27 Jun '11, 11am

Financial Analysts Say Natural Gas Fracking Ain’t So Great – Wait, What?

Financial Analysts Say Natural Gas Fracking Ain’t So Great – Wait, What?

Aside from the issue of gas well productivity, which Urbina covers in detail, here’s just one small indicator of how much help the fracking industry is going to need: road repair. In Pennsylvania alone, the industry has had to pay more than $411 million since 2008 to repair the damage caused by thousands of trucks hauling fracking brine , wastewater, and equipment. Not all of the repairs have been up to snuff (to say nothing of repair-related inconveniences that impact local economies), and in some cases operators have had their permits revoked. Last year the state estimated that its taxpayers were still on the hook for about $35 million in repairs that could not be recovered from fracking companies . That could be the tip of the iceberg, so hold on to your hats. The industry’s “Enron moment,” as Urbina reports, could be just around the corner.

Full article: http://cleantechnica.com/2011/06/27/financial-analysts-sa...

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