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Fracking Boom Slouching Toward Bust

For related articles and more information, please visit OCA's Environment and Climate Resource Center page.

Stop me if you've heard this one. What's an obscenity that starts with "f" and ends with "ck"?

Oh wait, sorry, this is supposed to be a serious article about fracking. That's right, we're talking about The Biggest Development in the energy world since the birth of the sun, the Revolution that is freeing America forever from bondage to oil imports.

But here's the thing: though this revolution is only a few years old, it's already losing steam. There are two big reasons why.

The first has to do with environmental problems that can't be swept under the carpet any longer. The image of a homeowner lighting his tap water on fire in Josh Fox's documentary film "Gasland" has become a cliché; still, for a while the industry was successfully able to argue that adverse impacts from fracking to water, air, soil, wildlife, livestock, and human health are negligible. Industry-funded studies declared the practice safe, and the EPA appeared to back them up.

Drilling companies tended to target economically depressed regions, where poverty forced most townsfolk to take whatever short-term jobs and production royalties were offered, while stuffing their concerns about nosebleeds, headaches, dying pets, intolerable noise, and tainted water. Meanwhile, citizens who suffered the worst health effects or property damage were led to sign non-disclosure agreements in order to receive settlement payoffs (including two children ages 7 and 10 who have been given lifetime bans from speaking about fracking), thus keeping their plight out of public view.

But the bad news just keeps leaking, like methane through a bad well casing. Former Mobil Oil VP Louis W. Allstadt, who spent his career running oil production operations and company mergers, now speaks on behalf of anti-fracking resistance groups,  pointing to studies revealing that compromised casings (and resulting instances of water contamination) are far more common than the industry claims.     


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