11/12/2022 0 Comments Fracked csi![]() ![]() The best-case scenario for the oil industry could be the reelection of President Donald Trump, a climate skeptic who has actively supported the fossil fuel industry by slashing environmental regulations and promoting energy exports.ĭemocrats have taken a much more skeptical approach towards Big Oil than Trump as they pledge to tackle climate change. We cannot wait,” Warren wrote in a Medium post last month. “Taking bold action to confront the climate crisis is as important - and as urgent - as anything else the next president will face. But the candidate has defended her aggressive stance by arguing the world doesn’t have the luxury of playing it safe. The firm said it would be “very bearish” for a wide range of oil companies, including drillers such as Pioneer Natural Resources (PXD), oilfield service firms and even integrated companies like ExxonMobil (XOM) and Chevron (CVX). “We think the greatest risk to energy companies would occur if Democratic candidate Elizabeth Warren wins,” RBC Capital Markets wrote in a report published on Monday. Wall Street analysts are already warning shareholders about the potential hit to the share prices of oil companies, which remain widely held in portfolios despite the climate crisis. “There is palpable concern in the oil and gas industry.” ![]() “It would vaporize the oil and gas boom in the United States,” said Bob McNally, president of Rapidan Energy Group, a consulting firm that advises energy companies and investors. Although an outright fracking ban seems unlikely to get through Congress and the courts, such a move would halt America’s historic shale oil boom in its tracks, drive up gasoline prices, threaten good-paying jobs and make the nation more dependent on foreign oil. ![]() Warren’s aggressive plan for fighting the climate crisis could have profound consequences for the oil and gas industry. We’d be heading back to triple-digit prices very fast.” It would be wildly bullish for crude oil prices. Both steps go further than her main rival, former Vice President Joe Biden. Warren, currently the odds-on favorite to be the Democratic presidential nominee, wants to ban fracking “everywhere.” And the Massachusetts senator pledged to immediately sign an executive order to stop all new offshore drilling leases. Her rising 2020 polling numbers are also striking fear in the heart of Big Oil. Updated 11:47 AM ET, Thu October 17, 2019Įlizabeth Warren doesn’t just pose a threat to Wall Street. #FRACKED CSI FREE#“If CSI finds at least 15 area residents to use its testing services, it will provide a 16th set of tests, free of charge, on a stream or lake decided by the community, by vote at the Callicoon and Jeffersonville farmers’ markets.How Elizabeth Warren could ‘vaporize’ America’s oil boom It costs $680 for the independent testing (as opposed to getting your water tested by the gas companies themselves, which they’ll gladly pay for), but it might be worth it, should you find your property values affected in the aftermath of fracking. We bumped into them at the Callicoon Farmers’ Market this weekend, which is one place you can find more info about them. The Community Science Foundation, an upstate New York-based non-profit, will test your water for you, then “create a public database reporting test results for area water supplies, providing a baseline measurement that could be used in the case that fracking activities are conducted in the future to help diagnose contamination,” according to their press release. ![]() Whether your town has a ban on fracking or not, and whether or not you sign away your mineral rights, it’s a good idea to get your water tested before any gas drilling begins - that way you’ll know if there’s been a change to your groundwater. ![]()
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