Should The U.S. Ban Fracking?
Рет қаралды 515,628
4 жыл бұрынBy 2020, for the first time in 70 years, the US is predicted to become a net energy exporter. Most of this progress can be attributed to the combination of two technologies known as hydraulic fracturing and horizontal drilling. American consumers, oil and gas companies, and landowners have benefited significantly from the shift, while others say they have lost a great deal. CNBC explores if the U.S. should ban fracking.
The combination of hydraulic fracturing, or fracking, and horizontal drilling has revolutionized U.S. energy. The country has gone from heavily relying on foreign oil to producing enough for both its domestic consumption and international exports in less than two decades. The shale revolution has lowered prices, strengthened the U.S. geopolitically and made entrepreneurs and landowners very wealthy. By 2020, the US is predicted to become a net energy exporter.
However, the process of fracking is controversial. The potential harm to the environment and local communities is polarizing. Opponents of fracking argue water contamination and air pollution warrant stricter regulation and in some cases, a complete ban. Proponents on the other hand, claim that there is little to no evidence linking the pollution to gas drilling. A common rhetoric is that burning natural gas is more environmentally friendly than burning coal.
But there's been a number of reports where individuals have been harmed, often due to mishandling of wastewater or improper building of boreholes. Bryan Latkanich lives in Washington County, Pennsylvania and leased his property to Chevron. He claims health problems him and his son have experienced and the damage to his property are caused by the gas drilling on his property. But the Pennsylvania Department of Environmental Health and Chevron have not found a link between the gas drilling and his claims. "Ultimately at this point I just want to get a buyout and move my son away from here and myself so we can try to get better and have a normal life," says Latkanich.
UPDATE: Chevron acquired the rights to the well on Bryan Latkanich’s property after it was installed.
Whether fracking should be allowed or not is widely discussed. France, Germany and Ireland have banned the practice entirely. So have states in America such as New York, Maryland and Vermont. Democratic hopefuls, Elizabeth Warren and Bernie Sanders, have made statements that they intend to do change the regulations at the federal level. Other candidates like Joe Biden and Pete Buttigieg are suggesting limits on production or stronger regulations. However, as the laws currently stands, the Federal government has limited regulatory tools to make any real changes. Most authority of oil and gas development is in the hands of state governments.
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Should The U.S. Ban Fracking?
@woahwoahwoahthiccboi5300 4 жыл бұрын
“Once the last tree is cut down and the last river is poisoned, then man will realize that they can’t eat money” - Native American proverb
@praba991ify 4 жыл бұрын
Just that it will never happen
@frankfrankerson8127 4 жыл бұрын
The natives were too worried about what they could drink
@brain0nfire 4 жыл бұрын
@@praba991ify specially because every top country's government has been planting a large amount of trees. People eat the climate doom agenda with no question. Go hear everyone's arguments first people.
@brain0nfire 4 жыл бұрын
It's true people can't eat money, but they can't eat air either. People need to make a living more than they need to care for the environment. How long can you last without a steady income? If we could have the best of every world it would be one thing, but it's not that simple. People are not just evil and careless, they also have legitimate reasons for the colateral damage.
@DanBurgaud 4 жыл бұрын
"Man will start eating the native Americans" - the man who can't eat money
@Xx-po1fu 4 жыл бұрын
One day in the future (because of fracking), large areas of Pennsylvania will be abandoned eyesores, unfit for people to live on.
@thesauceman8457 4 жыл бұрын
Amusis Easy to say when your life or livelihood isn’t involved. Your state or country likely isn’t the one experiencing quakes from fracking.
@AdamSmith-gs2dv 4 жыл бұрын
Yea sure dude meanwhile fracking is giving former coal miners jobs and helping reduce emissions (Nat gas emits 50% less carbon than coal when burned)
@thesauceman8457 4 жыл бұрын
Amusis Yes because they just dish out money to move entire communities. Your such an expert on this topic. I don’t understand how someone so far removed from this topic can even think they know what’s happening on the ground.
@harrisonc985 4 жыл бұрын
X x keep seething liberal
@harrisonc985 4 жыл бұрын
Fuert Neigt playing devils advocate. “but thats white peoples fault for leaving”
@seeingstars199 4 жыл бұрын
He was getting money. Why didn't he move in the first place?
@noobjitsu1743 4 жыл бұрын
If my 9 year old son was sick from living at that place i would pack up move and keep collecting royalites
@jameswatson8997 3 жыл бұрын
Thanks for your comment, I was thinking the same thing, I’m pretty sure he was making enough money to move, I’m sorry but his fault
@baymaxred4632 3 жыл бұрын
i couldnt agree more
@simbos174 3 жыл бұрын
And then he asked for 670,000 after they were gone, he probably blew all the original money :/
@Cre8tive81 4 жыл бұрын
Someone is actually named John Smith..
@peteradaniel 4 жыл бұрын
Not mentioning the UK.
@cpt.crunch9978 4 жыл бұрын
I work with a guy named John Snow. The game of thrones jokes are endless
@tswrench 4 жыл бұрын
What are you talkin' about? There's at least one registered at every Motel 6 in existence.
@Cre8tive81 4 жыл бұрын
@@tswrench So true. I have always just thought of it as a "joke" name.. I mean in 2020, who with the last name "Smith" has a baby and says to themselves... John is the perfect name! Unless they want that person get beat up every day.
@richardsantanna5398 4 жыл бұрын
@@Cre8tive81 I don't get it. What's the big deal? It sounds like a perfectly normal name.
@kennethMaveGR 4 жыл бұрын
The conclusion is... Education funding is what we need in US... end of the story.
@ceciLOVEtaco 4 жыл бұрын
The conclusion is you will never get it . They will put most of the money in weaponry development , end of story.
