Biotech Values

[OakesCS]

[OT] Natural-Gas Production Goes from Bust to Boom; Prices Plummet

yeah, gas shales are not the most environmentally friendly gas sources. In order to produce the gas an enormous amount of water is pumped in to fracture the shale. Then the now contaminated water must be pumped out and disposed of. Unfortunately, as little as 20% of the water is recovered which causes other folks concern as to where it went. A drilling guy recently told me they were paying $4/gallon for water (that includes cost of treatment) for gas shale projects in western PA/NY. Those sorts of development costs put a basement on the NG price.