Shale gas fracking is a SCAM, say government insiders (to each other)

http://www.accuracy.org/release/nyt-insiders-sound-an-alarm-amid-a-natural-gas-rush/

WENONAH HAUTER, via Kate Fried, kfried at fwwatch.org.

Hauter, executive director of Food and Water Watch, said today:

“The fact is that the natural gas industry has exaggerated the economic benefits of fracking while downplaying its risks to public health and the environment. Meanwhile, when skeptical industry insiders evoke terms like ‘Ponzi scheme,’ ‘bubble,’ and ‘Enron’ to describe the actual potential of shale gas fracking, you know there’s a profound problem. …

“These revelations further prove that the Obama administration is pursuing a misguided course in encouraging the proliferation of this toxic, dangerous practice. Rather than incentivizing shale gas fracking it should devote resources to developing truly sustainable energy solutions that won’t harm public health or the environment. In the meantime, President Obama should impose a national ban on shale gas fracking.”

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DRILLING DOWN
Behind Veneer, Doubt on Future of Natural Gas
Kathy Chruscielski

Energy companies have worked hard to promote the idea that natural gas is the fossil fuel of tomorrow, and they have found reliable allies among policy makers in Washington.

“The potential for natural gas is enormous,” President Obama said in a speech this year, having cited it as an issue on which Democrats and Republicans can agree.

The Department of Energy boasts in news releases about helping jump-start the boom in drilling by financing some research that made it possible to tap the gas trapped in shale formations deep underground.

In its annual forecasting reports, the United States Energy Information Administration, a division of the Energy Department, has steadily increased its estimates of domestic supplies of natural gas, and investors and the oil and gas industry have repeated them widely to make their case about a prosperous future.

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