@logic7374 4 жыл бұрын
We already have funding for our education system and it has failed. The education system in the U.S has been OVER FUNDED for decades. With poor results. In Japan and S. Korea, they have shoe string budgets, yet the students perform better. Why? Because it has to do with genetics and culture.
@jensjensen9035 4 жыл бұрын
Kenneth C Education money has trippled yet it has yielded nothing
@aznkamikazee 4 жыл бұрын
@@ceciLOVEtaco no cause Mexico is gonna pay for it.
@cmdr1911 4 жыл бұрын
The distribution of school funding is a huge issue. The local schools around me have enitre counties come together to put together a class of 30 kids. They don't quality for much of the states extra funding. They pay teachers under 30k a year to start, can't field sports teams and use outdated facilities. In the last 10 years oil and gas industry taxes have increased teacher pay, investment in facilities and added teams/bands/art. Money does make a huge difference when used properly.
@raphaelchowdhury2204 4 жыл бұрын
Thank god, it´s banned in Germany. I live in a small town, here it´s even banned to use salt to melt ice as it will contaminate the groundwater. The groundwater here where I live tastes like natural spring water.
@frankyflowers 4 жыл бұрын
didn't hitler make lots of synthetic gasoline? that probably wasn't good for the fish.
@theburninator33 4 жыл бұрын
Fracking is used in geemany for thermal energy
@raphaelchowdhury2204 4 жыл бұрын
@adukuttan rocks We are buying it from Russia. It´s way cheaper. Germany had always strong environmental protection laws. It´s even forbidden to wash your car in front of your garden.
@raphaelchowdhury2204 4 жыл бұрын
@@frankyflowers Modern Germany has nothing to do with Hitler. Nazi salute is forbidden here. People pay fines and go to jail in some cases for this offence.
@Aim2Be 4 жыл бұрын
That's not completely true there is some fracking in Germany. Especially in NRW and RLP (Landau). Look it up! People still fight here to end it
@Doziethegreat 4 жыл бұрын
Private profits, socialized environmental degradation. Future generations in these communities will pay the price.
@GC-ph9mz 4 жыл бұрын
they drill beacuse WE consume it! they only support OUR CURRENT demand!
@ruifilipe808 4 жыл бұрын
Yup, short and sweet. You hit d nail on the head!
@Brandon-305 4 жыл бұрын
The oil giants must meet a environmental criteria or they will be banned.
@ProthoPectore 4 жыл бұрын
Regulatory Capture - Regulatory capture is a corruption of authority that occurs when a political entity, policymaker, or regulatory agency is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group. When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. Government agencies suffering regulatory capture are called "captured agencies." The D.E.P. of PA (Department of Environmental Protections of Pennsylvania) is an example of a Captured Agency. Industry self regulates, Self Compliance.
@joaquinjr2570 3 жыл бұрын
GC sound like coal oh wait
@chrissscottt 4 жыл бұрын
It's like the guy who sold his soul to the devil getting seller's remorse.
@cmdr1911 4 жыл бұрын
That's why my dad who has done this for 30 years says get a lawyer right away. The land owner can dictate where the well goes. They can't stop the lateral but the can stop the pad. Not saying they were right but he opted to remain uniformed will the 13 million in royalties coming and like another 500k in lease money. Chevron needs to be accountable for the discharge as well. Most companies wouldn't give him keys or allow him on the pad either.
@matttipton5403 4 жыл бұрын
He received millions of dollars! He could buy a house a few miles away and keep receiving money for the rest of his life with no repercussions.
@cmdr1911 4 жыл бұрын
@@matttipton5403 I have hand clients actually buy homes to force people out of them for safety. There is alot he could and should have done with the concern.
@AntKardano 4 жыл бұрын
i see this as natural selection, you get all this money and you are still too stupid to move away from the drill site?
@saxopio6280 4 жыл бұрын
@@matttipton5403 Right. He says at this point he just wants to move him and his son away to get better. Geez, if he really wanted to move then he could have done so already with all that money he's getting from the lease.
@turkrane12 4 жыл бұрын
You can fool some of the people some on the time but you can't fool all the people all the time, Abraham Lincoln
@gianieatpunani 4 жыл бұрын
Lol Bob Marley quoted that too
@xavichuvy9047 4 жыл бұрын
The American Idiocracy proves that quote is a bunch of manure.
@hellogeeks3510 4 жыл бұрын
@JAG Who would benefit from banning fracking ? On the other hand, if hydraulic fracking was bad as every non-US expert would agree, who would benefit from not banning it ?
@compactcow 4 жыл бұрын
@@hellogeeks3510 all of the future generations who will have to deal with the climate change we create are the people who would benefit from banning fracking.
@gmax876 4 жыл бұрын
Bob Marley
@aamirc 4 жыл бұрын
CNBC really upping their KZfaq game
@gatewaysolo104 4 жыл бұрын
Their last couple videos have been borderline propaganda for the left
@kermithoffpauir2596 3 жыл бұрын
Both Horizontal drilling and hydraulic fracturing are both 70 year old technologies. The change is geosteerable drilling that allows the accuracy necessary to drill and produce tight shale formations.
@tuyinc 4 жыл бұрын
Pay me "a lot" of money to poison me? Where do I sign up?
@loisfoster5565 3 жыл бұрын
I doubt very much that you would be thinking about poison water or any other damage. You would be thinking of the big bucks. And I'm sure the guy convincing you is very slick. With all kinds of promises and assurances
@tuyinc 3 жыл бұрын
@@loisfoster5565, you couldn't pay me to poison my neighbor's water, let alone mine, but I get your point. I would be under a lot of pressure if they offered large some of money or if my kids are starving.
@franciscoverra2307 3 жыл бұрын
Have a solid proofs on deaths of facking, how about drugs related deaths.
