posted on Jul, 15 2011 @ 10:00 AM
News was made this week when the NY Times reported that Gov. Cuomo is prepared to relax a moratorium on the controversial drilling technique called
hyrdarulic fracturing (fracking for short) in order to get at the monstrous amounts of natural gas buried beneath 4 states on the East Coast.
The gas is located in the Marcellus Shale formation. Marcellus lies primarly underneath parts of New York, Pennsylvania, West Virginia and Ohio.
Some new government estimates suggest there may be up to 500 trillion cubic feet of natural gas in Marcellus. How much gas is that?
Conservatively,hundreds of years worth.
The U.S. has quite a few shale formations like Marcellus; more than any other part of the world. There is enough natural gas in them to keep the
lights on well into the future.
So, those are the facts. And on the face of it that's the reason why energy companies and speculators are making Marcellus the new darling of the
'drill baby, drill' crowd. The natural gas in Marcellus has the potential make a fair number of somebody's very, very rich, and a quick search
found some prominently placed internet ads trolling for investors to pump money into development of the Formation.
And that's the end of the good news. Now on to context. The key to gauging any deposits worth is based, not on the amount of oil, but how much of
it is accessible, or recoverable to use oil company terms. In the case of the Marcellus shale and most other shale formations current technology will
allow us to get at about 10 percent of the oil in the formation. That means instead of decades of energy indepence, in practical terms we're
looking at about 2 years. Enough to make plenty of people quite rich, but unfortunately, not enough to declare an end to our energy problem.
The other issue is that getting at that oil requires a controversial process known as hydraulic fracturing (fracking for short). In simple terms that
involves pushing chemically enhanced water down into the formation and literally pressuring the gas out to the surface. The leftover water is the
pumped into regulated deep water deposits or processed through wastewater treatment plants before being released back into the water supply.
So why is it controversial? Environmentalists argue and are trying to prove that contaminated fracking water (with hundreds of chemical additives) is
leaking into the water we drink. Government regulators and some government studies haven't found any instances of polluted fracking water leaking
out of our faucets. But by this time the public has seen enough video of home faucets on fire (made famous in the documentary Gasland) to make that a
dubious claim. The Obama administration is concerned enough to ask the EPA to study the issue again. According to news reports they have chosen 7
sites to study, and are hoping to shed some light on the subject.
And then there are the kinds of things that make enviromentalists heads explode. Oil companies, for instance are exempt from regulation under the
Clean Water Act. And they do not have to disclose the chemical makeup of the water they are pumping into the ground. That speaks volumes about the
power of the energy lobby up on Capitol Hill and just feels... wrong. Too many are people are left scratching their heads saying "if not this, what
is the Clean Water Act for?"
But wait, there's more. A recent report published in the Proceeding of the National Academy of Sciences did find significantly higher than normal
levels of methane contamination in homes less than 1 km away from a fracking site. But the PNAS suggestion is that the problem has more to do with
leaky wells than the chemical soup being forcing the natural gas to the surface.
So for the average citizen: what do do? Depends on where you fall on the spectrum of energy independence. Even the states are confused. While
Governor Cuomo considers lifting New York's fracking moratorium, the New Jersey legislature just banned the whoe process. And the politicization of
the process makes it hard to separate fact from fiction. Hope this helps you figure out where you stand.
What do you think? is it too risky? Is it worth any potential problems? Let me know.