Hyped Benefits of Fracked Gas Already Fading

In January, 2012, the price of natural gas plunged to below $2/mcf due to overproduction by shale operators. Such low prices did, indeed, prompt utilities to switch fromcoalfired generation to natural gas fired generation if they had the capacity. Industry crowed that this was the shape of things to come with electricity costs plummeting for consumers and heralding the end of "King Coal."

Unfortunately, as with most aspects of unconventional shale production, this proved short lived and oversold. Glaring numbers show another picture altogether.

http://ecowatch.com/2013/10/31/benefits-of-fracked-gas-fading/

6 Answers

1. New German government would put moratorium on fracking, cut wind energy support## such a great news## why cant other do that? Congratulations to Germany

2. good one

3. Kiran, trying to make people more aware about the issue. Thanks for liking and supporting..

   1 Comment

   1. My pleasure Andyn. This forum would be so much richer for everyone if more people like yourself contributed their oponions, ideas, questions or just shared information. Thanks again and I look forward to reading more of your posts.

4. good link

5. Thanks for sharing Andyn. That's an informative read. There are some more serious downsides to Fracking. Many may know that fracking technology uses ENORMOUS quantities of water and sand. That in itself is not a problem. But it does pose a very serious threat to the people in the vicinity, not to mention the environment and the ecosystem, when these resources are used without regard. It is well known that water contamination is a very real threat. But what not many people know is that sand too is not as abundant as we think it is. That's because sand too, much like water has many different kinds and we only use certain kinds as resources. See http://grist.org/news/wisconsins-sand-mining-boom-could-fuel-fracking-abroad/ and http://sand-wars.com/

6. I heard that new study says now Fracking Doesn't Emit Excessive Methane.