The Latest On: Fracking
The symmetry is just eerie.
Exactly one year after the BP disaster in the Gulf, natural gas drilling company Chesapeake admitted that a well it was hydraulically fracturing (or “fracking”) for natural gas went out of control in LeRoy, Pennsylvania late Tuesday, spilling thousands and thousands of gallons of frack fluid over containment walls, through fields, farms – even where cattle continue to graze – and into a stream.
As Chesapeake Energy Corp. struggles to contain a massive spill of toxic, hydraulic fluids yesterday at a natural gas fracking site in Pennsylvania, it also is struggling to explain how this dangerous event happened and how they are handling it. I mean, how do you explain away the poisoning of water supplies, waterways and farmers' fields?
Break out the streamers and the party hats—it’s Tax Day! Of course the overachievers filed their taxes months ago, but no doubt a few folks are frantically sifting through piles of paper at this very moment trying to locate that wayward W-2.
Either way, every year millions of Americans file their taxes and pay their fair share to keep our country running. But for many companies, including those in the oil and gas industries, ducking the taxman has become par for the course.
The Associated Press had a story today detailing how regulators in Pennsylvania spend as little as 35 minutes reviewing gas drilling permits, before giving companies approval to blast millions of gallons of chemically treated water into the earth to extract the gas – a controversial practice known as fracking.
In a hearing, today, lawmakers on Capitol Hill probed the health and environmental impacts of a gas drilling boom fueled by the controversial gas extraction technique known as hydraulic fracturing or fracking. Using this technique, companies blast millions of gallons of chemically treated water into the earth to force natural gas from underground deposits.