From Marin Katusa of Casey Research:
Blackstone Group LP (BX), the world's largest private equity firm, is set to invest $1 billion in unconventional oil and gas projects in North America through a joint venture with Alta Resources, which has cemented a spotlight on fracking.
A U.S. Senate committee has been conducting a hearing on the safety of hydraulic fracturing, as it is formally known. The province of Quebec, the state of New York, and the entirety of France have recently banned the technique. And two new studies claim fracking-derived shale gas is actually worse for the environment than mining and burning coal. With so many claims flying around about this unconventional practice, let's get a closer look at the facts...
Fracking is a drilling technique that involves pumping large volumes of water, sand, and chemicals into deep shale deposits to fracture the rock and free the oil or gas. Drillers seeking to pull more oil and gas from hard rock deposits have been fracking since the 1950s, but in the last decade...
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