The US is producing more oil than any country ever has, despite pledging to reduce emissions. The promise is that this new oil boom will bring much-needed jobs and cheaper fuel. But for everyday people, the boom has limited benefits and comes with dire consequences.
#PlanetA #oilboom #usa
We're destroying our environment at an alarming rate. But it doesn't need to be this way. Planet A explores the shift towards an eco-friendly world — and challenges our ideas about what dealing with climate change means. We look at the big and the small: What we can do and how the system needs to change. Every Friday we'll take a truly global look at how to get us out of this mess.
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Reporter: Amanda Coulson-Drasner
Camera: Ryan Dowling
Video Editor: Amanda Coulson-Drasner
Supervising Editors: Joanna Gottschalk, Michael Trobridge, Kiyo Dörrer
Background interviewees:
Dr. Michael E. Webber: Sid Richardson Chair in Public Affairs, University of Texas at Austin
Baird Langenbrunner: Research Analyst, Global Energy Monitor
Read More:
Oil price volatility: https://www.eia.gov/energyexplained/oil-and-petroleum-products/prices-and-outlook.php
Oil market report 2023: https://www.iea.org/reports/oil-market-report-december-2023
Texas energy profile: https://www.eia.gov/state/print.php?sid=TX
Induced earthquakes: https://www.usgs.gov/programs/earthquake-hazards/science/induced-earthquakes
Texas net-zero by 2050: https://cockrell.utexas.edu/images/pdfs/UT_Texas_Net_Zero_by_2050_April2022_Full_Report.pdf
Renewable energy jobs: https://www.energy.gov/articles/doe-report-shows-clean-energy-jobs-grew-more-twice-rate-overall-us-employment
Chapters:
00:00 Intro
01:10 Oil in Texas
02:40 How to oil
03:21 Jobs
05:59 Energy Independence
06:41 Cost
07:36 What are orphaned wells?
09:12 Cost of orphaned wells
12:56 Conclusion