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

Video Description

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. #PlanetA #oilboom #usa We're destroying our environment at an alarming rate. But it doesn't need to be this way. Planet A explores the shift towards an eco-friendly world — and challenges our ideas about what dealing with climate change means. We look at the big and the small: What we can do and how the system needs to change. Every Friday we'll take a truly global look at how to get us out of this mess. Follow Planet A on TikTok: https://www.tiktok.com/@dw_planeta?lang=en 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: https://www.eia.gov/energyexplained/oil-and-petroleum-products/prices-and-outlook.php Oil market report 2023: https://www.iea.org/reports/oil-market-report-december-2023 Texas energy profile: https://www.eia.gov/state/print.php?sid=TX Induced earthquakes: https://www.usgs.gov/programs/earthquake-hazards/science/induced-earthquakes Texas net-zero by 2050: https://cockrell.utexas.edu/images/pdfs/UT_Texas_Net_Zero_by_2050_April2022_Full_Report.pdf Renewable energy jobs: https://www.energy.gov/articles/doe-report-shows-clean-energy-jobs-grew-more-twice-rate-overall-us-employment 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