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Replies to #94105 on Biotech Values

DewDiligence

04/14/10 2:39 AM

#94121 RE: go seek #94105

The fracking controversy is a mirage...

The alleged safety problems may be a mirage, but the controversy itself is real—just like it is with MON and GM crops. These hullabaloos can produce attractive entry points for investors who have done their homework and have a long horizon, and this is my assessment of the current opportunity with MON.

postman

04/14/10 8:18 AM

#94132 RE: go seek #94105

Pickens just said that his 82nd birthday is coming up shortly... Gives a whole new meaning to the word stamina...

OakesCS

04/14/10 8:31 AM

#94135 RE: go seek #94105

[ot] fracking

The fracking controversy is a mirage... industry has been using this technique for 60 years with no confirmed incidence of goundwater contamination. EPA has ruled on this issue in the past.

The biggest concern i see is the amount of water needed for the fracking of the shale wells... 2 million gallons of water / well.

Have met w/ companies wanting to gain water rights... and have written the conditions for approval for more than 120 natural gas wells.... oversee operations for 260 gas / oil wells


goseek,
Somebody that has 'oversee[n] operations for 260 gas/oil wells' should know that: 1. the fracking controversy is NOT a mirage, 2. the industry has NOT been using the fracking techniques used in shale gas development for 60 yrs [the first use was in the mid-1970s and extensive use outside the Barnett shale has only been in the last 4 to 5 yrs]; and 3. while you may see the amount of water necessary as a concern, the controversy is mostly about groundwater contamination in places where there is plenty of water.

One could argue that the last of my points conflicts with the concerns about groundwater contamination and therefore the fracking controversy is a 'ruse' by those that are congenitally predisposed to criticize all oil and gas company activities. I wouldn't argue too strenuously against that point; however, there are also companies in the NG biz that wouldn't be crying in their milk if the environmentalists won regardless of the argument's validity.
Charlie