Eco-Friendly Investments

penny stocks

‘Don Quixote’ highlights the travails of our hero and his sidekick, Sancho Panza. Fighting ancient battles, lovelorn in the saddle, ultimately hopeless as the future strides over him, he is the first existential hero. Modern life tramples his every intention, yet he struggles on, jousting with windmills.

Today’s battles over California frac regulations remind us of our knight’s troubles. While legislators and environmentalists wail over water, air and windmills, the modern world moves on.

The EPA has spent millions to find no incidence of ground water contamination resulting from hydraulic fracturing in Dimock, PA., Wyoming or Colorado. It has postponed methane recapture rules for 2019 as they realize that less than 1% of methane escapes from the wellhead – not the 6%+ they imagined. Chemicals used downhole are common to every household: from chewing gum to ice cream, makeup to lip balm.

The December IHS report shows California the beneficiary of fracing: 97,000 jobs and $1.6B in taxes.

Energy costs for low income families have declined nationwide, allowing more precious take home pay for necessities like education and health care. The average American family had $1,200 more income for 2012 because of fracing.

Cutting edge environmental science happens every day in the labs and fields of Halliburton, Schlumberger and Baker Hughes.

Greenhouse gas emissions are at their lowest point since 1994 and dropping fast – because of the substitution of fraced natural gas for coal in power generation.

Frac work is done entirely by independent drilling firms – the major oil companies admit they just don’t get fracing. This is a classic tale of hard work, good pay and American values.

Ms. Pavley’s bill is the last standing of 14 submitted in January. A pity it offers no respite to the 6M birds killed annually by California wind farms.