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Will Fracking Last?



January 10, 2012 – Comments (0) | RELATED TICKERS: SD.DL , CHK

Fracking has been getting some serious negative press lately. Many states are beginning to blame fracking for a number of earth quakes and other pollution, and natural disaster issues. What does this mean for the fracking industry? Brian Stoffel explains that its a bit to early to tell, but makes some predictions for the future.


"Just the facts
It seems that the problems aren’t necessarily from the fracking process per se, but the disposal of the fluids used in the process. According to TheChristian Science Monitor, “At issue is the effect fluids injected at high pressure can have on faults. The billion-year-old ‘basement’ rock that underlies much of the eastern US is laced with faults.”

At the request of the state of Ohio, Northstar Disposal Services — the operator — has closed the well  while the situation is studied more closely."


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