@robertpait1916 4 жыл бұрын
It would be nice if the government was even across the board. If polluting the environment is bad then all environmental pollution should be considered bad. There should be given no preference to high-value Industries. Our government today has no compass. What's good today is bad tomorrow and vice versa.
@Coolrunnings007 4 жыл бұрын
Well different states have different rules and what works for one state wouldn’t work for another state. That’s why the government should allow that flexibility.
@sundaylover5892 4 жыл бұрын
They don't care unless the bad effects actually happen to themselves
@llanthony1 4 жыл бұрын
With all that money, you can't just move out and get a new place?
@lightning962 4 жыл бұрын
Short answer, corporate greed. Company’s care too much about their profits instead of persons health.
@jelioooo 4 жыл бұрын
Lightning962 or making the products we need at a cheap and competitive price. Unfortunately not many people would want a 15 dollar toothbrush in which the only difference is that it is made of wood.
@luism5514 4 жыл бұрын
You can make regulations safer, what you can't replace is the massive amounts of diplomatic and geopolitcal power being an energy exporter yields, not to mention the jobs and wealth it creates, which translates directly to tax revenue.
@sleeperface1754 4 жыл бұрын
YDT qeRo But at the cost of ruining people’s health and the health of our environment? I don’t see that as a good trade off.
@saxopio6280 4 жыл бұрын
Oh please, who makes up corporations? People. So PEOPLE are greedy.
@kassrripples3659 4 жыл бұрын
People around the globe... in the most unexpected places are being impacted by this pollution... Alaska, Solomon Islands, Madagascar... NZ ... what happens on one side of the globe impacts those on the other side of the globe
@jeffersonjean-baptiste4446 4 жыл бұрын
Fracking seems good to me as long it’s done right with preventing contamination.
@Pomiferous 4 жыл бұрын
Hold on there soldier.You are making an attempt at being reasonable.
@migs7220 4 жыл бұрын
Dang, that would be cool man but the methodology is what is so dangerous fracturing the ground is uncontrollable. Especially in a faulty region like Appalachia. A small fracking can quickly spread and release these toxins in places they are not harvesting. Then where does it go? Everywhere. Fracking is crazy dangerous. Flint Michigan is still suffering.
@Pomiferous 4 жыл бұрын
@@migs7220 Fracknation explained some of the hoaxes portrayed in GasLand.
@AChannelFrom2006 4 жыл бұрын
Companies who have their whole business idea centered around polluting the place do not care about contamination. It's the right winger way.
@migs7220 4 жыл бұрын
@@Pomiferous never seen it. I will check both out! The gas bubbling from lakes and crude oil coming out of the ground is very real.
@lombremic4840 4 жыл бұрын
Why is the focus on Pennsylvania when the majority of the wells are drilled in North Dakota and Texas
@PaulsWildLife 4 жыл бұрын
Exactly! The Bakken (and the 3 Forks formation underneath it) has way more oil and LNG deposits than the Marcellus
@tompeled6193 4 жыл бұрын
@John D You mean, "aren't funded by foreign countries' oil industries."
@moyo2850 4 жыл бұрын
Because Texas is already a desolate hellscape waist land.
@bobthedestroyer9207 4 жыл бұрын
They just picked a state.
@thesauceman8457 4 жыл бұрын
John D If your water supply and way of life were put at risk, would you still say that?
@davidreed6284 4 жыл бұрын
Carl Sagan said “We are like butterflies who flutter for a day and think it is forever.” Only some of us think a few days profit's worth a toxic legacy of who knows how much sickness...
@zaneal-amood5474 4 жыл бұрын
this may be the case now but have hope Because the day is soon approaching where the hydrogen full cell tec revolution will replace oil and gasoline in the energy industry
@zaneal-amood5474 4 жыл бұрын
www.iflscience.com/chemistry/nanocaege-that-split-water-seventeen-times-faster-might-be-hydrogens-big-bang/
@zaneal-amood5474 4 жыл бұрын
www.iflscience.com/chemistry/there-could-be-a-magnetic-solution-to-building-the-hydrogen-economy/
@zaneal-amood5474 4 жыл бұрын
www.iflscience.com/technology/membrane-technology-could-make-hydrogen-powered-cars-competitive/
@zaneal-amood5474 4 жыл бұрын
www.iflscience.com/technology/cheap-efficient-electrodes-open-path-hydrogen-fuel/
@trevor-indreklasn6596 4 жыл бұрын
NEVER, and I mean NEVER EVER, trust a freaking oil company.
@gatewaysolo104 4 жыл бұрын
Trust the government instead?
@howardkerr8174 4 жыл бұрын
It was never a goal of the US to be energy independent, if it was we wouldn't have politicians at all levels pushing fracking but instead pushing renewable energy and conservation. The goal was, and always will be to make the US a large scale energy exporter. We are already exporting natural gas to other countries as well as refined gasoline.
@excederal9092 4 жыл бұрын
Howard Kerr to be fair, we need to export more than we import in general, we spend more than we earn every year, we need to cut spending across the board from military and welfare
@glascoebowie9359 2 жыл бұрын
Get rich now cry later
@abelflores1593 2 жыл бұрын
Fracking is nasty! And it devastates the the land.
@orecreeper2128 2 жыл бұрын
And the US finally having more geopolitical and economic influence is a bad thing? Bruh. Look at China’s carbon footprint. Go whine about China first.
@abelflores1593 2 жыл бұрын
@@orecreeper2128 water's going to be the new gold
@PetePuebla 3 жыл бұрын
While fossil fuels might be cheap right now, we should focus on the future of energy.
@not-so-smartaleck8987 3 жыл бұрын
And the future of planet Earth, as to whether life can even be sustained on it much longer (think GLOBAL WARMING)
@canaldofred2366 3 жыл бұрын
Nuclear is the future.
