Fracking companies going bankrupt
Bloomberg Business News is reporting that "Half of U.S. Fracking Companies Will Be Dead or Sold This Year."
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
There could be about 20 companies left that provide hydraulic fracturing services, Rob Fulks, pressure pumping marketing director at Weatherford, said in an interview Wednesday at the IHS CERAWeek conference in Houston. Demand for fracking, a production method that along with horizontal drilling spurred a boom in U.S. oil and natural gas output, has declined as customers leave wells uncompleted because of low prices.
Fracking -- a feminist issue?
As the Washington Times recently reported:
In an April 6 lecture at the University of Pittsburgh, biologist Sandra Steingraber of New Yorkers Against Fracking described the fight over oil and natural gas development as a feminist issue.
“Fracking as an industry serves men. Ninety-five percent of the people employed in the gas fields are men. When we talk about jobs, we’re talking about jobs for men, and we need to say that,” Ms. Steingraber says in a video posted on YouTube by the industry-backed group Energy in Depth.
“The jobs for women are ‘hotel maid’ and ‘prostitute,’” she says. “So when fracking comes into a community, what we see is that women take a big hit, especially single women who have children who depend on rental housing.”
Not surprisingly, the fracking industry answered:
Supporters of the industry swung back by citing a 2014 report from the American Petroleum Institute, which found that women filled 226,000 oil, gas and petrochemical industry jobs, or 19 percent of those jobs.
Is fracking increasing the radon in our homes?
West Virginia Public Broadcasting is reporting on a study that suggests a possible link between fracking and radon gas in homes:
A new study of a radioactive, carcinogenic gas has grabbed the attention of news outlets and both pro and anti-fracking groups alike. The study published earlier this month says increases of radon gas in people’s homes in Pennsylvania coincide with the horizontal drilling boom. Some geological researchers in the region are skeptical while others aren’t at all surprised.