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Bryce_in_TX

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  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    "I talk with people out here wondering how in the world you put up with tornadoes, and why would earthquakes of that magnitude be a problem."

    With tornadoes, we are talking about something created by nature. Scientists don't believe that is the case with most of the quakes. So, it makes sense to control what you can control. Also, with doppler radar, a person has at least 15 or 20 minutes to protect themselves, and usually 24 or more hours with weather forecasts of today. With an earthquake, do you know when and where it will strike, and do you have any time to protect yourself? I'll take my chances with a twister any day, versus a quake. I've lived in tornado alley, 63 out of 65 years of my life. I have actually seen and felt one twister. You are well protected from harm with a storm shelter built under ground and its inexpensive in relation to the overall price of a home.

    The quakes are viewed as a problem because (1) some, 4 in the past 30 days, have been 4.0 or greater, (2) prior to 2008 less than two magnitude 3.0 or greater quakes occurred each year, now it is two a day, (3) in 2011 there was a 5.6 magnitude quake that injured two and damaged 200 buildings in Prague, OK. Had that occurred in Oklahoma City, it probably would have been much worse, (4) Oklahoma has been slower than Arkansas, Ohio, or Colorado to respond to the increase in the seismicity, (5) the oil and gas industry is downplaying the risk and is still trying to deny they are responsible.

    What will be the response if a 6.0 or greater hits Oklahoma City, with loss of life, as well as significant property damage? Will the oil and gas industry seek to dodge that responsibility? What will you or they say if that should occur? What will be the media response in such an event? How will the nation view it?

    Take the blinders off and look at the situation objectively. What if you had young children in possible harm's way. Would you wait until a major catastrophe to try and do something about it, when it is believed to be man made and there may be something that can actually be done about it?

    As for accurate information, that generally occurs AFTER a disaster, not before. I'm not talking about panicking, but taking proactive steps to stop the quakes, to include stopping disposal of quake triggering amounts of water on or near fault lines that have been reactivated. Dispose of it some other way.

    In 2014, Oklahoma had three times the number of quakes as California. Three times as many.
    Jun 29, 2015. 10:12 PM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Craig Cooper,

    And if there is a magnitude 5 or greater in the next year, I will be revisiting your statements.

    When it comes to oil/gas companies doing the right thing and the government doing the right thing, you do understand why I am skeptical, I assume.
    Jun 29, 2015. 07:51 PM | Likes Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    Well, Kirby, are you buying more on the dip? The yield is now in excess of 13%.
    Jun 29, 2015. 07:02 PM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    D. Rockefeller,

    Is your post serious or sarcastic?

    Money overcomes a ton of objections? Even at the risk of lives lost? In Mother Russia, yes, here in the states, no.

    Tornados are not man made. The evidence points to the probability that the quakes are man made, meaning we may be able to control them. The fuss is about controlling what we can to prevent loss of life and property.

    I served 4 years in R.O.T.C. (with honors) and two years in the military. I knew the day I signed a contract (1971) that my life could be on the line. Everyone that serves today is a volunteer. They understand the same. Don't lecture me about the military. Did you serve?

    A "few" earthquakes? LOL
    Jun 29, 2015. 06:55 PM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Craig Cooper,

    "The second conclusion statement says that even though overall seismicity will increase there will not be a commensurate increase in large-magnitude earthquakes. As stated above, I personally believe that the likelihood of occurrence of large-magnitude quakes will decrease."

    Here is more up to date info than what I initially presented that supports what I am saying:

    "Drawing from the analysis presented in this study, we identified several factors that signify the potential for larger and more damaging earthquakes to occur in the future. Key findings include the following: (1) the majority of the faults in the region are favorably oriented relative to the regional compressive stress field (N85E) and thus susceptible to rupture; (2) earthquakes are shallow and primarily constrained to the upper portion of the crystalline basement (less than 6 km depth); (3) a substantial number of faults are relatively long (up to 10 km), and (4) in a few cases, earthquakes are occurring on well-known, subsurface faults that have the potential to produce larger earthquakes. Together these findings indicate an increased level of potential earthquake hazard in central Oklahoma."

    http://tinyurl.com/ow4...

    http://tinyurl.com/pf8...