@maybethisismarq 3 жыл бұрын
@@canaldofred2366 i would say yes it could be a good source of energy for the future. But the materials needed to power nuclear plants are finite just like fossil fuels. We also don’t really have a great way of disposing the waste.
@canaldofred2366 3 жыл бұрын
@@maybethisismarq yes, they will end someday, but will last for at least a couple thousand years. You see, every time uranium reserves decrease, uranium price increases, thus increasing the amount of economically viable reserves. The current 200 year supply estimates only take into account uranium that is economically viable nowadays. As technology progresses, extraction will get cheaper. And the nuclear wasted problem is mostly an overreaction. The waste can be just buried deep beneath mountains and left there. If a future civilization ever gets to the point of being able to discover the hidden material, then its fair to think that they know what is radiation and that it is better to leave it alone.
@kennethbower6040 3 жыл бұрын
Watch Michael Moore’s new movie please ..
@peterbruno657 3 жыл бұрын
I live in a rural community in northeast Pennsylvania. It has always been a poor area. Some stone quarries and that was about it. The gas industry came in and really changed things. There is alot of truck traffic and a few other inconveniences but there is also money here now. Landowners got paid, restaurants came in, it is easy to get a job. I got a job helping the gas companies and it was the easiest physically job I've had and the most money I every made. I got training to have a career, I bought a house, and I have a great life now. Before the gas discovery, I was a highschool dropout breaking my back in stone quarries. I'm very glad the gas companies came here. I'm just one guy though. I do feel for people that have actually been hurt. I have witnessed alot of frivolous lawsuits as well.
@kennethbower6040 3 жыл бұрын
Thank you for saying this neighbor I live in williamsport area !!
@devinsmilak1681 4 жыл бұрын
Only time will tell what price we will pay in the future.
@elmateo77 4 жыл бұрын
Actually there are plenty of studies that can already tell you what effects it will have, people just refuse to listen.
@jsmith355 4 жыл бұрын
.that doing from you prohibits which money for greed this is there then but ..... day one just in yourself inform could You
@elmateo77 4 жыл бұрын
@@jsmith355 I think your translator is broken...
@jsmith355 4 жыл бұрын
@@elmateo77 This is my phone. You must read backwards
@not-so-smartaleck8987 3 жыл бұрын
Within a generation or two, the price we will pay is catastrophic increases in global warming, which will make life unsustainable on planet Earth.
@SuperPlayz 4 жыл бұрын
CNBC is making high quality videos everyday
@user-gw3jk9wp2t 4 жыл бұрын
*inherits family farm passed down from generation to generation* *sells it to make a quick buck*
@TheBeatlesToday 4 жыл бұрын
Gmail Account They didn’t sell it. They’re leasing it. Which means they bear the burden of environmental impacts of the fracking.
@iLupi 4 жыл бұрын
Should they? Yes. Will they? No.
@thmonkeyking8169 4 жыл бұрын
I had the same thought 👍
@TomKaren94 4 жыл бұрын
8:00 - so the problem is not the fracking but the fracker.
@mikeytello2878 4 жыл бұрын
TomKaren94 I see a drill sight and they are talking about a frac job. Frac didn’t “break his house” the driller supposedly did. They are just blaming frac.
@not-so-smartaleck8987 3 жыл бұрын
No, fracking is part of the fossil-fuel industry, and reliance on fossil fuels results in excessive carbon emissions which leads to global warming, which is already occurring and will get much worse (resulting in life on Earth becoming unsustainable) if steps aren't taken NOW to eliminate the fossil-fuel industry/reliance on fossil fuels. In other words, fracking IS the problem. Open your eyes.
@canaldofred2366 3 жыл бұрын
@@not-so-smartaleck8987 if you are really worried about "global warming", then let companies extract natural gas by fracking, because natural gas emmits way less carbon than oil or coal.
@christopheredwards7588 4 жыл бұрын
Greed greed and more greed its thee American dream
@wormgutsbtw 4 жыл бұрын
I'm from Washington County. They ruined my fishing spot and my grandma's road crumbled and slid into the creek.
@metadataerror1 4 жыл бұрын
He could've moved $8 - $12 M buddy won the lottery
@s0vhjfe4SA08adc9js 4 жыл бұрын
The point was he never got even one million. He got a 12K signing bonus and then 500 a month and that's it. What they say to lure you in and what were in the contract are never the same thing.
@bilsid 3 жыл бұрын
well if was smart and industrious, he would not be needing to sit on his lazy back and collect money in the first place
@howardkerr8174 4 жыл бұрын
As a few of the examples here show, fracking was/is great for a farmer that was barely getting by, but my experience, from living in Pennsylvania, is that farms were lost (no longer producing) once the farmers made huge deals for mineral leases. On top of which, the state of Pennsylvania wasn't charging royalties for mineral extraction so all the damage to the environment fell on the average resident. Bad roads got worse, inadequate water treatment facilities were even more burdened. And now that all the wells are drilled and capped and pipelines laid, towns are becoming ghost towns thanks to the sudden economic contractions.
@StevenPhD4 4 жыл бұрын
5:52 LOL you know there is something fishy there when they aren't "comfortable" sharing that information
@Coolrunnings007 4 жыл бұрын
Wait you would be comfortable sharing how much you made on national television? How is that even remotely fishy. That’s just basic common sense.
@zacharyf.568 4 жыл бұрын
Cleary the US should ban fracking.its clearly terrible for the environment.
@stephendoherty8291 3 жыл бұрын
Can someone explain why oil fracking firms don't capture the energy from flaring and offset some of the energy used to run the drilling.
@evanbrown2594 3 жыл бұрын
There is a move to do that currently. The issue is storage of the natural gas until it is needed.
