– Chris Faulkner: The truth about fracking

logoAmerica is in the midst of an energy renaissance that’s transforming entire communities,true religion outlet.
Consider Karnes County, Texas. A few years ago, the community was plagued by poverty. Today, it’s not uncommon for local residents to collect $70 million each month in royalties for allowing energy companies to drill on their land. The wealth has increased the county’s tax base almost six-fold in two years.
The energy and economic boom in the Lone Star State is largely the result of hydraulic fracturing, popularly known as “fracking,” a process that enables the extraction of previously intractable natural gas and oil reserves. A solution that is 99.5 percent sand and water,Bilalov said in comments reported at the weekend, with a few trace chemicals, is pumped underground at high pressure to break up rock formations,won first place honors in the biological science division for his entry.
But in spite of the economic gains, radical environmentalists have bombarded the public with misinformation about fracking. It’s time to debunk some of these false claims.
Claim 1: Fracking will contaminate the underground water supply.
Subsurface contamination from fracking is almost impossible. Fracking involves the injection of liquid 7,000 to 15,000 feet underground — far deeper than drinking water aquifers, which are often about 300 feet below the surface. Last year, an exhaustive University of Texas study done by the former head of the AdvertisementU.S. Geological Survey looked into alleged incidents of fracking contamination. “None of the water well claims involve hydraulic fracturing fluid additives, and none of these constituents has been found by chemical testing of water wells,” the study concluded.
A popular, Oscar-nominated documentary, “Gasland,” shows landowners in Colorado lighting their water taps on fire and blaming fracked wells nearby. But Colorado regulators had already determined the actual cause was naturally occurring biogenic methane, unrelated to fracking.
Claim 2: Fracking does lots of damage to the land surrounding a drilling rig.
Drilling operations do involve trucks, heavy equipment, and facilities to store waste and other byproducts. However, any impact on the surface is easily restored,chanel outlet, and waste products are very carefully disposed of.
Claim 3: Fracking causes earthquakes,Longchamp,citing Guevara’s lawsuit.
Last year, Congress asked the National Research Council to study the relationship between fracking and earthquakes. Every year,truereligionjeansoutletrose, there are about 14,450 naturally occurring earthquakes worldwide of magnitude 4.0 or greater. According to the council, just 154 earthquakes over the past 90 years have been the result of manmade activity. Of those, only 60 were in the U.S,chanelhandbagsrose., and nearly all were moderate to small. The council’s report concluded that fracking is extremely unlikely to cause earthquakes.
Claim 4: Fracking needs to be federally regulated.
Since it was introduced in the 1940s, fracking has been used to extract oil and gas in America over 1 million times. Over the past 70 years, fracking has only been regulated at the state level and has an unimpeachable safety record. An EPA study confirmed fracking was safe and adequately regulated by the states in 2004,celinebagrose.
It’s clear that new energy sources are required to meet America’s needs and reduce dependence on foreign oil. It’s further estimated that fracking will lead to $2 trillion in U.S. capital investments through 2035. This resource boom is also a rich source of jobs. In 2011 alone, the oil and gas industry supported an impressive 9.6 million jobs,Longchamp Pas Cher. Every community in America stands to gain from fracking, and despite what detractors say, there’s almost no downside.
Chris Faulkner is the CEO of Breitling Energy Companies,