{"id":764,"date":"2013-08-21T09:05:04","date_gmt":"2013-08-21T14:05:04","guid":{"rendered":"https:\/\/allenergyconsulting.com\/blog\/?p=764"},"modified":"2013-08-28T14:59:33","modified_gmt":"2013-08-28T19:59:33","slug":"anti-shale-gas-anti-fracking-the-case-for-more-effective-regulation","status":"publish","type":"post","link":"https:\/\/allenergyconsulting.com\/blog\/2013\/08\/21\/anti-shale-gas-anti-fracking-the-case-for-more-effective-regulation\/","title":{"rendered":"Anti-Shale Gas \u2013 Anti-Fracking The case for more Effective Regulation"},"content":{"rendered":"

There is so much negativity on shale and frackin, it is quite amazing.\u00a0\u00a0 You have the Gas Land movies who document all the POTENTIAL negatives of fracking.; \u00a0a big push by many environmental groups to stop fracking, likely as a result of low gas prices lead to poor economics for renewables; \u00a0and shale bashing all in the name of generating page hits, as pointed out in <\/span>my previous blog<\/span><\/a>.<\/span><\/span><\/p>\n

I will agree that bad things CAN happen with fracking.\u00a0\u00a0 However, it is no different than bad things happening with cars.\u00a0\u00a0 Do we ban cars?\u00a0\u00a0 We have drunk drivers and now texting drivers, and odds of being in a serious accident as high as 30%.\u00a0\u00a0 Let us ban cars!\u00a0\u00a0 Why we don\u2019t ban cars because of the many examples of safe driving and the amount of value it can add to society.\u00a0\u00a0 Because of these potentially bad outcomes of driving, we have regulations for driving from age limits, alcohol blood limits, stop lights, driving rules, etc…\u00a0\u00a0 Fracking has occurred for many years \u2013 over 40,000 wells in the US since 1990.\u00a0\u00a0 To say low natural gas price has not helped society is to deny reality.\u00a0\u00a0 As I noted in the <\/span>previous blog<\/span><\/a> since 2012, shale gas has added $283 billion to the economy.\u00a0 <\/span><\/span><\/p>\n

I will agree that there has been some bad incidents associated with fracking.\u00a0\u00a0 However, these bad incidents could have been easily avoided with EFFECTIVE regulations.\u00a0\u00a0 Government, in its raw form, is designed to control our vices. \u201cSociety is produced by our wants, and government by our wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices.\u201d Thomas Paine.\u00a0\u00a0 <\/span><\/span><\/p>\n

Bad eggs\/actors will come and go no matter what the subject, from sports to academia, to government, to industry.\u00a0\u00a0 The system of checks and balances regulates and manages these bad eggs.\u00a0 Fracking issues are not any different.\u00a0\u00a0 Effective regulations are needed.\u00a0 \u00a0As a society, we need to spend capital and time on the regulators and building logical rules and inspection processes.\u00a0\u00a0 We can take some of the $283 billion saved from fracking and add some \u201cinsurance\u201d component to do more routine inspections of wells and in all parts of the life cycle of the well.\u00a0 We need to hold accountable companies who break the rules.\u00a0\u00a0 The judicial system and all the loop holes of paying a fine and admitting no wrong-doing is a bunch of BS.\u00a0\u00a0 People justify this because of the cost it would have on the government to litigate it all the way.\u00a0\u00a0 I say, just add a law stating if found guilty, the company would also pay ALL the legal fees of the government.\u00a0\u00a0 I am not sure they would want to litigate all the way at that point.<\/span><\/span><\/p>\n

There are many who fail to empathize with those farmers and land owners in the middle of nowhere. \u00a0\u00a0Instead they want to stop them from seizing an opportunity to advance their lives in the name of the environment they do not live in.\u00a0 These people now have the ability to advance their standards of living, not only for themselves, but for future generations.\u00a0\u00a0 It is almost like winning a lottery ticket.\u00a0 As the winning lottery ticket, if you don\u2019t manage it properly it will not bring much happiness.\u00a0\u00a0 People who are attempting to stop fracking need to also consider the people who are directly involved.<\/span><\/span><\/p>\n

You can potentially know if someone is unbias when not many people will agree with their stance.\u00a0 \u00a0You can see my fellow industry friends have failed to support my push due to my insistence on effective regulation.\u00a0\u00a0 My fellow environmentalist friends don\u2019t like that I point out society values that could balance out many of the negative environmental outcomes.\u00a0 This is a potential problem with a truly opened democratic society which focuses on popularity.\u00a0 You don\u2019t always get the best outcomes if you go with the crowd.<\/span><\/span><\/p>\n

\u00a0<\/span><\/p>\n

Your Energy Consultant,<\/span><\/span><\/p>\n

David K. Bellman<\/span><\/a><\/p>\n

614-356-0484<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

There is so much negativity on shale and frackin, it is quite amazing.\u00a0\u00a0 You have the Gas Land movies who document all the POTENTIAL negatives of fracking.; \u00a0a big push by many environmental groups to stop fracking, likely as a result of low gas prices lead to poor economics for renewables; \u00a0and shale bashing all […]<\/p>\n","protected":false},"author":1,"featured_media":14,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3],"tags":[215,14,13],"class_list":["post-764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","category-natural-gas","tag-fracking","tag-natural-gas-2","tag-shale-gas"],"_links":{"self":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/comments?post=764"}],"version-history":[{"count":5,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/764\/revisions"}],"predecessor-version":[{"id":775,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/764\/revisions\/775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/media\/14"}],"wp:attachment":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/media?parent=764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/categories?post=764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/tags?post=764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}