@cmdr1911 4 жыл бұрын
I deal with O&G every day. I grew up on the industry, I work in it now. There are few land owners like Bryan. Water pollution is not from drilling and fracking, it is caused by improperly handling waste water and injection wells. There is some air quality issues from flaring. The 600k the landowner wanted is not warranted. There is a payment to lease the mineral rights and an additional payment is made for the ground. They already paid him to build the pad. The 70 to repair the house is likely worth it. The whole argument isn't about fracking, his argument is about handling waste water and the company should be smacked. I have turned in clients to ODNR for environmental concerns. Companies need to be held accountable, I found drill mud in an impoundment that a contractor improperly disposed of. Regulations are far tighter than when this started and the whole process is much safer. But the industry out paced the government and there are a small percentage of sites and operators that would be best to be reclaim but by in large fracking does more good.
@not-so-smartaleck8987 3 жыл бұрын
The REAL argument is about fracking & the fossil-fuel industry--the world's reliance on fossil fuels is a (maybe THE) direct contributor to global warming, which if left unchecked will render planet Earth uninhabitable within a generation or two. (Try to explain that to your children and grandchildren.)
@user-ks5cg5cd7m 2 жыл бұрын
Wojtek, Yours is the only comment from someone who actually knows what he is talking about.
@NR-rv8rz 4 жыл бұрын
Crude oil, nuclear or even the industrial process needed to make wind turbines can all poison someone if they aren't done responsibly. Pointing out abuses in the fracking process and clear up process is not an indictment on fracking itself.
@gatewaysolo104 4 жыл бұрын
Finally a reasonable comment within a comments section full of hyperbole.
@SIMPLEHECHO 4 жыл бұрын
If land owners are getting paid millions, then they can certainly afford to move elsewhere. They’re not obligated to sign a contract.
@bschell1969 4 жыл бұрын
SIMPLEHECHO exactly! Not to mention being a couple fatasses definitely doesn’t affect their health right!? Lmao
@theodoricwijaya7283 4 жыл бұрын
yes, they could just simply move somewhere else and continue to lease the land to the company
@frankyflowers 4 жыл бұрын
he has buyers remorse since his land was bunk and didn't make much money compared to all his millionaire neighbors.
@frankyflowers 4 жыл бұрын
@@theodoricwijaya7283 he.only gets 500 a month in royalties. his land ended up being not worth much
@kathys1285 3 жыл бұрын
He should of called Erin Brockovich she went up to this kind of thing and bought down a billion dollar company for poisoning water in a small town and won they knew that the water was contaminated but tried to get the people to sell their homes and property because they knew it would get out and the tried to cover it up with lies it was based on a true story great movie too he should of seen it before signing anything
@0Turbox 4 жыл бұрын
Does that mean, if you own ground in the states, you can dump oil in your backyard?
@ytyehyeh 4 жыл бұрын
Being energy independent and exporting fossil fuel seem to be at odds long term unless either you expect to keep finding new supplies to extract (perhaps with new tech. beyond fracking), or you expect to have renewables production take over when fossil fuels do run out (or get depleted at a faster rate than nature produces more and the supply dwindles for very extended periods, requiring waiting for nature to catch up). Is it really necessary to export fossil fuels to keep the financial incentives for innovation going long term ? Or is it just for short term profit?
@Fillinyourname 4 жыл бұрын
Yes but you have to rely on Middle East for oil. Why would you want that. You should turn the money from fracking to invest in renewable and healthcare.
@Erosis 4 жыл бұрын
Ideally that's what you would do. Instead, US companies exploit poor farmers and take the vast majority of the wealth to expand their empire and give huge payouts to executives. It's the American way!
@270Winchester 4 жыл бұрын
All the Democrats want to buy billions of dollars worth of oil from country's that support terrorism.
@harrisonc985 4 жыл бұрын
Austin Anderson the majority of the fracking isnt on farmland though..... they just ise the pensylvania bit for their “polluted drinking water” propoganda bit.
@WhysafraidofCause 4 жыл бұрын
@@270Winchester it's Trump cozing up to the saudis
@hectorvega621 4 жыл бұрын
@@WhysafraidofCause Yep, and both Iran and Saudi Arabia support terrorists groups.
@knmfujiwara 4 жыл бұрын
Whatever is the point of money if you're dead? If your legacy, your lands are dead?
@abuferasabdullah 4 жыл бұрын
Love your report Tala, yet big companies will win
@deetlenroy 4 жыл бұрын
“I want a liter of cola!”-Rod Farva
@frankthespank 4 жыл бұрын
Deet Lenroy - .........you didn’t say car Ram-Rod!?
@LucasFernandez-fk8se 4 жыл бұрын
We shouldn’t ban it but we also shouldn’t export it. We should save it and hoard it for the future of America
@scubatips654 4 жыл бұрын
Nice idea... and we Canadians can hoard our oilsands... it would be great for both of our countries!
@not-so-smartaleck8987 3 жыл бұрын
That's stupid on both counts. SMH
@sp1nks248 4 жыл бұрын
No they should not
@troyadamson8618 4 жыл бұрын
What about the earthquake's fracking can cause? We had an earthquake here in KC a few years ago that originated in Oklahoma because of fracking.
@thegroovyheadhunter9047 4 жыл бұрын
The U.S. need more Fracking because in States like West Virginia and Pennsylvania they're making more jobs The only time I can see if they banned it if is losing money
@Diablo99V 4 жыл бұрын
At what cost? The stupid is strong in this argument.
@aycc-nbh7289 4 жыл бұрын
The Bird of Hermes But what you must understand is that those states’ economies rely on the fossil fuel sector. What alternative economy could there be for them?
@AKT0B0S 4 жыл бұрын
No. Fracking has been a blessing to the US. If you look at the facts then it’s clear why we should continue to frack.
