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IPFS News Link • Energy

Fracking Rush Threatens US Energy Security: Report

• http://www.commondreams.org, Common Dreams staff
 Despite gas industry claims that the natural gas extraction "revolution" will create energy security and affordable fuel for US consumers, fracking will in fact benefit those in the US very little, as the natural resource will most likely be shipped offshore to those who will "pay the highest price," according to a new report released Wednesday by Food and Water Watch. Additionally, there is far less oil and gas reserves to mine in the first place -- contrary to what industry leaders would have us believe.
 
Market proposals by gas and oil companies revealed in the report will likely cause skyrocketing prices for US consumers and only vast amounts of pollution in the industry's wake.

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