Search
 
Commentary

Will Fracking Be 'Regulated Out of Existence' In California?

California is following in the footsteps of New York lawmakers, as the state assembly pushes three bills seeking to ban fracking.

By Christina Bramlet | Updated on May 06, 2013

The controversy surrounding the extraction process known as hydraulic fracturing (or “fracking”) continues to incite fierce debate and some rather odd behavior, including Colorado Gov. John Hickenlooper’s confession to the Senate Committee on Energy and Natural Resources that he drank fracking fluid produced by Halliburton.

Dubbed by some as our “road to energy independence,” fracking has been a major job creator in several states in the western U.S. (including North Dakota) these past few years. Though the practice has existed for over 60 years, the frenetic media attention in recent memory can partly be attributed to this westward expansion. Its allure is understandable, its promise somewhat mind-boggling; the U.S. has an estimated 482 trillion cubic feet (Tcf) of technically recoverable shale gas, according to current figures released by the U.S. Energy Information Administration (EIA). Some of the major shale plays that carry the potential for natural gas extraction through fracking are located in Colorado, Kansas, Montana, North Dakota, Pennsylvania, Texas and New York.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.