Natural Gas: The Promise and the Potential Pitfalls
As recent articles in the New York Times and Wall Street Journal have made clear, shale gas is becoming a critical piece of the U.S. energy puzzle. It’s a vast domestic resource (found in some 22 U.S. states), now easier to access because of advances in drilling techniques and technologies, with the promise of helping to stabilize prices for energy consumers. But as Managing Principal Susan F. Tierney explains in this feature article, the successful development of this resource hinges upon various pricing, process, and public concerns.
What is Hydraulic Fracturing?
There are myriad risks and litigation questions raised by the process of extracting natural gas from shale deposits. These include public concerns about seismic disturbances caused by underground explosions, the amount of water used, as well as the possible contamination of ground and surface waters. Vice President Robert Earle outlines the process and the perils in this Q&A on “hydraulic fracturing.”