a poor area. Some stone quarries and that was about it. The gas industry came in and really changed things. There is alot of truck traffic and a few other inconveniences but there is also money here now. Landowners got paid, restaurants came in, it is easy to get a job. I got a job helping the gas companies and it was the easiest physically job I've had and the most money I every made. I got training to have a career, I bought a house, and I have a great life now. Before the gas discovery, I was a highschool dropout breaking my back in stone quarries. I'm very glad the gas companies came here. I'm just one guy though. I do feel for people that have actually been hurt. I have witnessed alot of frivolous lawsuits as well.
Thank you for saying this neighbor I live in williamsport area !!
Only time will tell what price we will pay in the future.
Actually there are plenty of studies that can already tell you what effects it will have, people just refuse to listen.
.that doing from you prohibits which money for greed this is there then but ..... day one just in yourself inform could You
@@jsmith355 I think your translator is broken...
@@elmateo77 This is my phone. You must read backwards
Within a generation or two, the price we will pay is catastrophic increases in global warming, which will make life unsustainable on planet Earth.
NEVER, and I mean NEVER EVER, trust a freaking oil company.
Trust the government instead?
Carl Sagan said “We are like butterflies who flutter for a day and think it is forever.” Only some of us think a few days profit's worth a toxic legacy of who knows how much sickness...
this may be the case now but have hope Because the day is soon approaching where the hydrogen full cell tec revolution will replace oil and gasoline in the energy industry
www.iflscience.com/chemistry/nanocaege-that-split-water-seventeen-times-faster-might-be-hydrogens-big-bang/
www.iflscience.com/chemistry/there-could-be-a-magnetic-solution-to-building-the-hydrogen-economy/
www.iflscience.com/technology/membrane-technology-could-make-hydrogen-powered-cars-competitive/
www.iflscience.com/technology/cheap-efficient-electrodes-open-path-hydrogen-fuel/
Why is the focus on Pennsylvania when the majority of the wells are drilled in North Dakota and Texas
Exactly! The Bakken (and the 3 Forks formation underneath it) has way more oil and LNG deposits than the Marcellus
@John D You mean, "aren't funded by foreign countries' oil industries."
Because Texas is already a desolate hellscape waist land.
They just picked a state.
John D
If your water supply and way of life were put at risk, would you still say that?
*inherits family farm passed down from generation to generation*
*sells it to make a quick buck*
Gmail Account They didn’t sell it. They’re leasing it. Which means they bear the burden of environmental impacts of the fracking.
Greed greed and more greed its thee American dream
Should they? Yes.
Will they? No.
I had the same thought 👍
We shouldn’t ban it but we also shouldn’t export it. We should save it and hoard it for the future of America
Nice idea... and we Canadians can hoard our oilsands... it would be great for both of our countries!
That's stupid on both counts. SMH
CNBC is making high quality videos everyday
8:00 - so the problem is not the fracking but the fracker.
TomKaren94 I see a drill sight and they are talking about a frac job. Frac didn’t “break his house” the driller supposedly did. They are just blaming frac.
No, fracking is part of the fossil-fuel industry, and reliance on fossil fuels results in excessive carbon emissions which leads to global warming, which is already occurring and will get much worse (resulting in life on Earth becoming unsustainable) if steps aren't taken NOW to eliminate the fossil-fuel industry/reliance on fossil fuels. In other words, fracking IS the problem. Open your eyes.
@@not-so-smartaleck8987 if you are really worried about "global warming", then let companies extract natural gas by fracking, because natural gas emmits way less carbon than oil or coal.
No. Fracking has been a blessing to the US. If you look at the facts then it’s clear why we should continue to frack.
@I Am Inevitable "You are inevitably... an idiot" Do you have any idea how many people would die without natural gas production for energy? Starting with the elderly and children? Renewables are a wonderful goal...but right now. We are not there. I'll bet you're warm on cold nights...you're welcome.
