Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

Drillers Pay Hush Money to Keep Their Fracking Toxic Secrets

Commodities / Natural Gas Jun 12, 2013 - 06:44 PM GMT

By: Money_Morning

Commodities

Tara Clarke writes: Hydraulic fracturing, or fracking, the art of separating oil from rock, has the potential of turning America into the world's top oil and natural gas producer.

But as with any bonanza it has some secrets oil and gas companies want to keep under wraps. And some companies are willing to put some big bucks behind that.


The industry has injected possibly carcinogenic chemical cocktails underground in more than 150,000 of wells during the fracking process.

U.S. companies have driven more than 30 trillion gallons of fracking liquid underground in the past several decades.

But not to worry: the U.S. Environmental Protection Agency is monitoring the situation! It is solely charged with conducting long-term studies of the potential impact of fracking on water.

Feel safe?

It recently surfaced that the EPA keeps super-secret email accounts. In addition, we now know the EPA has shady ties with the vocally pro-fracking Obama administration.

Consider how the IRS has been operating under Obama.

I'd say the odds are prettttty good that the EPA hasn't been doing a whole lot of "objective research" on the environmental effects of fracking.

You might comfort yourself with the thought that there's nothing in the news about people being harmed by fracking chemicals. No real data is coming out showing that fracking taints our water.

Well, as it turns out, across the country drillers are paying hundreds of thousands of dollars in cash settlements to silence people who say that fracking ruined their water.

In return for the hush money, they must sign non-disclosure agreements.

"At this point they [the companies] feel they can get out of this litigation relatively cheaply," said Marc Bern, an attorney with Napoli Bern Ripka Sholnik LLP in New York, who has negotiated about 30 settlements on behalf of homeowners, in an interview for Bloomberg. "Virtually on all of our settlements where they paid money they have requested and demanded that there be confidentiality."

This strategy keeps real fracking data out of the public's reach.

With no public court hearings, and no Average Joe on local news channels talking about how he can light his drinking water on fire, it's very difficult to challenge policymakers' claims that fracking doesn't cause ill-effects.

But a telling court case was recently unsealed.

In the case, private Pennsylvania citizens Stephanie and Chris Hallowich accuse fracking companies with ruining their drinking water and causing them to suffer from chronic health issues, including headaches, inflamed eyes and sore throats.

The Hallowich case was originally settled and sealed from the public with the same non-disclosure and payoff tactics I described above; defendant drillers paid the Hallowiches $750,000 in settlement in exchange for their silence.

But recent media demands caused a Pennsylvania judge to reexamine whether the case should be sealed.

The media requested that Hallowich be made public because the press has a common-law rule of access to the courts. On the other hand, the drillers argued that unsealing the case would violate their businesses' constitutional right of privacy.

Ultimately, the drillers were unable to demonstrate that opening the Hallowich case would cause harm to their trade secrets, to the privacy and reputation of innocent parties, to national security interests, or to the fairness of a trial.

The Hallowich case gives us a rare glimpse of the negative effects fracking can have on our water that drillers don't want anyone to know about.

We also get to see, first-hand, how this hush money formula typically works.

With so many settlements being reached to silence property owners across the U.S., clearly fracking must cause some ill-effects. More transparent studies should be undertaken. And not by the EPA.

Fracking is in our national interest. More domestic oil means less dollars flowing overseas to enrich potentates. But the more we know about it, the safer we can make it. Paying hush money doesn't help.

Source :http://moneymorning.com/2013/06/10/drillers-pay-hush-money-to-keep-their-fracking-secrets/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Meremortal
13 Jun 13, 00:34
Fracking Garbage

Not one source of actual harm to water or people included in the article.

I wonder why.

The Democrat Governor of Colorado drank fracking fluid at a meeting about it. That's how dangerous it is. He's still in office, didn't die from drinking it straight.

"Possible carcinogenic cocktails" Oh? WHAT possible carcinogenic coctails, NAME them. You can't because you are making it up.

Wild claims, no evidence. It is the same with all arguments against fracking. Hundreds of gallons of fracking fluid was spilled near Parachute, Colorado last year. It froze into a waterfall and was there for the taking for weeks.

What evil things were in the fracking fluid? No one seems to know, even though anyone could have sampled and analyzed the "secret" liquid.

Wild claims, no evidence. Over one million wells fracked with no harm done.

If you've got evidence, let's see the cases.

The EPA has filed 3 lawsuits against fracking companies, and all were thrown out without getting to court because during discovery it was discovered there is NO evidence of harm.

The real question is: What is the hidden agenda of the lying anti-frackers?


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules