NexusFi: Find Your Edge


Home Menu

 





Stop the Frack Attack


Discussion in Off-Topic

Updated
      Top Posters
    1. looks_one Fat Tails with 4 posts (21 thanks)
    2. looks_two aquarian1 with 4 posts (4 thanks)
    3. looks_3 ratfink with 3 posts (9 thanks)
    4. looks_4 Underexposed with 3 posts (5 thanks)
      Best Posters
    1. looks_one Fat Tails with 5.3 thanks per post
    2. looks_two ratfink with 3 thanks per post
    3. looks_3 Rachel with 2.5 thanks per post
    4. looks_4 Underexposed with 1.7 thanks per post
    1. trending_up 4,612 views
    2. thumb_up 52 thanks given
    3. group 5 followers
    1. forum 21 posts
    2. attach_file 8 attachments




 
Search this Thread

Stop the Frack Attack

  #1 (permalink)
 
Rachel's Avatar
 Rachel 
San Diego
 
Experience: Advanced
Platform: Private
Broker: private
Trading: CL future
Posts: 1,380 since Mar 2012
Thanks Given: 935
Thanks Received: 1,955

It’s outrageous: there are no federal rules requiring fracking companies to reveal the litany of hazardous chemicals being pumped into the ground -- and communities across the country have been left defenseless against the fracking frenzy.

The EPA has been dragging its feet on closing this disclosure loophole, allowing our health and safety to take a backseat to the interests of corporate polluters.

But the agency is now inviting the public to comment on this critical issue before September 18.

https://www.nrdc.org/?cmd=display&page=UserAction&id=3579&autologin=true&s_src=EMOFRKPETBGD0914BG1YRFU&utm_source=link&utm_medium=alert&utm_campaign=email

The fracking onslaught is wreaking havoc on communities around the country:

A recent Colorado investigation found that the state has been suffering two oil and gas spills per day this year, including toxic chemicals like cancer-causing benzene -- usually without residents even being notified. Several spills contaminated groundwater, and one flowed into a river.

And in places as far flung as Dimock, PA, Pavillion, WY, and Parker County, TX, the EPA has apparently caved to industry pressure and dropped its investigations of fracking pollution, leaving residents to fend for themselves and suffer the consequences.

https://www.nrdc.org/?cmd=display&page=UserAction&id=3579&autologin=true&s_src=EMOFRKPETBGD0914BG1YRFU&utm_source=link&utm_medium=alert&utm_campaign=email

Sincerely,
Frances
Frances Beinecke
President
Natural Resources Defense Council


PS Under the Bush administration, Cheney got a bill that was put into place by Nixon removed, it protected the US from being polluted and that American soil and resources would be protected. The chemicals, they use in fracking are so bad, the above letter, doesn't even state that the chemicals that fracking uses, CAN NEVER BE REMOVED and that part of America is polluted and toxic FOREVER!!!! That means that ground water, is made useless forever, food can never be grown on that soil etc. Thanks to Cheney raping the American economy, environment and our country. This is the legacy the Bush administration has created for our children and future. This is an example of why business and government should be separate, which is what we do not have now. The corporations have bought our representatives and they have got certain bills passed that DO NOT have our best interests at heart and we need to stand up and voice our opinions and make sure our government represents the people and not corporate profits.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
The following 5 users say Thank You to Rachel for this post:

Can you help answer these questions
from other members on NexusFi?
Request for MACD with option to use different MAs for fa …
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
49 thanks
NexusFi site changelog and issues/problem reporting
47 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #2 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

The main problem is contamination of ground water.

Over here we differentiate between

- conventional fracking (asphaltic sandstone)
- non-conventional fracking (coal bed & shale)

Conventional fracking - typically in depths > 10.000 ft - is practiced since many years. Non-conventional fracking is (indirectly) forbidden by most of the federal states.

There is currently a public discussion and a government initiative for a new law which will set up a new legal framework for non-conventional fracking. The law will probably make it difficult for operators to comply with water protection rules.

The fracking industry in the US mainly serves as an example for irresponsibility and recklessness.

Reply With Quote
The following 6 users say Thank You to Fat Tails for this post:
  #3 (permalink)
 
puma's Avatar
 puma 
zurich
 
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
Posts: 964 since Aug 2010
Thanks Given: 7,273
Thanks Received: 1,507


I can not stand the green - eco - hippies that terrorize the German public for many years.

It is the same in many other places in Europe. ( and here in post #1)

The lying & unchecked (state-funded ) press completely fails to educate the public in a balanced way. They are dominated by green - eco - hippie ideology.

politicians and pompous asses like to play the alarmist card - to profile themselves as the messiah.

energy is prosperity.

Follow me on Twitter Reply With Quote
The following user says Thank You to puma for this post:
  #4 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,425

In my experience the bullshit and bad science is usually equally divided and found in large amounts in both camps, as is the hypocrisy and corruption.

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to ratfink for this post:
  #5 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


puma View Post
I can not stand the green - eco - hippies that terrorize the German public for many years.

It is the same in many other places in Europe. ( and here in post #1)

The lying & unchecked (state-funded ) press completely fails to educate the public in a balanced way. They are dominated by green - eco - hippie ideology.

politicians and pompous asses like to play the alarmist card - to profile themselves as the messiah.

energy is prosperity.


