The cost of drilling is also going up as deposits become more inaccessible. Besides ongoing questions about the impact of fracking on the environment − in terms of carbon emissions and pollution of water sources − another challenge facing the industry is the growth and rapidly falling costs of renewable energy. Fracking operations could also be curtailed by more stringent regulations designed to counter fossil fuel emissions and combat climate change. Its backers have hyped fracking as the future of energy − not just in the US, but around the world. Now the outlook for the industry is far from certain.
Posted on: Wed, 21 Jan 2015 06:37:35 +0000
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