    Published 4-23-2015. I stand by what I have said. The warning published in 2014 is still applicable. Nothing has changed, unless it has gotten worse. Mark_A doesn't know what he us talking about.

    FWIW, I have been following this via Oklahoma public tv for a year now.
    Jun 29, 2015. 06:29 PM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    To make fun of such a serious issue is beyond my comprehension. IT seems obvious you don't care about Oklahomans are the real cause of the quakes.
    Jun 28, 2015. 09:42 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    I'm out. Believe what you will. It doesn't change the facts, and there will be more regulation of disposal of waster water, no matter what you think.
    Jun 28, 2015. 08:55 AM | 1 Like Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @macombet,

    "The last three years we have seen a large increase of volcanoes and earth quakes."

    To quote you seems applicable here:
    "Sounds like a bunch of crazy people trying to use maybes of information to justify there information."
    Jun 28, 2015. 08:52 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @macombet,

    All opinion based on nothing but bias. No credibility whatsoever. It's crazy not to think that the 600 times increase in earthquakes has a cause other than a change in naturally occurring seismicity rates.
    Jun 28, 2015. 08:28 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Craig Cooper,

    Have you read this?

    "The rate of earthquakes in Oklahoma has increased remarkably since October 2013 – by about 50 percent – significantly increasing the chance for a damaging magnitude 5.5 or greater quake in central Oklahoma."

    http://tinyurl.com/qd9...

    Or this?

    "We know that Oklahoma experienced 109 magnitude 3+ earthquakes in 2013 and five times that amount in 2014. The pace of earthquake activity has accelerated this year. The current average rate of earthquakes is approximately 600 times historical averages.

    While we understand that Oklahoma has historically experienced some level of seismicity, we know that the recent rise in earthquakes cannot be entirely attributed to natural causes. Seismologists have documented the relationship between wastewater disposal and triggered seismic activity. The Oklahoma Geological Survey has determined that the majority of recent earthquakes in central and north-central Oklahoma are very likely triggered by the injection of produced water in disposal wells."

    http://tinyurl.com/q5c...

    Even without a major quake occurring, are you aware of the shaking and rattling going on in OK, with some damage occurring as a result? We who have experienced it believe, based on our life experience of few to no earthquakes experienced prior to 2009, that the cause is the increase in waste water disposal, and that has been backed up by the USGS. We don't want anymore "induced" quakes. It's as simple as that. Oklahomans are rising up in anger over this problem, and the Oklahoma state government is having to address the issue because so many are impacted. This Texan supports those rising up because I have been on the receiving end of it as well.

    Obviously, those who are out of harm's way are going to have a different view than those who are, many anyway. Go find another academic argument to fight. Until you have experienced it, you really have no dog in the fight.
    Jun 28, 2015. 08:15 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    Please don't box me in as an environmentalist. I'm not. I don't know whether there is global warming, and love my Honda 6 cyl Accord. This is about waste water disposal, not the use of water directly in fracking. You aren't even knowledgeable as to the cause of the earthquakes in OK.

    "The USGA is simply saying that in locations where there are a lot of quakes, there are faults in the earth's crust, and then statistically that is were a major quake is likely to happen, compared to where there are fewer quakes. However, in a given area where there are known faults, a series of smaller more frequent quakes is preferable to less frequent larger quakes."

    No, what the USGA has said is that the increase in quakes is very likely caused by the disposal of waste water, and as a result of the disposal of larger volumes of waste water, a major quake is more likely. Talk about selective filtering of the evidence and the known facts.

    http://tinyurl.com/qd9...
    Jun 28, 2015. 08:03 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    From the Oklahoma Office of the Secretary for Energy and Environment:

    "We know that Oklahoma experienced 109 magnitude 3+ earthquakes in 2013 and five times that amount in 2014. The pace of earthquake activity has accelerated this year. The current average rate of earthquakes is approximately 600 times historical averages.

