Tag Archives: gas and oil exploration
Protesters oppose fracking by Cuadrilla Resources in UK
Opposition to shale gas extraction flared up in the tiny village of Balcombe, England on Sunday as hundreds marched on an oil exploration site in protest at the drilling process known as ‘fracking’. Activists are concerned the hydraulic fracturing, or fracking, process used to extract gas from rocks underground can trigger small earthquakes and pollute […]
EU looks at oil price fixing scheme
On Wednesday, the European Commission ramped up its inquiry into the potential manipulation of oil and biofuel prices, as investigators continued to question BP, Royal Dutch Shell and Statoil about their trading activities. Oil is one of the murkiest markets. Much of the vast global oil trade occurs away from regulated financial exchanges, as companies […]
Fracking causes earthquakes
Scientists say wastewater injection from hydraulic fracturing was linked to a magnitude-5.7 earthquake that struck the US state of Oklahoma. http://www.bbc.co.uk/news/science-environment-21952428 The practice risks causing seismic events and contaminating groundwater. The study in Geology shows that “induced seismicity” can occur years after wastewater injection begins. The new study adds to an increasing body of evidence […]
Dirty Babylon 