I deal with O&G every day. I grew up on the industry, I work in it now. There are few land owners like Bryan. Water pollution is not from drilling and fracking, it is caused by improperly handling waste water and injection wells. There is some air quality issues from flaring. The 600k the landowner wanted is not warranted. There is a payment to lease the mineral rights and an additional payment is made for the ground. They already paid him to build the pad. The 70 to repair the house is likely worth it. The whole argument isn't about fracking, his argument is about handling waste water and the company should be smacked. I have turned in clients to ODNR for environmental concerns. Companies need to be held accountable, I found drill mud in an impoundment that a contractor improperly disposed of. Regulations are far tighter than when this started and the whole process is much safer. But the industry out paced the government and there are a small percentage of sites and operators that would be best to be reclaim but by in large fracking does more good.
The REAL argument is about fracking & the fossil-fuel industry--the world's reliance on fossil fuels is a (maybe THE) direct contributor to global warming, which if left unchecked will render planet Earth uninhabitable within a generation or two. (Try to explain that to your children and grandchildren.)
Wojtek, Yours is the only comment from someone who actually knows what he is talking about.
Cleary the US should ban fracking.its clearly terrible for the environment.
Yes but you have to rely on Middle East for oil. Why would you want that. You should turn the money from fracking to invest in renewable and healthcare.
Ideally that's what you would do. Instead, US companies exploit poor farmers and take the vast majority of the wealth to expand their empire and give huge payouts to executives. It's the American way!
All the Democrats want to buy billions of dollars worth of oil from country's that support terrorism.
Austin Anderson the majority of the fracking isnt on farmland though..... they just ise the pensylvania bit for their “polluted drinking water” propoganda bit.
@@270Winchester it's Trump cozing up to the saudis
@@WhysafraidofCause Yep, and both Iran and Saudi Arabia support terrorists groups.
I'm from Washington County. They ruined my fishing spot and my grandma's road crumbled and slid into the creek.
If land owners are getting paid millions, then they can certainly afford to move elsewhere. They’re not obligated to sign a contract.
SIMPLEHECHO exactly! Not to mention being a couple fatasses definitely doesn’t affect their health right!? Lmao
yes, they could just simply move somewhere else and continue to lease the land to the company
he has buyers remorse since his land was bunk and didn't make much money compared to all his millionaire neighbors.
@@theodoricwijaya7283 he.only gets 500 a month in royalties. his land ended up being not worth much
He should of called Erin Brockovich she went up to this kind of thing and bought down a billion dollar company for poisoning water in a small town and won they knew that the water was contaminated but tried to get the people to sell their homes and property because they knew it would get out and the tried to cover it up with lies it was based on a true story great movie too he should of seen it before signing anything
5:52 LOL you know there is something fishy there when they aren't "comfortable" sharing that information
Wait you would be comfortable sharing how much you made on national television? How is that even remotely fishy. That’s just basic common sense.
short answer,without discussion:
YES stop fracking & invest in never non-oil technology!
Real answer: YES keep fracking, to invest in natural gas instead of oil and coal.
They should've just moved. Why not, after becoming millionaires?
Great question
Because they refuse to admit that it's poisoning the water supply. Otherwise they'd have to admit to themselves that they poisoned their friends and neighbors for a quick buck.
Nutritional V because they own the land. They said in the video that they’re trying to get a buyout.
@@TheBeatlesToday but couldn't they have still moved while they waited to sell the land? I thought they had made alot of money off that land initially.
Who said they were millionaires? The video stated how much they were contracted
He could've moved $8 - $12 M buddy won the lottery
The point was he never got even one million. He got a 12K signing bonus and then 500 a month and that's it. What they say to lure you in and what were in the contract are never the same thing.
well if was smart and industrious, he would not be needing to sit on his lazy back and collect money in the first place
The U.S. need more Fracking because in States like West Virginia and Pennsylvania they're making more jobs The only time I can see if they banned it if is losing money
At what cost? The stupid is strong in this argument.
