Energy dependence; what energy dependence?
If fact, with so many new shale gas deposits — located all over the U.S.— now every market can be served with “local” gas, greatly reducing the need for pipelines. Dividend paying pipeline companies have been some of the best performing stocks for resource investors, but the shale gas supply glut may drag them down now as well. [source]Wow, what a problem! Too much of a good thing.
The EPA has issued a draft report confirming what many environmental groups have long suspected: Natural gas drilling is causing groundwater contamination.Strangely, the same process doesn't seem to affect ground water in Great Britain.
Fracking has proved controversial in the US, where shale gas is already being exploited on a large scale and where footage has been captured of people able to set fire to the water coming out of their taps as a result of gas contamination.
But Professor Mike Stephenson, of the British Geological Survey, said most geologists thought it was a "pretty safe activity" and the risks associated with it were low.
He said the distance between groundwater supplies around 40-50 metres below the surface and the deep sources of gas in the shale a mile or two underground, made it unlikely methane would leak into water as a result of fracking.
Addendum:
EPA: Power plants are main global warming culprits
Still acting on a theory that has been shown to be based on manipulated data feeding unworkable models.