State subsidies to gas industry could reach $1 billion over a decade
November 5, 2013'Caught up in their own hype'
November 11, 2013
Photo: Mike Groll, AP
People hold signs during a rally against hydraulic fracturing for natural gas, or fracking, on Oct. 30, 2013, in Albany, N.Y.
Surging oil and gas production is nudging the nation closer to energy independence. But new research suggests the boom could peter out long before the United States reaches this decades-old goal. USA Today posted an article by Wendy Koch on this question on November 3, 2013.
“Hughes says the shale industry’s long-term viability will rest not only on well productivity and market prices but also on its potential damage to the environment. He says rising grass-roots opposition to fracking could thwart its expansion.
As with any energy source, he says shale has economic and environmental costs, adding: ‘There is no free lunch.'”