The Bird of Hermes But what you must understand is that those states’ economies rely on the fossil fuel sector. What alternative economy could there be for them?
No they should not
Whatever is the point of money if you're dead? If your legacy, your lands are dead?
They shouldn’t fracking is actually more energy independent because of fracking. Fracking is actually release less Co2 than oil and coal. We need to make it more efficient and safer. Either way no matter what the US does it won’t matter because countries like India and China are building coal mines 4 coal mines a day
Nuclear energy plants
Crude oil, nuclear or even the industrial process needed to make wind turbines can all poison someone if they aren't done responsibly. Pointing out abuses in the fracking process and clear up process is not an indictment on fracking itself.
Finally a reasonable comment within a comments section full of hyperbole.
Fracking is absolutely harmless. I frack two to three times almost every night. especially during winter
As long as financial advisors invest in these companies while stockholders do not pay attention, they will continue to degrade the environment.
Right. We should boycott fossil fuel companies.
Most people these days invest in index funds so they don't even know what companies they're investing in. They just invest in every single company.
They’re making a ton of money with or without investing
As they should. Green future is not good for the econonmy, nobody wants to talk about that
As a few of the examples here show, fracking was/is great for a farmer that was barely getting by, but my experience, from living in Pennsylvania, is that farms were lost (no longer producing) once the farmers made huge deals for mineral leases.
On top of which, the state of Pennsylvania wasn't charging royalties for mineral extraction so all the damage to the environment fell on the average resident. Bad roads got worse, inadequate water treatment facilities were even more burdened. And now that all the wells are drilled and capped and pipelines laid, towns are becoming ghost towns thanks to the sudden economic contractions.
invest in solar, wind and hydro so the us can sell energy without using up its resources
Why? Natural gas is cheaper.
Or just develop nuclear reactors
Hydro, solar and wind isn't as reliable sources
@@thedamddino4893 So going around finding oil and gas in the ground is reliable? No its just that we have more going up the is used which it flatening out the bumps. this is what we need for renewables.
@@vipulchaturvediThis still relies on continuous mining for more consumable materials which cant be sustained. solar and wind are recyclable when end of service life is reached.
Let's just stop using fossil fuels and then we won't have to worried about the price of oil.
Exactly, let the consumers decide, not government.
You first. You will heat your house with...?
So you want people to stop driving, flying, using cosmetics, plastic products, phone's and computers, paints and adhesives, rubber, fertilizers, detergents the list goes on and on.
Stop all oil production and within a month the world economy would collapse.
@@leemacdonald6533 We need less government regulation and no more forced taxation. Taxation is extortion.
Why is this an argument when we have the capacity and intelligence to implement multiple different sustainable energy sources?
Because there’s a large segment of our population that is afraid of change, and don’t want to adapt. It’s not like all of this would happen overnight anyway, we would have to transition slowly. I don’t know 🤷♂️ It doesn’t even hardly pay to talk about it anymore, we’re so divided about every little thing in this country.
@@Pretermit_Sound Frackers don't want to lose their jobs--but I would think some type of promise could be made to them that whatever energy industry springs up to replace the fracking industry (i.e., that provides "clean" energy which won't destroy the planet through catastrophic global warming, which is already happening due to fossil fuel emissions), they can be transitioned into comparable jobs in the new energy industry.
@@not-so-smartaleck8987 I don’t want them to lose their jobs either (or anyone for that matter). I guess I didn’t mean for my comment to come across as hostile. They have every reason to be skeptical. There should be some kind of retraining provided, or at least be given preference in applying for new jobs. I don’t know what the answer is. I just wish the 2 “opposing side” could start a dialogue, and brainstorm some viable solutions.
Tesla will get rid of this environmental nightmare !!
Hoover E Londono whaat is used to generate the power that charges the batteries genius?
