Prof. Jim Jackson – Fracking Pros and Cons

Posted on Sunday, January 4, 2015

January 5th. 2015

Join us for another fun and enlightening meeting at where we’ll network, enjoy some food and hear from Prof. Jim Jackson

5:30 – 6:00 – Happy Hour with food and beverages
6:00 – 6:30 – Club Business and Announcements
6:30 – 7:00 – Prof. Jim Jackson

Friends, family and co-workers are invited. First time guests are always free, each additional visit is $10.

TOPIC: A short introduction to shale gas and oil in the US

SUMMARY: Both gas and oil production increased dramatically in the US during the past half dozen years. This is due to higher commodity prices that made new production techniques economically viable for the first time. Production from shales also led to a better understanding of these previously neglected rocks. Hydrocarbon production entails environmental risks, which have come to public attention with the increased production.Increased US gas production has benefited the US chemical industry at the expense non-US companies. US electricity generation has also benefited by substituting natural gas for coal. The recent decline in the price of natural gas and crude oil poses financial problems for the shale gas and shale oil producers. It also poses policy problems for both local and national politicians.

BA Reed College, MS Portland State University. After a 20+ year career with Atlantic Richfield Company, I moved to Portland where I have consulted to industry and government, and have taught as an adjunct at PSU for 15 years.