No need to insult anyone. It is important to have different views on a subject.


Energy and prosperity: GDP depends to a much lesser extent on energy than it did back in the eighties.



The trend will continue until the end of the century.


Fracking is an example of the Tragedy of the Commons. Fracking allows for short term gains, as long term damages are not being accounted for.

However, it would be stupid to make general statements on the subject. In some cases the risk of ground water contamination is high, in other cases it is low. Legislation and control is needed to allow for evaluation of potential damages.

Reply With Quote
The following 7 users say Thank You to Fat Tails for this post:
  #6 (permalink)
NoiseTrader716
Buffalo, NY
 
Posts: 64 since Jul 2014
Thanks Given: 4
Thanks Received: 38

Rachel has to be a gimmick account.

The amusing thing is I guarantee once solar power becomes cheap and wide spread enough there will be people complaining about some aspect of it and how we need to find something else.

Life is so incredibly easy, with all our needs met with so much to spare some people don't know what to do with themselves other than to complain and find something to be outraged about.

Reply With Quote
The following 2 users say Thank You to NoiseTrader716 for this post:
  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476


NoiseTrader716 View Post
Rachel has to be a gimmick account.

Your comment is uncalled for.

You've been here a very short time. You aren't an Elite Member. Your posts aren't very well received. This is all public information based on your profile.

Whereas if you look at Rachel, she has been here for 2 1/2 years, is an Elite Member, and her posts are well received.

I would encourage you to not make comments about others that you cannot substantiate with fact.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
  #8 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
Posts: 934 since Feb 2014


Fat Tails View Post
The main problem is contamination of ground water.

Over here we differentiate between

- conventional fracking (asphaltic sandstone)
- non-conventional fracking (coal bed & shale)

Conventional fracking - typically in depths > 10.000 ft - is practiced since many years. Non-conventional fracking is (indirectly) forbidden by most of the federal states.

There is currently a public discussion and a government initiative for a new law which will set up a new legal framework for non-conventional fracking. The law will probably make it difficult for operators to comply with water protection rules.

The fracking industry in the US mainly serves as an example for irresponsibility and recklessness.

More than the contamination of groundwater which comes from poor construction of the well in the first place.

I don't like the AMOUNT of freshwater required just to drill each well...upwards to 2 to 4 millions of gallons of FRESH water for each well and more if the well is re-fracked. Then you have the issue of disposal of contaminated water usually by drilling deep injection wells for that purpose.

The USA is not flush with fresh water to begin with. To use this amount of a precious resource is a misuse of resources. In a drought situation, who has first dibs on the water available? The public, agriculture or the O&G fracturing processes???

I read recently a defense of this practice was to point out that Texans waste 10 times as much water by watering its lawns and golf courses. My comment to that is, first comparing one bad practice to another bad practice is hardly justification but secondly, watering lawns and golf courses does not contaminate the water and render it useless for future use the way fracturing process does.

Such watering also does not disrupt the life in small town USA and Canada. You don't see truck upon truck of fresh water traveling into the cities for the purpose of watering lawns and Golf courses....the water pipelines already are there to serve the public. But you do see rural life totally disturbed and damage to roadways by hundreds of trucks bringing in fresh water and removing contaminated waste water for each well in the area.

I found this to be a pretty balanced and easy to read discussion on the effects of Fracking in the Gas industry

https://pacinst.org/wp-content/uploads/2013/02/full_report5.pdf

Reply With Quote
  #9 (permalink)
 
Rachel's Avatar
 Rachel 
San Diego
 
Experience: Advanced
Platform: Private
Broker: private
Trading: CL future
Posts: 1,380 since Mar 2012
Thanks Given: 935
Thanks Received: 1,955

Knowledge is power.



This is the video, I watched a while back, on fracking for gas.
Sorry about the subtitles, couldn't find a version without it.

This film maker paid 100K to get the watered tested from gas fracking.

Water so contaminated, the water catches on fire.

People living in homes that can explode.

Whistle blower: Weston Wilson testimony, around 24 minutes into this video.

I encourage you all to watch the above video and you will understand
the comments, I made in my first post.


at 1:24 minutes into the video, this statement is made by Mr. Albert F Appleton:
The materials used for hydro fracking don't biodegrade once they are in the environment, they are in the environment to stay...

Attached Thumbnails
Click image for larger version

Name:	Effects_of_Triethylene_Glycol_chemicals_used_in_gas_fracking_2014-09-13_2113.png
Views:	194
Size:	625.7 KB
ID:	156349   Click image for larger version

Name:	Mr._Albert_F_Appleton_statements_2014-09-13_2217.png
Views:	158
Size:	175.3 KB
ID:	156360  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #10 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,425



Underexposed View Post
I found this to be a pretty balanced and easy to read discussion on the effects of Fracking in the Gas industry

https://pacinst.org/wp-content/uploads/2013/02/full_report5.pdf

Readable, but sadly the usual problem. No science and no economics. It's a series of interviews by a social policy institute running a project that is sponsored by a green drama group that was founded by Wendy, the wife of Mr Google, Eric. (Which also helped distribute 'An Inconvenient Truth', Al's non-science smash graveyard hit.)

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to ratfink for this post:





Last Updated on November 25, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts