EU Fracking Boom Becoming Less Likely

Pro-fracking campaign in the global media is fading fast. A year or two ago the extraction method suitable for the Arizona desert was presented as a key component of the EU’s energy security policy by high-ranking officials in the European Commission. Many large corporations that announced an influx of investment into Eastern European fracking projects between 2010 and 2013 are now gradually reducing the scope of their planned work. Their decision was prompted by environmental and political problems that receive insufficient coverage in the industry media. It’s becoming clear that fracking technology can’t be brought to the EU “as is” from the United States.

Recently published data by Rice University, Texas indicates that simple recycling of the tainted waste water is not safe, OilPrice.com writes. A year or two ago supporters of hydraulic fracturing used to preach about “green innovations in the shale revolution” with the passion of small-town televangelists, but now, after the publication of new data, they have switched tactics and simply remain silent about environmental problems. Yet concerned citizens of New York City are more aware.

“Making fracking safe is simply not possible, not with the current technology, or with the inadequate regulations being proposed,”

Louis Allstadt

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