EPA Science Advisory Board Engaging in Fraud re Fracking Study
Last December we asked a very important question: Will EPA Whore Itself to Antis and Change Fracking Water Study?. We now know the answer: Yes. The EPA is engaging in political prostitution, having sold itself to the Democrat kook left fringe base of the party. As we stated in December, the one great, huge, towering problem that anti-drillers have is that there is no scientific evidence that supports their wild claims that fracking contaminates water–which is their favorite lie to spread. When the Environmental Protection Agency arrived at the same conclusion, that fracking doesn’t pollute water, after four years of studying it, that really took the wind out of the sails of rabid fossil fuel haters (see EPA Draft Report Says Fracking Doesn’t Pollute Groundwater Supplies). So now the EPA has set about to “fix” it by changing the results of their original findings. It’s like the experiments you used to do in chemistry lab in high school. You add 5 grams of chemical compound A to 10 grams of chemical compound B and the observable result should be that the new mixture/compound turns blue. But for whatever reason it turns orange. So on your lab paper you record the result as (yes) turning blue! You receive a “100” on your lab report. The EPA, using a small group of bought-and-paid-for “scientists” called the Science Advisory Board is reviewing the earlier finding that took the EPA four years of research to produce–so the EPA has cover to say “it’s blue” and not orange. That’s what is now happening. It’s called scientific fraud…
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Cabot Oil & Gas, one of the premier drillers in the Marcellus Shale (operates totally within Susquehanna County, PA) released their fourth quarter and full year 2015 operational update this morning. The highlights: Cabot ended up spending $774 million on capital expenditures (mostly drilling) in 2015, down a bit from the previous estimate of $850 million. It’s down because they scaled back activity during 4Q15. They also had to write down the value for some of their non-core holdings by $73 million–what’s called an impairment charge. Looking ahead, Cabot plans to spend $615 million on capital expenditures (i.e. drilling) in 2016, which is down 58% from 2015. They will drill approximately 30 new wells, 25 of them in the Marcellus and 5 in the Texas Eagle Ford Shale. Here’s the update…