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Thursday, 04/10/2014 5:07:24 PM

Thursday, April 10, 2014 5:07:24 PM

Post# of 12758
NASV is in the right place at the right time! See article I came across:

Fracking has transformed the U.S. energy industry. One hundred new wells are drilled daily, creating so much supply that the U.S. is now the single largest producer of oil and gas combined, according to Russell Gold, author of The Boom: How Fracking Ignited the American Energy Revolution and Changed the World. He tells The Daily Ticker that fracking -- which uses millions of gallons of water and chemicals to fracture shale and release natural gas -- "has redrawn the global energy landscape."

Gold has followed the industry since 2003 and has a personal connection to it. About five years after he was assigned the fracking beat as a reporter at The Wall Street Journal, he got call from his parents, asking whether they should lease some property they owned in rural Pennsylvania to a drilling company for fracking.

He studied the situation and eventually decided they should because, "it's natural gas, a better fuel for the environment ...

Bottom line, says Gold, fracking is "creating jobs." North Dakota, home to the Bakken Formation, has the lowest unemployment rate in the country at 2.6%.

"We're the envy of the world," Gold adds. "Europe would love to have the energy prices that we do."


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