27 Feb '12, 3pm

Alaska is about to get fracked up

Alaska is about to get fracked up

Alaska’s been coasting on its stores of easy-access oil, but a new report from the U.S. Geological Survey shows that the state has a motherlode of shale oil and natural gas. You know what means — here come the frackers. The numbers are impressive: as much as 80 trillion cubic feet of frackable natural gas and up to 2 billion barrels of shale oil. To put that in perspective , the natural gas resources are smaller than the Marcellus Shale, which underlays Pennsylvania and New York, and smaller than Texas’ Haynesville and Eagle Ford shale formations — but it’s still the fourth biggest parcel in the U.S. The oil shale is the second biggest deposit in the country; only North Dakota’s Bakken Formation has more. If you’re inclined to look on the bright side about oil and gas fracking, there are a couple of positives here. These resources aren’t in developed areas, which minimizes...

Full article: http://grist.org/list/alaska-is-about-to-get-fracked-up/

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