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Fracking s Dirty Water Problem Is Getting Much Bigger

DeSmog While fracking for oil and gas in the U.S. has contributed to record levels of fossil fuel production, a critical part of that story also involves water. An ongoing battle for this precious resource has emerged in dry areas of the U.S. where much of the oil and gas production is occurring. In addition, once the oil and gas industry is finished with the water involved in pumping out fossil fuels, disposing of or treating that toxic wastewater, known as produced water, becomes yet another problem. These water woes represent a daunting challenge for the U.S. fracking industry, which has been a financial disaster, something even a former shale gas CEO has admitted. And its financial prospects aren’t looking any rosier: The industry is facing another round of bankruptcies as producers are overwhelmed by debt they are unable to repay.

Natural Gas Price Fundamental Daily Forecast - Facing Resistance Inside $2 802

Add to Bookmarks Natural gas futures are edging lower on Tuesday after running into resistance earlier in the session. The market continues to be well-supported by near-record export demand and driven higher by calls for intensifying cooler temperatures. Today’s early price action, however, suggests the weather-related news may have been fully-priced into the market. This could lead to a short-term pullback. At 14:12 GMT, June natural gas futures are trading $2.803, down $0.015 or -0.53%. Advertisement Start Trading Short-Term Weather Outlook According to NatGasWeather for April 20 – April 26, “Several colder than normal weather systems will track across the U.S. through the weekend with rain, snow, and chilly lows of 20s to 40s for strong national demand, coldest over the Rockies, Northern Plains/Midwest, and interior Northeast. The southern U.S. will also see bouts of showers, although still mostly comfortable with highs of 60s to 80s. The West will be warm with highs o

Natural Gas Price Fundamental Daily Forecast - Traders More Focused on Heating Demand than EIA Report

Natural Gas Price Fundamental Daily Forecast - Traders More Focused on Heating Demand than EIA Report
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