Fracking Is Here to Stay

Source:

"Even by ultra-conservative reckonings, there's still up to 109 years of production remaining."

Financial Post, Christopher Swann

Bad news for natural gas wildcatters is often music to the ears of environmentalists. So opponents of fracking—the controversial gas extraction method—pounced on sharply lower government estimates of the gas contained in the Marcellus shale surrounding New York's aquifers. If the economic prize is far smaller than previously thought, they argue, why take the ecological risks? But investors shouldn't be alarmed. Even by ultra-conservative reckonings, there's still up to 109 years of current production. . .View full article

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe