Snake Oil: How Fracking's False Promise of Plenty Imperils Our Future
The rapid spread of hydraulic fracturing ("fracking") has temporarily boosted US natural gas and oil production... and sparked a massive environmental backlash in communities across the country. The fossil fuel industry is trying to sell fracking as the biggest energy development of the century, with slick promises of American energy independence and benefits to local economies.
SNAKE OIL casts a critical eye on the oil-industry hype that has hijacked America's energy conversation. This is the first book to look at fracking from both economic and environmental perspectives, informed by the most thorough analysis of shale gas and oil drilling data ever undertaken. Is fracking the miracle cure-all to our energy ills, or a costly distraction from the necessary work of reducing our fossil fuel dependence?
Those who think fracked gas is a panacea for our energy future would do well to read this cautionary account--it has an undeniable whiff of reality about it.
We are already living with the false promise that fracking would not harm the environment. Now read the facts about the false promise that it will provide an energy-secure future and lots of jobs. Snake Oil debunks all the myths. It is a must-read for our elected leaders.
-- Maude Barlow, Board Chair of Food & Water Watch and author of Blue Covenant
Unconventional production from shales has been hyped mercilessly by the oil and gas industry. Richard Heinberg does an outstanding job of purging the myths and bringing sensibility to a dialogue which, unfortunately, has been driven by a brand of thinking on the part of energy producers that closely mimics the mentality of Wall Street.
— Deborah Rogers, founder of Energy Policy Forum, former Wall Street financial analyst
Snake Oil exposes the unsustainable economics behind the so-called fracking boom, giving the lie to industry claims that natural gas will bring great economic benefits and long-term energy security to the United States. In clear, hard-hitting language, Heinberg reveals that communities where fracking has taken place are actually being hurt economically. For those who want to know the truth about why natural gas is a gangplank, not a bridge, Snake Oil is a must-read.
-- Michael Brune, Executive Director of the Sierra Club and author of Coming Clean