In March, I wrote a long article about the fracking boom for Rolling Stone, focusing on Chesapeake Energy, whose CEO, Aubrey McClendon proudly boasted to me, "We’re the biggest frackers in the world."
The story raised questions about the financial underpinnings of the company and suggested that today’s natural gas boom is likely to be a short-lived euphoria driven by new drilling technology and corporate greed.
Environmental Glance
Four dollars for a gallon of gas is ridiculous enough, but $4 for a gallon of water could someday became a reality, that is if oil tycoons like T. Boone Pickens and water bottling companies have their way. Privatization of water in which companies control the public's water sources and free water is a thing of the past appears to be what Pickens and corporations such as Monsanto, Royal Dutch Shell, and Nestle are banking on to increase their vast fortunes.
Two separate studies are providing insights into the earth-shaking consequences of the controversial gas extraction process known as fracking.
The rush to capture natural gas from hydraulic fracturing has led to giant compressor stations alongside backyard swing sets, drilling rigs in sight of front porches, and huge flares at gas wells alongside country roads.
Late Thursday, the United States Coast Guard reported that they had successfully scuttled the Ryou-Un Maru, the Japanese “Ghost Ship” that had drifted into US waters after being torn from its moorings by the tsunami that followed the Tohoku earthquake over a year ago.





























