SNAKE OIL: Chapter 5 – The Economics of Fracking: Who Benefits?
When we inquire who benefits from the fracking frenzy, the intuitively obvious answer is, “the oil and gas industry, of course.” Yet this may be a simplistic assumption.
When we inquire who benefits from the fracking frenzy, the intuitively obvious answer is, “the oil and gas industry, of course.” Yet this may be a simplistic assumption.
I attended a unique event in Istanbul, Turkey, from October 11-14, 2013, called “Giftival,” a neologism combining gift and festival.
The CLT model works by purchasing land on behalf of the community and holding it in trust in perpetuity.
Food is treated as a private good in today’s industrial food system, but it must be re-conceived as a common good in the transition toward a more sustainable food system that is fairer to food producers and consumers.
Why has there been such a massive grassroots backlash against fracking? In this chapter, we’ll look at the evidence for fracking’s impacts on water, air, land, and climate. Reader warning: it ain’t pretty.
Imagine a city where everyone’s needs are met because people make the personal choice to share.
Hughes notes that individual shale gas well decline rates range from 80–95% after 36 months, in the top five US plays.
In Argentina, worker ownership requires trust against all odds.
Cities are ripe with sharing opportunities.
Even if forecasting the exact date of the peak is a fool’s errand, only a fool would miss the signs that the world oil industry has entered a new, desperate era. Discoveries are down, costs are up. Production has flatlined, environmental impacts from petroleum operations are soaring.
The notion that fossil fuels are supply-constrained has gone from being generally dismissed, to being partially accepted, to being vociferously dismissed. Who are the players in this game, and who’s winning?
But what if coworking was a slower, more spacious affair that offered a respite from the everyday grind and included meals, walks and intentional collaboration?