Wednesday, July 6, 2011
EPA is finally going to conduct a big Environmental Study on Gas Fracking
There has been a painfully slow move to NatGas in the US, even though we appear to have centuries worth of it using new fracturing and horizontal drilling techniques.
The one holdup, kinda, is being blamed on the possible environmental impact from gas drilling. (As if it could be worse than oil with its BP Gulf and Exxon Yellowstone spills in the last two years.)
With NatGas at a price of $1 (to $2) for the equivalent of a gallon of diesel in vehicle fuel ($4/gal), many people argue that it's a "no brainer" decision for the US to switch to NatGas. But inertia and the massive interests in the current oil & coal economy seem to have us doing the “no brain” part of a far better decision than imported oil or much dirtier/deadly coal.
Check out the Utica Shale and Marcellus Shale information… The Utica Shale formation that is below the Marcellus is just now becoming commercially available using new drilling techniques that have really been worked out since about 2005.