@mkidd11 4 жыл бұрын
@I Am Inevitable "You are inevitably... an idiot" Do you have any idea how many people would die without natural gas production for energy? Starting with the elderly and children? Renewables are a wonderful goal...but right now. We are not there. I'll bet you're warm on cold nights...you're welcome.
@underconstruction6624 4 жыл бұрын
They should've just moved. Why not, after becoming millionaires?
@kassrripples3659 4 жыл бұрын
Great question
@elmateo77 4 жыл бұрын
Because they refuse to admit that it's poisoning the water supply. Otherwise they'd have to admit to themselves that they poisoned their friends and neighbors for a quick buck.
@TheBeatlesToday 4 жыл бұрын
Nutritional V because they own the land. They said in the video that they’re trying to get a buyout.
@underconstruction6624 4 жыл бұрын
@@TheBeatlesToday but couldn't they have still moved while they waited to sell the land? I thought they had made alot of money off that land initially.
@jackmartin2236 4 жыл бұрын
Who said they were millionaires? The video stated how much they were contracted
@lemmingsgopop 4 жыл бұрын
Concentrated benefits, diffuse harms.
@qwertyls8552 4 жыл бұрын
What music is playing at 3:53?
@Default_089 4 жыл бұрын
Fam MOVE! why are you still there?!? Waiting for these big corporations to get back to you. 🤦♂️ "I'm just waiting, I'm getting sick, so is my kid still waiting tho"
@williamthesling1201 4 жыл бұрын
If he got $8M+ why not just move and continue to get royalities off of the land? (or did I miss something?)
@forgiveness_denied 4 жыл бұрын
yes you do, he’s got farmers mind 😭👨🏻🌾
@RaeCarson 4 жыл бұрын
I'm not sure they properly explained it but from my understanding, he was to get $8M-$13M overall, as a grand total. He got that $25K signing bonus and was getting paid several hundred dollars per month for use of the well but that's about it. I'm not sure if he ever received millions or even hundreds of thousands of dollars.
@eyespyu9696 4 жыл бұрын
Come from the Biggest Oil producing county in my state. First you get upfront money then you get a much smaller monthly royalty payment. The contracts are very one sided and have a sliding scale. The oil co. Is always there because there are tanks on your farm holding oil for tankers to haul away. After you sell the Mineral rights the land isn't worth much because the next owner has to work around the oil co. The payments cover some of your expenses that's it. About a $1Billion worth of oil is produced here at WTI prices. No one got rich but that steady income helps in bad times.
@frankyflowers 4 жыл бұрын
you missed the math
@AleksandrStrizhevskiy 4 жыл бұрын
Yes, you missed the fact that he's a moron.
@donaldmcmillan7498 3 жыл бұрын
If they decide to ban Fracking will that ban extend to imports of both petroleum fuels and products made from Fracked petroleum.
@containedhurricane 4 жыл бұрын
Is there H2S gas in that area?
@diganta9399 4 жыл бұрын
Fracking is absolutely harmless. I frack two to three times almost every night. especially during winter
@samualcalnan2267 3 жыл бұрын
But Biden also said that he absolutely WOULD ban fracking. So did Harris. So how can you trust that he won't do it when they haven't made up their mind. And lets not act like just because Harris said they wouldn't during the debate that it means anything.
@clickfeedvideo2743 4 жыл бұрын
0:01 How many acres is that?
@rustyscrapper 4 жыл бұрын
A trash pump is not going to damage a foundation that far away. The pump would have to be discharging water right against the house to do that. Also, that water being pumped out was under the liner. That was ground water. It should of been tested first to make sure the liner didn't have any leaks through. That is a common thing that happens for sure. Hard to say if they did that, but if the water was clean ground or rain water in a lot of cases its ok to pump back on the ground.
@peterearl9595 4 жыл бұрын
Can we stop digging up more carbon and putting it in the air plz
@mho... 4 жыл бұрын
short answer,without discussion: YES stop fracking & invest in never non-oil technology!
@canaldofred2366 3 жыл бұрын
Real answer: YES keep fracking, to invest in natural gas instead of oil and coal.
@GrnXnham 4 жыл бұрын
At first I thought this was a Battlestar Galactica reference. I was going NOOOOOOOOOOOOOOOOOOOOOO!!!!!
@ivanbarbosa81 3 жыл бұрын
Great documentary.So what happens after 80 years when it's Over?
@TheLemonBird 4 жыл бұрын
invest in solar, wind and hydro so the us can sell energy without using up its resources
@mirzaahmed6589 4 жыл бұрын
Why? Natural gas is cheaper.
@vipulchaturvedi 4 жыл бұрын
Or just develop nuclear reactors
@thedamddino4893 4 жыл бұрын
Hydro, solar and wind isn't as reliable sources
@TheLemonBird 4 жыл бұрын
@@thedamddino4893 So going around finding oil and gas in the ground is reliable? No its just that we have more going up the is used which it flatening out the bumps. this is what we need for renewables.
@TheLemonBird 4 жыл бұрын
@@vipulchaturvediThis still relies on continuous mining for more consumable materials which cant be sustained. solar and wind are recyclable when end of service life is reached.
@superfinevids 4 жыл бұрын
Let's just stop using fossil fuels and then we won't have to worried about the price of oil.
@eromod 4 жыл бұрын
Exactly, let the consumers decide, not government.
@gatewaysolo104 4 жыл бұрын
You first. You will heat your house with...?
@leemacdonald6533 4 жыл бұрын
So you want people to stop driving, flying, using cosmetics, plastic products, phone's and computers, paints and adhesives, rubber, fertilizers, detergents the list goes on and on. Stop all oil production and within a month the world economy would collapse.