Harrison C either renewables or fossil fuel power plants which are significantly more efficient then your car’s engine
@@harrisonc985 solar? Wind? Hydro? Nuclear?
Tesla is dependent on NGL. Oil and gas as a fuel will peak shortly. But the plastics is a different story.
luke schempf your telling me a tesla which on average adds an extra 6 houses to a grid per car annually is more efficient than a gas powered car?
But Biden also said that he absolutely WOULD ban fracking. So did Harris. So how can you trust that he won't do it when they haven't made up their mind. And lets not act like just because Harris said they wouldn't during the debate that it means anything.
Fam MOVE! why are you still there?!? Waiting for these big corporations to get back to you. 🤦♂️
"I'm just waiting, I'm getting sick, so is my kid still waiting tho"
gotta keep the shelves stocked with tires and toothbrushes
Said while on their electronic device.
🚼📳✴️
Dont forget drinking straws
So what are toothbrushes n drinking straws made from again?
Fresh Water+Environment+People all together, will never be more important than Hydrocarbons. But unfortunately this situation will generate badly consequences!
I wonder if people mind paying 3x more for gas, 3x more to heat their home, and paying more for every product that uses energy to produce. Let's see CNBC take on that angle.
oooor we could just take all the money we give as subsidies to these oil and gas compagnies to make our homes and transportations no longer oil dependant?
@@oussama9183 would it be enough? Show me the numbers.
We shouldn't subsidize fracking but don't ban it.
Eliminating subsidies will make gas/oil that much more expensive, though would save tax payers money. It is a trade off.
Renewable energy is great, but it is still much more expensive than current fossil fuels. There will be massive economic impacts banning fracking that will hurt the middle class and poor.
What you save in energy you pay on Medical Bill's. You are an idiot.
Most would be strongly opposed to it.
Bryan, what happened to all the money they paid your family??🤔🤔
Exactly what I was wondering lol
At least get a rain water tank.
Doesn't matter what he did with the money. His contract with Chevron didn't include damage to his house, water supply, or health problems.
@@gabrieljean-batiste2006 he shouldve left the second be saw his son getting sick. He is a moron
He is spending it in Medical Bill's you idiot. In any case what is money gonna get you when your dying or dead?
Thank God there isn't any fracking wells in Georgia
Surely we can find jobs for people that don't involve poisoning the rest of us...
If he got $8M+ why not just move and continue to get royalities off of the land? (or did I miss something?)
yes you do, he’s got farmers mind 😭👨🏻🌾
I'm not sure they properly explained it but from my understanding, he was to get $8M-$13M overall, as a grand total. He got that $25K signing bonus and was getting paid several hundred dollars per month for use of the well but that's about it. I'm not sure if he ever received millions or even hundreds of thousands of dollars.
Come from the Biggest Oil producing county in my state. First you get upfront money then you get a much smaller monthly royalty payment. The contracts are very one sided and have a sliding scale. The oil co. Is always there because there are tanks on your farm holding oil for tankers to haul away. After you sell the Mineral rights the land isn't worth much because the next owner has to work around the oil co. The payments cover some of your expenses that's it. About a $1Billion worth of oil is produced here at WTI prices. No one got rich but that steady income helps in bad times.
you missed the math
Yes, you missed the fact that he's a moron.
These days the US is starting a war in the largest oil producing region and CNBC starts wondering if the US stops fracking lol
It's worse than that. China has 600 billion wrapped up in Iraq. What do you think they're going to do if we start a war again?
buy solar people. make your own POWER!!!!!!!!!!!!!!
@Tied Noose greenhouse gas emmissions is the main concern atm. what do you propose?
here's what we should do: place a tax on fossil fuels and use that to set up carbon capture facilities that can do the work of millions of trees, tax fracking like crazy, and invest in Nuclear. Problem Solved, but we have to act now.
States already have gas taxes, but they are going to the transportation sector, which some states desperately need to keep funded. Are you suggesting an additional hike in gas taxes, out of curiosity? No offense, but said tax hike would likely raise costs of living for everyone, even those who don’t own cars, as their goods would become more expensive.
