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Should The U.S. Ban Fracking?

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By 2020, for the first time in 70 years, the US is predicted to become a net energy exporter. Most of this progress can be attributed to the combination of two technologies known as hydraulic fracturing and horizontal drilling. American consumers, oil and gas companies, and landowners have benefited significantly from the shift, while others say they have lost a great deal. CNBC explores if the U.S. should ban fracking.

The combination of hydraulic fracturing, or fracking, and horizontal drilling has revolutionized U.S. energy. The country has gone from heavily relying on foreign oil to producing enough for both its domestic consumption and international exports in less than two decades. The shale revolution has lowered prices, strengthened the U.S. geopolitically and made entrepreneurs and landowners very wealthy. By 2020, the US is predicted to become a net energy exporter.

However, the process of fracking is controversial. The potential harm to the environment and local communities is polarizing. Opponents of fracking argue water contamination and air pollution warrant stricter regulation and in some cases, a complete ban. Proponents on the other hand, claim that there is little to no evidence linking the pollution to gas drilling. A common rhetoric is that burning natural gas is more environmentally friendly than burning coal.

But there’s been a number of reports where individuals have been harmed, often due to mishandling of wastewater or improper building of boreholes. Bryan Latkanich lives in Washington County, Pennsylvania and leased his property to Chevron. He claims health problems him and his son have experienced and the damage to his property are caused by the gas drilling on his property. But the Pennsylvania Department of Environmental Health and Chevron have not found a link between the gas drilling and his claims. “Ultimately at this point I just want to get a buyout and move my son away from here and myself so we can try to get better and have a normal life,” says Latkanich.

UPDATE: Chevron acquired the rights to the well on Bryan Latkanich’s property after it was installed.

Whether fracking should be allowed or not is widely discussed. France, Germany and Ireland have banned the practice entirely. So have states in America such as New York, Maryland and Vermont. Democratic hopefuls, Elizabeth Warren and Bernie Sanders, have made statements that they intend to do change the regulations at the federal level. Other candidates like Joe Biden and Pete Buttigieg are suggesting limits on production or stronger regulations. However, as the laws currently stands, the Federal government has limited regulatory tools to make any real changes. Most authority of oil and gas development is in the hands of state governments.

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Should The U.S. Ban Fracking?

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How Warsh’s Task Forces Will Reshape The Federal Reserve

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Federal Reserve Chairman Kevin Warsh is floating major revisions to the central bank’s approach to assets, productivity, data, inflation and public communications. To achieve this, Warsh has created 5 “task forces” while soliciting interest from individuals outside of the Fed. This presents an opportunity for a small unelected group to influence the broader U.S. economy and value of U.S. dollars circulating globally. CNBC’s Matt Peterson reports.

Credits
Reporter: Matt Peterson
Produced and Edited by: Carlos Waters
Camera by: Charlotte Morabito
Animation: Jason Reginato
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images

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How AI Super PACs Are Shaping The Midterms

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Members of Congress are debating the future of AI regulation at a pivotal moment for the technology. In an effort to influence the next class of lawmakers, dueling super PACs backed by AI giants like OpenAI and Anthropic are pouring millions of dollars into the midterm elections. CNBC’s Emily Wilkins breaks it down.

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Emily Wilkins
Produced by
Macklin Fishman
Additional Production
Karen James Sloan
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Mickey Todiwala, Fred Soffa
Edited by
Andrea Miller, Darren Geeter
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Jason Reginato, Emily Park
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Shawn Baldwin
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Getty Images

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Zebra Technologies CEO: Barcode Benefits | Mad Money | CNBC

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It is a huge player in helping company’s keep track of their many moving parts, and the stock’s up a whopping 40 percent this year
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AT&T to Deliver “Blazing Fast” Internet Speeds | Tech Bet | CNBC

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Imagine downloading 25 songs in less than one second…that’s how fast AT&T’s U-Verse with AT&T GigaPower claims to be.
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Can AI Compute Become The Next Big Futures Market?

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For decades, companies have turned to futures markets to manage uncertainty. Airlines hedge fuel costs. Farmers hedge crops. Manufacturers hedge metals. Now a startup wants to bring that same financial machinery to artificial intelligence. Silicon Data and CME Group are working on futures contracts tied to GPU rental prices, a market that could help firms hedge rising AI infrastructure, cloud computing and data center costs. AI companies spend heavily to rent high-end GPU power for training and running artificial intelligence models, but future compute prices can be hard to predict.  CNBC’s Yun Li reports.

Chapters:
0:00-54:00 Introduction
00:55-03:16 Chapter 1: Computing Costs
03:17-05:27 Chapter 2: Demand
05:28-07:21 Chapter 3: Setting a Benchmark

Reporter: Yun Li
Produced and Shot by: Charlotte Morabito
Camera by: Natalie Rice
Edited by: Andrea Miller
Animation: Christina Locopo, Alisa Stern
Additional Editing: Valentina Duarte, Macklin Fishman
Additional Production: Christian Nunley
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images

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