• 4 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 9 minutes Could Venezuela become a net oil importer?
  • 15 minutes Oil prices going Up? NO!
  • 23 mins The Tony Seba report
  • 1 hour Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 15 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 4 mins Harley-Davidson "Made in EU"
  • 2 mins Could Venezuela become a net oil importer?
  • 11 hours Kenya Eyes 200+ Oil Wells
  • 11 hours Are Electric Vehicles Really Better For The Environment?
  • 1 hour Erdogan After Erdogan: New Presidential Mandate After Yesterday's Elections
  • 5 hours LNG Shortage on the Way
  • 46 mins The U.S. Will Soon Give North Korea a Timeline of 'Specific Asks
  • 24 hours Oil prices going Up? NO!
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 20 hours Saudi Arabia turns to solar
  • 2 days Oil prices going down
  • 3 hours Sell out now or hold on?
  • 11 hours OPEC soap opera daily update
Is This The Biggest Fintech Opportunity Of 2018?

Is This The Biggest Fintech Opportunity Of 2018?

The global remittance market is…

OPEC Edges Closer To Production Agreement

OPEC Edges Closer To Production Agreement

A successful OPEC agreement in…

Gubernatorial Hopeful Ohio Vows To Ban All Oil & Gas Drilling

Kucinich

Ohio Democratic gubernatorial candidate Dennis Kucinich—a vocal opponent of fracking—vows to ban all oil and gas drilling in the state, if elected, and even take the industry to court in a class-action lawsuit.

Kucinich, a former mayor of Cleveland and former Ohio Congressman, is running in the primaries on May 8. In a poll from end-January, in the crowded Democratic Party field, Kucinich had 16 percent support, behind the leading candidate of the Democrats, Richard Cordray, with 23 percent support.

“Fresh water and clean water are not negotiable issues,” Kucinich told The Intercept, pointing to water contamination associated with oil and gas drilling. “They’re not negotiable.”

While Kucinich is campaigning to ban all oil and gas drilling in Ohio, the other Democratic candidates don’t support either idea for a ban or the class action lawsuit.

“Those who have poisoned Ohio’s people and their land will be made to pay,” Kucinich has recently said.

“No longer will the industry be able to hide behind the false label of ‘proprietary’ to experiment with toxic chemicals and biocides and use them without traceability and responsibility for the health and environmental impacts on the State of Ohio. No longer will we be lied to and used by these interests,” Kucinich says, and proposes to use the eminent domain to seize control of oil and gas wells in Ohio and shut them down. Kucinich also vows to block all drilling permits and totally ban injection wells.

Another proposal of Kucinich’s is to subsidize health screens for people living near fracking sites and use the data to file a class action lawsuit similar to the lawsuit against Big Tobacco in the 1990s.

Related: S&P Global Platts Launches Oil Trading Game

“For being the person who touts himself as the candidate for the average guy, he sure is anti-worker and anti-union,” Mike Chadsey, a spokesman for the Ohio Oil and Gas Association, said. “These bold and unrealistic statements show how desperate his hopeless campaign is,” Chadsey added.

According to the Global Energy Institute at the U.S. Chamber of Commerce, Ohio would lose 397,000 jobs, $33 billion in annual GDP, and households would lose $3,956 per household, if fracking is banned.

The Utica Shale has contributed to the rapid increase in natural gas production in Ohio, which was nearly 19 times higher in 2016 than in 2011, according to the EIA. The combined share of Ohio, Pennsylvania, and West Virginia natural gas production of total U.S. natural gas production jumped to 27 percent last October, up from just 2 percent in 2008, the EIA says.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News