BAKKEN OIL BUSINESS JOURNAL

Aug-Sept14

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 45 Strategically located and staffed with the expertise and experience to support oil and gas resource development nationwide. Denver-Julesberg • Unita/Piceance • San Juan • Permian Appalachian • Bakken • Niobrara • Marcellus • Utica • Barnett STV/GWD provides engineering, design and environmental services to the liquid petroleum, natural gas processing, and pipeline transportation markets for projects from start-up to completion. • Oil, gas & water processing/treatment facilities • Pipelines • Construction management/pipeline inspection • Commissioning • Storage facilities • Control system programming & integration • Environmental permitting • UL 508A-listed control panel fabrication shop Regional offices conveniently located in Denver and Bismarck. Serving the Rocky Mountain Region and Beyond Contact: Gary Doven Senior Vice President (303) 951-9311 | gary.doven@stvinc.com www.gwddesign.com | www.stvinc.com Part of STV Energy Services, Inc. their resources must be exploited by bureau- cratic, slow-moving national companies and international giants. In the US, major oil companies were blind- sided by the revolution. Only smaller firms, who must "innovate or die", led the way. Fracking And Climate Change For a relatively mild case against fracking, Foreign Affairs turns to the head of the Environmental Defense Fund (EDF ). His primary concerns are pollution (air- and waterborne) from new wells and the wide- spread release of methane, a more potent global warming accelerator than carbon dioxide. Yet these can be overcome. For example, a study commissioned by the EDF "found that using currently available technologies alone, 40 percent of methane emissions could be eliminated over the next five years for less than a penny per thousand cubic feet of gas produced" — or less than 1% of the cost of a thousand cubic feet, even at its lowest price. Fear Of Fracking What EDF's president can't seem to explain is the fear and loathing of this revolutionary technology that has led both France and Germany to put indefinite bans on fracking. Even the State of New York imposed a ban in spite of its ample reserves. If the president of a major environmental advocacy organi- zation can't make a stronger case, it's hard not to suspect that much of the anti-fracking hysteria is based on ideology and junk science. The great irony, of course, is that shale gas has enabled the US to dramatically reduce its carbon dioxide emissions, doing more than any renewable energy sources to achieve exactly the objective environmentalists cherish. Shale Races Ahead Of Electric Cars And Nuclear Energy Rounding out its energy package, Foreign Affairs includes a look at the potential of electric cars and nuclear energy to provide alternatives that reduce dependence on fossil fuels. Although clearly written by boosters of those technologies, the authors of the two articles don't provide much grounds for optimism. The Minnesota professor making the case for electric cars admits that the problems of battery tech- nology make it unlikely that electric cars will have the range of their conventional counterparts before 2030. What he really seems to want is revealed in his observation that "If policymakers took the politically unpopular step of taxing people for the carbon their cars emit, electric vehicles would capture a larger market share." Meanwhile, the nuclear engineers give little reason to expect any change in the poli- tics that make it so difficult to build new nuclear power plants. So it would seem that the future belongs to shale, at least in the United States of America. ■ Republished with permission of the author. David Adesnik is a visiting fellow at the Marilyn Ware Center for Security Studies at the American Enterprise Institute (AEI), where he works on isolationism, national security strategy, and democracy promotion. He is part of AEI's American Inter- nationalism Project. Sourced from Forbes.com. http://www.forbes.com/sites/davidadesnik/

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