03/06/17 City Council Agenda Packet

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WF? HAT THE RACK Scraping the Bottom of the Barrel is Not Good to the Last Drop production, with enormous implications for social US natural gas peaked 1973, Exaggerated estimates: cohesion as it declines. Two of the three top declined sharply since 2000, fracked oil in California fracked gas regions have peaked, due to depletion. Fracking for gas and oil delayed rationing. fracked gas peaking nowdownsized more than 99% Without fracking, Obama would only have lasted Fracking is not only toxic, it also has been CaliforniaÈs oil industry claims fracking in the one term, since most voters do not like the exaggerated in the resource size.ÅMonterey ShaleÆ could extract 15 billion barrels, consequences of economic contraction. Conventional ÅnaturalÆ gas extraction peaked in two years of US combustion. This could pose As depletion becomes more obvious, the the US in 1973. The sharp decline of nat. gas since severe threats to water quality in drought zones, but economic impacts are likely to be extremely 2000 is the reason for the shale gas fracking boom. the other half of the story is the oil is not there. profound. Our society is completely unprepared for Fracked gas keeps cold cities heated in the winter Post Carbon Institute looked at the geological the downslope in terms of logistics or psychology. and now runs a major part of the electric grids.evidence, documenting that these estimates were Fracking should be banned but this would In 2014, fracked gas surpassed conventional wildly exaggerated. details: PostCarbon.org have an enormous cost, which is why a ban gas. But fracked gas is either near or at its peak In 2014, the Energy Information Administration probably wonÈt happen before depletion. conceded the estimates were bogus and downsized estimates to 600 million barrels. In 2015, the US Geological Survey further downsized the estimate to 21 million barrels, less than one percent of the original claim. Fracking was a boom and bust. Monterey Shale chart of fracked oil details: www.PeakChoice.org/peak-frack.html estimates from PostCarbon.org conventional nat. gas peaked 1973 A A 4 4 4 4 4 4 4 4 4 4 4 4 4 4 A 4 4 4 4 4 4 4 4 4 44 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4