Monday, November 29, 2010

All roads made of shale

My internal stream of consciousness, which is even more random than my public stream of consciousness, is tying together some random newsoids of late on Marcellus Shale.

First, if you accept the source as one that is unpersuedably anti-drilling , nonetheless some great photos of new Marcellus Shale drilling activity from the folks at the Allegheny Front  Defense Project.  (see note*)

They focused on some pictures of an Atlas Energy pad there in the forest.  Atlas, as the expanding ranks of neo-shalologists know, has been bought out by Chevron (nee Gulf).  So this financial blog post has been making the rounds: Fighting Over Rocks: Shale, Chevron and the Versailles of Natural Gas Fields

Chevron has taken over the role of Atlas in a joint venture Atlas had partnering with India's Reliance Industries which makes it one of the bigger players in the vast Marcellus play.  Reliance's owner and CEO is making news for his housewarming party this weekend

It really is just a fascinating thought to consider if you went back in time and asked any of the local coal barons of a century ago and told them in the future they would be seeking, if not desperately needing, financial capital from Bombay...  what would they say?  They probably would not have been able to process the concept at all, let alone identify where Bombay was.  The world, and mountaintops, get flatter every day.

* NOTE:  I am told that I mislabeled as Allegheny Front what is clearly from the Allegheny Defense Project, two organizations which share no more than part of their monikers.  Apologies.

2 Comments:

Blogger Jennifer Szweda Jordan said...

Hello, I'm writing to correct an error in this post. It cites The Allegheny Front as a source for drilling photos. I'm host/managing editor of The Allegheny Front environmental radio program, and the photos you cite, and link to, are clearly from the Allegheny Defense Project.
Best,
Jennifer Szweda Jordan

Tuesday, November 30, 2010 11:08:00 AM  
Anonymous MH said...

Like the Judean People's Front and the People's Front of Judea, outsiders are often confused.

Tuesday, November 30, 2010 3:14:00 PM  

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