SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: tejek4/22/2015 11:41:58 PM
   of 1578066
 
* Oklahoma: "Abandoning years of official skepticism, Oklahoma's government on Tuesday embraced a scientific consensus that earthquakes rocking the state are largely caused by the underground disposal of billions of barrels of wastewater from oil and gas wells."

As recently as last fall, Gov. Mary Fallin, a Republican, indicated that suggestions of a relationship between oil and gas activity and seismicity were speculation, and that more study was needed.

In a news release issued Tuesday, Ms. Fallin called the Geological Survey’s endorsement of that relationship significant, and said the state was dealing with the problem.

“Oklahoma state agencies already are taking action to address this issue and protect homeowners,” she said in a statement.
Ms. Fallin has also approved a directive from state regulators that Oklahoma insurance agents take courses in earthquake coverage. But few residents had coverage before the quakes began escalating in 2010, and policies have become increasingly restrictive as the pace of tremors has quickened. Some homeowners with significant damage have filed lawsuits seeking to recover repair costs from oil and gas operators.

In past decades, Oklahomans experienced only about one and a half earthquakes exceeding magnitude 3.0 in an average year. But since a boom in oil and gas exploration began in the mid-2000s, that number has mushroomed. The state recorded 585 quakes of 3.0 or greater last year, more than any state except Alaska, and is on course to register more than 900 such tremors this year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext