Suzuki: “Trading water for fuel is fracking crazy”

This is an issue I have been worrying about for a long time. You would think it is extremely obvious and yet common sense remains the rarest of all commodities it seems.

“It would be difficult to live without oil and gas. But it would be impossible to live without water. Yet, in our mad rush to extract and sell every drop of gas and oil as quickly as possible, we’re trading precious water for fossil fuels.

A recent report, “Hydraulic Fracturing and Water Stress”, shows the severity of the problem. Alberta and B.C. are among eight North American regions examined in the study by Ceres, a U.S.-based nonprofit advocating for sustainability leadership.

One of the most disturbing findings is that hydraulic fracturing, or fracking, is using enormous amounts of water in areas that can scarcely afford it. The report notes that close to half the oil and gas wells recently fracked in the U.S. “‘are in regions with high or extremely high water stress’ and more than 55 per cent are in areas experiencing drought. In Colorado and California, almost all wells — 97 and 96 per cent, respectively — are in regions with high or extremely high water stress, meaning more than 80 per cent of available surface and groundwater has already been allocated for municipalities, industry and agriculture. A quarter of Alberta wells are in areas with medium to high water stress…”
See: Trading water for fuel is fracking crazy.

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Davidowitz: consumer in the “crapper”, “nothing to do with weather”

You gotta love Howard’s candor…

Howard Davidowitz, chairman & founder at Davidowitz & Associates, discusses his expectations for the upcoming retail earnings season.  Here is a direct video link.

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S&P 500 bird’s eye view

S&P Feb 24 2014

Lose money now cartoon

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