    While we understand that Oklahoma has historically experienced some level of seismicity, we know that the recent rise in earthquakes cannot be entirely attributed to natural causes. Seismologists have documented the relationship between wastewater disposal and triggered seismic activity. The Oklahoma Geological Survey has determined that the majority of recent earthquakes in central and north-central Oklahoma are very likely triggered by the injection of produced water in disposal wells."

    http://tinyurl.com/q5c...

    As more evidence is accumulated, I anticipate the wording "very likely" to change to "are caused".

    The oil and gas industry ignores this at their peril, IMO. I have always been supportive of the industry, worked for a small public oil and gas drilling company with my first accounting job out of the military in 1976 (Moran Bros. Inc), but the response from the industry in regards to this problem has angered me. You reap what you sow. It's as simple as that.
    Jun 28, 2015. 07:43 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    I suggest you do some reading on what is actually occurring in Oklahoma. These folks are experiencing shaking and rattling on an ongoing basis. If that were not so, the earthquakes would be a non-issue. Folks are experiencing property damage as well with quakes as small as 3.5. And the number of quakes of magnitude 3.0 or greater has increased to 567 in 2014 and is on pace in 2015 to exceed that.

    Here is a headline from just 4 days ago:

    "A series of earthquakes shook many Oklahoma residents awake late Thursday night and early Friday morning, News 9 reports. According to the U.S. Geological Survey, at least seven earthquakes have been reported in the Edmond, Guthrie area overnight. The first, a 3.6 magnitude, was recorded at 11:35 p.m. Thursday, eight miles northeast of Edmond and nine miles south of Guthrie."

    http://tinyurl.com/nzh...

    At 8:35 pm, last night. a 3.6 magnitude was experienced just north of Helena, OK.

    http://tinyurl.com/qxs...

    "Shook" means it was definitely felt. The oil and gas industry is playing with fire here. The evidence is strong and gets stronger as more research is done. We are pissed off because of what we have experienced, not because of some "agenda

    http://tinyurl.com/kky...

    "The ground is trembling underneath the feet of Oklahomans at a record pace this year and by a wide margin, but the jury remains out on whether recent mitigation measures on injection wells will curtail the troubling trend."

    http://tinyurl.com/psr...
    Jun 28, 2015. 07:25 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    "The vast majority of time, a series of smaller quakes makes larger more dangerous quakes less likely to occur."

    You are putting out misinformation. That's the best I can call it. The USGA says that due to the frequency of quakes that there is a higher probability of a major one occurring. Either you haven't read their report, and others, about Oklahoma, or you are in denial about the science. I'll believe the USGA over your opinion.
    Jun 26, 2015. 11:12 PM | 2 Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    "A 3.0 earthquake is usually not even felt."

    Your own link says:
    "2.5 to 5.4 Often felt, but only causes minor damage."

    Your own link contradicts you.

    Oklahomans are experiencing shaking and rattling and some are experiencing damage to their homes. No hidden agenda, IMO. They just want the constant bombardment of shaking and rattling to stop.

    I have only experienced one earthquake in my life and that was a 4.3 magnitude centered in OK. I am in Wichita Falls, Tx, about 30 or 40 miles from the Oklahoma border. That was 2012 or 2013. Our house shook. That was enough to realize this is serious for the folks experiencing this on a regular basis. If the oil/gas industry ignores this, which they have thus far, they will have a very angry population of people to deal with. If a major earthquake occurs, as the USGA is warning about, and there is loss of life, it will be national news and I suspect people will rise up in anger against the industry.

    Lives and property are at stake. That is more important, IMO, than greedy oil/gas companies who don't give a damn. I'm angry and I have experienced no damage I am aware of. I am just angry at how the oil/gas companies are handling this.
    Jun 26, 2015. 11:06 PM | 4 Likes Like |Link to Comment
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