@eromod 4 жыл бұрын
@@leemacdonald6533 We need less government regulation and no more forced taxation. Taxation is extortion.
@kingww8261 3 жыл бұрын
Why is this an argument when we have the capacity and intelligence to implement multiple different sustainable energy sources?
@Pretermit_Sound 3 жыл бұрын
Because there’s a large segment of our population that is afraid of change, and don’t want to adapt. It’s not like all of this would happen overnight anyway, we would have to transition slowly. I don’t know 🤷♂️ It doesn’t even hardly pay to talk about it anymore, we’re so divided about every little thing in this country.
@not-so-smartaleck8987 3 жыл бұрын
@@Pretermit_Sound Frackers don't want to lose their jobs--but I would think some type of promise could be made to them that whatever energy industry springs up to replace the fracking industry (i.e., that provides "clean" energy which won't destroy the planet through catastrophic global warming, which is already happening due to fossil fuel emissions), they can be transitioned into comparable jobs in the new energy industry.
@Pretermit_Sound 3 жыл бұрын
@@not-so-smartaleck8987 I don’t want them to lose their jobs either (or anyone for that matter). I guess I didn’t mean for my comment to come across as hostile. They have every reason to be skeptical. There should be some kind of retraining provided, or at least be given preference in applying for new jobs. I don’t know what the answer is. I just wish the 2 “opposing side” could start a dialogue, and brainstorm some viable solutions.
@hymn6974 4 жыл бұрын
gotta keep the shelves stocked with tires and toothbrushes
@MotoAtheist 4 жыл бұрын
Said while on their electronic device.
@hymn6974 4 жыл бұрын
🚼📳✴️
@remyandreurne7661 4 жыл бұрын
Dont forget drinking straws
@jamiehorne6105 4 жыл бұрын
So what are toothbrushes n drinking straws made from again?
@joevsfood 4 жыл бұрын
Find a way to do it without the chems and we'll be okay.
@mipmip5759 4 жыл бұрын
These days the US is starting a war in the largest oil producing region and CNBC starts wondering if the US stops fracking lol
@jeremyreinhold3620 4 жыл бұрын
It's worse than that. China has 600 billion wrapped up in Iraq. What do you think they're going to do if we start a war again?
@josephsmith6777 3 жыл бұрын
Ppl dont know but the us milatary keeps a 10 yr suply also weve always had oil we just want to use every ones elses 1st
@rapidfiremuzik_official 4 жыл бұрын
16:20 "Get Up, Stand Up" - Bob Marley
@thatboydre8649 2 жыл бұрын
They shouldn’t fracking is actually more energy independent because of fracking. Fracking is actually release less Co2 than oil and coal. We need to make it more efficient and safer. Either way no matter what the US does it won’t matter because countries like India and China are building coal mines 4 coal mines a day
@Bakanelli 2 жыл бұрын
Nuclear energy plants
@treyb3693 4 жыл бұрын
As long as financial advisors invest in these companies while stockholders do not pay attention, they will continue to degrade the environment.
@LC-qi5ff 4 жыл бұрын
Right. We should boycott fossil fuel companies.
@joshn2342323 4 жыл бұрын
Most people these days invest in index funds so they don't even know what companies they're investing in. They just invest in every single company.
@bschell1969 4 жыл бұрын
They’re making a ton of money with or without investing
@OMGPainRipper Жыл бұрын
As they should. Green future is not good for the econonmy, nobody wants to talk about that
@bipultarafdar2582 4 жыл бұрын
why is he still living there?
@ohjinmyoung7350 4 жыл бұрын
in korea where i come from, there is a saying," if you want more than what private loaners charge, you deserve to be scammed."it means if you want easy money without hard or the risk involved with a heavy investment, you deserve to be scammed.
@hooverelondono9946 4 жыл бұрын
Tesla will get rid of this environmental nightmare !!
@harrisonc985 4 жыл бұрын
Hoover E Londono whaat is used to generate the power that charges the batteries genius?
@chickenfarmer296 4 жыл бұрын
Harrison C either renewables or fossil fuel power plants which are significantly more efficient then your car’s engine
@xJMC 4 жыл бұрын
@@harrisonc985 solar? Wind? Hydro? Nuclear?
@cmdr1911 4 жыл бұрын
Tesla is dependent on NGL. Oil and gas as a fuel will peak shortly. But the plastics is a different story.
@harrisonc985 4 жыл бұрын
luke schempf your telling me a tesla which on average adds an extra 6 houses to a grid per car annually is more efficient than a gas powered car?
@arindamkumar7725 4 жыл бұрын
Shouldn't have signed the bond with Chevron in the first place.
@Itsbuckjames 4 жыл бұрын
What happens after 80 years?
@chewbaca6971 4 жыл бұрын
we won't survive to see that long if we depend on oil and gas , global warming will take care of it.
@sunimoliyyankutty1649 4 жыл бұрын
If there's a surplus in supply, why are gas prices still relatively high?
@elmateo77 4 жыл бұрын
Because the supply is controlled by a few large corporations and they work together to create artificial scarcity in order to keep the price high.
@StampitisDP 4 жыл бұрын
Bryan, what happened to all the money they paid your family??🤔🤔
@TecHDynamic 4 жыл бұрын
Exactly what I was wondering lol
@shenghan9385 4 жыл бұрын
At least get a rain water tank.
@gabrieljean-batiste2006 4 жыл бұрын
Doesn't matter what he did with the money. His contract with Chevron didn't include damage to his house, water supply, or health problems.
@jamesbondo5895 4 жыл бұрын
@@gabrieljean-batiste2006 he shouldve left the second be saw his son getting sick. He is a moron
@timothycc711 4 жыл бұрын
He is spending it in Medical Bill's you idiot. In any case what is money gonna get you when your dying or dead?
