Fracking, as it is commonly known, has been blamed for poisoning nearby wells. Fracking fluids are believed to contain benzene, ethylbenzene, formaldehyde, methanol, naphthalene, polycyclic aromatic hydrocarbons, toluene, xylene, boric acid, hydrochloric acid, isopropanol, and diesel fuel.
“Right now we think we can get huge quantities of gas through the fracking process and produce it at something like $4 per 1,000 BTU,” Rowe said, compared to $8 to $10 for nuclear power or wind or $15 to $20 for solar.
Hydraulic fracturing wells extract gas by injecting water and chemicals into shale formations deep underground, shattering the shale to release trapped gas.
Wind and nuclear power won’t be able to compete with gas for at least 5 to 10 years, Rowe said, and coal is a “bad technology” even if it is “cleaned.” With coal, said Rowe, “You’re constantly rebuilding a really archaic system.”
TVNL Comment: Why is solar so expensive? Why can't a "bailout" be given to this clean energy technology? Why can't a Manhattan project be started to research the most efficient solar technologies? Why can't the government put $700 trillion into this technology and bring the price down so we don't have to deal with the environmental dangers of burning fossil fuels or nuclear waste?