Fracking Takes A Hit

Fracking Takes A Hit
Fracking Takes A Hit

"There were no reports of injuries, though the earthquake reportedly damaged a 100-year-old historic building in Pawnee," according to 9/3/16 story from UPI.

Well, the 100-year-old building may have sustained what is now said to be "cosmetic" damage, but the fracking industry took a much more substantial hit to its reputation last week when frack-heavy Oklahoma was jiggled by a 5.8 magnitude earthquake, the second worst in its history.

Hydraulic Fracturing may have invigorated huge swathes of America and basically removed the problem of "energy insecurity" from the American psyche but it remains an embattled technology and last week's earthquake though hardly major (earthquakes tend to be designated "major" around 7.0) gave its armies of enemies material which they will no doubt be using for a long time.

As Seeking Alpha puts it in an article titled "Major Earthquake Threatens Fracking," "[t]he 5.60 magnitude earthquake that rattled Oklahoma in the outskirts of Cushing may be felt further than six states away as regulators begin to question the unusually high number of earthquakes occurring since fracking began."

"The...incident...may jolt regulators into reconsidering the benefits of fracking. The US Geological Survey recorded seven additional tremors in the aftermath. Oklahoma Governor Mary Fallin issued a state of emergency and oversaw the shutdown of wells in a 725 sq. mile area...While Governor Fallin signed into law a bill preventing towns and cities from banning fracking and the White House's position on this extraction method remains unchanged, it is possible that these stances could be reversed as communities in shale basins tire of the earth shaking."

Judging from a cascade of news articles and agitated opinion pieces, the anti-fracking movement certainly seems reinvigorated.

http://seekingalpha.com/article/4004877-major-earthquake-threatens-fracking

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