@JamesD837c 4 жыл бұрын
I wonder if people mind paying 3x more for gas, 3x more to heat their home, and paying more for every product that uses energy to produce. Let's see CNBC take on that angle.
@oussama9183 4 жыл бұрын
oooor we could just take all the money we give as subsidies to these oil and gas compagnies to make our homes and transportations no longer oil dependant?
@gmarefan 4 жыл бұрын
@@oussama9183 would it be enough? Show me the numbers. We shouldn't subsidize fracking but don't ban it.
@JamesD837c 4 жыл бұрын
Eliminating subsidies will make gas/oil that much more expensive, though would save tax payers money. It is a trade off. Renewable energy is great, but it is still much more expensive than current fossil fuels. There will be massive economic impacts banning fracking that will hurt the middle class and poor.
@timothycc711 4 жыл бұрын
What you save in energy you pay on Medical Bill's. You are an idiot.
@joshn2342323 4 жыл бұрын
Most would be strongly opposed to it.
@carbonhide9720 3 жыл бұрын
Why didn’t they move with the money from the contract
@elmateo77 4 жыл бұрын
Surely we can find jobs for people that don't involve poisoning the rest of us...
@DennisHasselbainkfjkks8884e 4 жыл бұрын
Yes, the Dutch government banned it last year.
@bschell1969 4 жыл бұрын
Dennis Hasselbaink yeah it’s no big deal, let’s put hundreds of thousands out of work and onto the already overburdened tax coffers.
@SalivatingSteve 4 жыл бұрын
The man, the myth, the legend: John Smith!
@aycc-nbh7289 4 жыл бұрын
The problem with abandoning fracking is that the US would no longer have the world’s largest proven oil reserve and could no longer be a net energy exporter, meaning that gas prices would be more volatile and we could be more susceptible to an oil crisis like the one of 1979. Until we can reduce the amount of oil we use, it looks like fracking will need to stay if we want to maintain energy independence, but is there anything we can do to reduce incidents like these, such as only fracking far away from populated areas?
@sbollmeyer 4 жыл бұрын
Try to sell a piece of land without mineral rights that had active production and dirty wells. Don't forget to put it in your seller disclosure! It's worth 10 cents on the dollar.
@Victor-tl4dk 4 жыл бұрын
here's what we should do: place a tax on fossil fuels and use that to set up carbon capture facilities that can do the work of millions of trees, tax fracking like crazy, and invest in Nuclear. Problem Solved, but we have to act now.
@aycc-nbh7289 4 жыл бұрын
States already have gas taxes, but they are going to the transportation sector, which some states desperately need to keep funded. Are you suggesting an additional hike in gas taxes, out of curiosity? No offense, but said tax hike would likely raise costs of living for everyone, even those who don’t own cars, as their goods would become more expensive.
@gifud8225 3 жыл бұрын
Dude just become the president then
@not-so-smartaleck8987 3 жыл бұрын
I don't know about nuclear energy being a cure-all, but I agree with the rest of your comment.
@999bigsky 3 жыл бұрын
Nukes should have been dropped all over the Nevada, California, Utah, and Texas desert. It takes more people to maintain a nuke reactor after its build then it does to man an oil rig; more jobs with the nukes is my point. Lots of jobs to lay the cement and construct the nuke as well. Japan did fine even after one melted down right next to a major population center during the Tsunami of 2011. It wouldn’t be bad at all if one were to melt down in the middle of the desert.
@jeffreysavage1362 4 жыл бұрын
If you want to end fracking, go nuclear and electrify homes.
@iwiffitthitotonacc4673 4 жыл бұрын
Time is running out and idiots refuse to accept nuclear energy.
@pablomorales3506 3 жыл бұрын
What are we going to do with out fracking ????
@ChickensAndGardening 4 жыл бұрын
Why?
@AgentSmith911 4 жыл бұрын
It's only gonna be banned if it ever becomes too expensive to produce. So if the oil prices crash, production will crash.
@RandomGuy-nm6bm 4 жыл бұрын
But demand will rise if the price is low. On the other hand if the price is high. Demand will slow.
@RandomGuy-nm6bm 4 жыл бұрын
So realistically the oil price can never crash longterm
@Artist452 4 жыл бұрын
The environmental impact on people's land wouldn't be as bad if the companies doing the fracking did what they were supposed to do. That's what I see in this video.
@Peccs91 4 жыл бұрын
That is the exact problem. You find almost no instances where a company is performing the proper cleanup and reclamation work. Problem is, nobody thinks rationally. If it were as big of a problem as most people in the comments think it is, then everyone in western PA would be sick.
@eyeofthetiger7 4 жыл бұрын
So move with the money you made from it?
@ionpielaru4455 4 жыл бұрын
Fresh Water+Environment+People all together, will never be more important than Hydrocarbons. But unfortunately this situation will generate badly consequences!
@carlosbarragan6729 4 жыл бұрын
buy solar people. make your own POWER!!!!!!!!!!!!!!
@carlosbarragan6729 4 жыл бұрын
@Tied Noose greenhouse gas emmissions is the main concern atm. what do you propose?
@goodnight8169 4 жыл бұрын
It seems to me the contamination isn't cause by fracking it self but by poor waste management.
@paulphillips8855 2 жыл бұрын
It's both, the chemicals used seep into the water table poisoning it pretty much forever
@newmanattack 5 ай бұрын
@@paulphillips8855I haul the "chemicals". They're dish soap and vinegar.
@brandonmcdaniel7617 4 жыл бұрын
I work for a chemical company that makes the stuff for fracking. That chemicals they use is just nasty and you dont want that stuff in the ground. A lot of it was dangerous to aquatics.
@howarddennee576 4 жыл бұрын
Terrry Pegula buffalo bills owner does this in pennsyvania