The dark secret behind the historic U.S. oil boom

The US is producing more oil than any country ever has, despite pledging to reduce emissions. The promise is that this new oil boom will bring much-needed jobs and cheaper fuel. But for everyday people, the boom has limited benefits and comes with dire consequences.

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Reporter: Amanda Coulson-Drasner
Camera: Ryan Dowling
Video Editor: Amanda Coulson-Drasner
Supervising Editors: Joanna Gottschalk, Michael Trobridge, Kiyo Dörrer

Background interviewees:
Dr. Michael E. Webber: Sid Richardson Chair in Public Affairs, University of Texas at Austin
Baird Langenbrunner: Research Analyst, Global Energy Monitor

Read More:
Oil price volatility: www.eia.gov/energyexplained/oil-and-petroleum-prod…

Oil market report 2023: www.iea.org/reports/oil-market-report-december-202…

Texas energy profile: www.eia.gov/state/print.php?sid=TX

Induced earthquakes: www.usgs.gov/programs/earthquake-hazards/science/i…

Texas net-zero by 2050: cockrell.utexas.edu/images/pdfs/UT_Texas_Net_Zero_…

Renewable energy jobs: www.energy.gov/articles/doe-report-shows-clean-ene…

Chapters:

00:00 Intro
01:10 Oil in Texas
02:40 How to oil
03:21 Jobs
05:59 Energy Independence
06:41 Cost
07:36 What are orphaned wells?
09:12 Cost of orphaned wells
12:56 Conclusion