Is the Fracking Boom Really Just a Bubble?

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Is the Fracking Boom Really Just a Bubble?

by RP Siegel
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#Fracking - A boom or really just a bubble? http://bit.ly/1xEoJZI More from @RPSiegel now on @Justmeans

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Wednesday, October 29, 2014 - 4:00pm

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The explosion of domestically produced oil and gas through fracking has produced tremors both in the ground surrounding a number of wells as well as in the economy. Suddenly, the whole energy picture has been turned on its head. Instead of an energy importer, we’ve became an energy exporter.

Oil and gas production are both up by double-digits compared to a decade ago. Fears of running out of oil have been replaced by fears of a production glut. We may soon have more oil than we need. This will do little to encourage developers to slow down, despite the numerous concerns that have been raised about the safety and environmental impact of this form of resource extraction, not to mention climate change.

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Image credit: Daniel Foster: Flickr Creative Commons

RP Siegel, author and inventor, shines a powerful light on numerous environmental and technological topics. He has been published in business and technical journals and has written three books. His third, co-authored with Roger Saillant, is Vapor Trails, an eco-thriller that is being adapted for the big screen. RP is a professional engineer – and a prolific inventor, with 50 patents, numerous awards, and several commercial products. He is president of Rain Mountain LLC and is an active environmental advocate in his hometown of Rochester, N.Y. In addition to Justmeans, he writes for Triple Pundit, ThomasNet News, and Energy Viewpoints, occasionally contributing to Mechanical Engineering, Strategy + Business, and Huffington Post. You can follow RP on Twitter, @RPSiegel.

Keywords: Energy | Bakken | EIA | Eagle Ford | Shale Gas | fracking | post carbon institute | tight oil

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