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(Hi David!) Well, yes it's money, but the complication is that fracking has that effect only in some places. The contamination is much more a function of the ge
by anateus 13y ago
(Hi David!) Well, yes it's money, but the complication is that fracking has that effect only in some places. The contamination is much more a function of the geology than the fracking process itself. Pennsylvania has been hit heavily with contamination. Most wells drilled are safe: http://mitei.mit.edu/publications/reports-studies/future-natural-gas http://mitei.mit.edu/publications/reports-studies/future-nat...
There is an annoying combination of legal and commercial pressures that prevent the companies from going "actually it's more dangerous than we previously said" without it seeming like "it was a lie all along this is TERRIBLE".
The crucial take-away is that there is a bunch of additional geologic due diligence that the gas companies could be doing that would actually enable them to continue fracking. But the boom is driven in part by the utter dirt cheapness of it now and they're afraid of hopping off the wave.