Dude just become the president then
I don't know about nuclear energy being a cure-all, but I agree with the rest of your comment.
Nukes should have been dropped all over the Nevada, California, Utah, and Texas desert. It takes more people to maintain a nuke reactor after its build then it does to man an oil rig; more jobs with the nukes is my point. Lots of jobs to lay the cement and construct the nuke as well. Japan did fine even after one melted down right next to a major population center during the Tsunami of 2011. It wouldn’t be bad at all if one were to melt down in the middle of the desert.
“I want a liter of cola!”-Rod Farva
Deet Lenroy - .........you didn’t say car Ram-Rod!?
Blame Chevron for bad industry practices, not the entire oil & gas industry
😂 right cause there so trust worthy i mean who knew the disastrous effects that the industry as a whole would produce? Oh right Exxon did back in july 1977 because James black the top scientist hired by exxon told them as much and yet they spent decades lieing to us paying off the politicians that are supposed to represent us. So yes i blame the industry as a whole just like i do the banking institutions for 2008. And my reason is simple absolute power corrupts absolutely money being power you can see why id be distrustful of a trillion dollar industry. After all a businesses only purpose is to maximize profit that means cutting corners and there record speaks for itself after all if it was so safe why are so many people being negatively effected by fracking? Yes people wanna find somthing to gripe about so some complaints are to be expected but this goes beyond a few small complaints were talking 15.8 million people that live within 1 mile of these places all are at risk from lower birth defects cancers and a whole host of problems now if an uneducated 27yr old knows this why dosnt the trillion dollar market? I call BS they know and now more people do too only question is will it matter only time will tell best of luck with your journey to the truth sincerely,Cal
Concentrated benefits, diffuse harms.
The U.S. should think about unbanning more before banning anything.
@MikaelS. Mika ok. Sorry.
Yes, the Dutch government banned it last year.
Dennis Hasselbaink yeah it’s no big deal, let’s put hundreds of thousands out of work and onto the already overburdened tax coffers.
Find a way to do it without the chems and we'll be okay.
Drill baby, drill! And frac baby, frac !
16:20
"Get Up, Stand Up"
- Bob Marley
Shouldn't have signed the bond with Chevron in the first place.
The environmental impact on people's land wouldn't
be as bad if the companies doing the fracking did
what they were supposed to do. That's what I see
in this video.
That is the exact problem. You find almost no instances where a company is performing the proper cleanup and reclamation work. Problem is, nobody thinks rationally. If it were as big of a problem as most people in the comments think it is, then everyone in western PA would be sick.
Love your report Tala, yet big companies will win
Can we stop digging up more carbon and putting it in the air plz
You go from bragging about the money you got, and it sounds like you are still getting monthly, to "Pay me $600,000 for the 6 years I couldn't use my land, and $70,000 to fix it. And you ask what your supposed to do for your kid's health. ...
Here's an idea. The second you suspected health problems from the oil well you should temporarily relocate and get the problem remediated. You're in the position you are in because of your own choices.
Much easier said than done. And they didnt have any way of knowing how the DEP and Chevron would respond to their concerns, let alone to which extent their health could worsen in the long run.
It will be called The American Nightmare in the future.
Everybody concerned about the environment until the power goes out or the bill is sky high.
oh my, tgiving ur farmable lands to oil companies... in 20 years those places will be sooo not safe for human population
They made Bank for their mineral rights at the cost of their Family Health and Farm lands.. 😡☹😠
If the government would dump all the money they spend on oil (1 trillion USD per year, just in the US) - into solar panels and batteries... there would be a lot more new jobs and energy for all. And also, farmers discovered that many plants grow better under solar panels, in partial shade... so even farmland is unaffected by solar panels.
