Fracking: The good and the bad
Companies that use hydraulic fracturing to retrieve oil and gas from deep underground are changing the U.S. energy picture. Here's a graphic look at the technology and the risks.
Graphic by Ryan Jeffrey Smith for MSN Money
Stocks of companies that use fracking -- the popular term for hydraulic fracturing -- have been hot because the technique has resulted in huge gains in U.S. oil and gas production in just the last few years.
But just as hot has been the criticism. Many people see fracking as a threat to underground water supplies, as well as to rivers and streams and air quality above ground. Here's a graphic look at how it works, and the controversy.
If you can keep your heat on this winter, thank you natural gas producer. Fracking doesn't kill people, lack of heating does. PA electric rates have gone down 15% due to nat gas.
Well if any of the people who have HBO, have seen GAS LAND a documentary on FRACKING and its end results.. Then they and you Know that when fracking takes place it has contaminated the drink water wells for those people. Who even though probably sold their rights were promised that their water would be tested before and after drilling.. Of course the wells went bad. So bad that it does catch on fire and /or turned brown and undrinkable.. So if you decide to let them drill on your land : 1) Make them check your water as well as you 2) check it at least once a week if not every other day. 3)make sure you get millions for letting them drill on your land or near you. only because if they don't contaminate your water you will be looking at the drill site and containers for the rest of your life. PLUS your ability to sell your home will greatly diminish..
And to any one in Wisconsin who decides to let them drill and my water is contaminated I will sue you and them.. So you had better get a lot of good money..
Fracking may provide jobs but the environment pays the cost. Plus all the MILLIONS of Gallons of water and chemicals used in fracking.. The chemicals are hazardous. In my eyes Its just not worth the risk of losing our future drinking water.. And last but not least the people who okayed this were people in GOVERNMENT who stood to get rich from making laws that got around EPA laws..
The fracking proponents are quick to point out the multiple layers of concrete and steel in the casings... What about the seal between the casing and the bedrock? As it was explained at a local "town hall" meeting in my area, they calculate the amount of concrete or grout that SHOULD be required to fill the voids between the casings and the bedrock. If the amount of material is substantially more or less, they know they have a problem. REALLY?! That's how we know if the seal is good? They didn't explain what they would do if the amount of material didn't match their calculations.
Anybody have a answer to this one?
there is no actual documented cases of enviromental damages from fracking. my friend lives in mount bellvieu tx., near baytown & houston and even some of the houses there have what the call flare sticks in their back yards to relieve gas pressure in the ground. they've had them for years. there is no fracking going on there. just underground salt mines used for oil storage & natural gas!
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These hot movers could rise by double digits in coming months.
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