Wind energy is still up for debate, even though it starts making money after the first 6-24 months, depending on geographical location. Allegedly harvesting wind energy slows down the wind, and could potentially affect local weather/climate ... some people don't want that.
@@Poxenium Windmills don't effect the weather because they are not that high...
Nope not til we run out of oil
You know your water is tasty when you can LITERALLY LIGHT IT ON FIRE.
At first I thought this was a Battlestar Galactica reference. I was going NOOOOOOOOOOOOOOOOOOOOOO!!!!!
It's only gonna be banned if it ever becomes too expensive to produce. So if the oil prices crash, production will crash.
But demand will rise if the price is low. On the other hand if the price is high. Demand will slow.
So realistically the oil price can never crash longterm
There's no chance it will ever be banned, as long as the ones making the laws are getting paid by the companies doing it.
Gumball's Gameroom
Banned in all of New York State !!!
Being energy independent and exporting fossil fuel seem to be at odds long term unless either you expect to keep finding new supplies to extract (perhaps with new tech. beyond fracking), or you expect to have renewables production take over when fossil fuels do run out (or get depleted at a faster rate than nature produces more and the supply dwindles for very extended periods, requiring waiting for nature to catch up).
Is it really necessary to export fossil fuels to keep the financial incentives for innovation going long term ? Or is it just for short term profit?
THATS WHATS CAUSING THEM EARTHQUAKES IN PUERTO RICO.RIGHT NOW!!!
Greedy farmers, suddenly trust oil companies, then sue them because they lied, as if they did nit know they were blind with greed
“Miracle,” “revolution.” Never thought I’d hear those words associated with killing and sickening people in the path of this industry.
Stop believing the lies then. Fracking is clean, safe and has been the primary reason for us emissions decreasing.
@@agisler87 Oh really? So it's safe to put solvents in the ground and to burn fossil fuels? What kind of credentials do you have to make such a claim?
@@kristintheartist No more credentials than you making the opposite claim.
Go look online and you will find plenty of evidence that most of the chemicals put in the ground for fracking are harmless or burned off. Also remember toxicity is in the dose. I think the only reason why fracking was maligned so much was from Gasland doc.
And burning natural gas is far cleaner then burning anything else, and we must have energy. As much as the dumb politicians want you to believe renewables are not ready yet. Problem is people want fossil fuels band at the expense of human lives. No energy is far worst for people then pollutants.
No ban high fructose corn syrup first
This is America and profit is King!!! Don't ask stupid questions!!!
The man, the myth, the legend: John Smith!
You can make regulations safer, what you can't replace is the massive amounts of diplomatic and geopolitcal power being an energy exporter yields, not to mention the jobs and wealth it creates, which translates directly to tax revenue.
The problem isn't fracking, the problem is sloppieness and cheapness from the drillers. Establish standards that prevent the pollution and enforce them, and most of the problems go away.
We shouldn’t ban fracking quite yet. First we should ban coal mining and use, let the market adjust, and then move on to fracking, then traditional oil drilling after that
Fracking is not dangerous
Negligent companies who cut corners are dangerous.
@@Peccs91 Right
Go live there....it's cheap take you're children too.
Please make a video on indian economy
Okay abdul
@@Spiderweb007 who are you someone from cnbc
Banning fracking would make oil more expensive .... and renewables cheaper by comparison.... Imagine that.
There’s environmental problems that comes with water pollution or contamination from fracking. But in the mean time, the alternative energy infrastructure is not ready to make a clean switch over yet...in 10 years, new EV and alternative energy will have a great effects on the changes. Drilling oil sounds great until it leaks and it takes years to clean up. Fracking made some people in PA rich but also health consequences that comes with it too. Water quality might be contaminated for years. The Gulf of Mexico spilled makes a big mess, fishes, ocean animals, birds dies, water contamination, fishermen has to move away, no tourism for years...the consequences are huge. Alternative energy has no or very little negative effects on the environment.
What about Nuclear?
@@lamaripiazza5226 let fusion start working first