SOURCE: Industrial Info Resources

Industrial Info Resources

August 15, 2011 06:20 ET

DoE Panel Recommends Changes to Improve Hydraulic Fracturing, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 15, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A U.S. Department of Energy (DoE) (Washington, D.C.) panel said that a variety of operational, regulatory and communications steps could be taken to reduce the environmental impacts of hydraulic fracturing, or "fracking," and lower public concerns about the process. The panel's report, released August 11, was immediately criticized by environmental organizations. Energy-industry trade groups, on the other hand, gave it a wary reception, neither criticizing it harshly nor warmly embracing its findings.

Shale gas production could reach 45% of domestic gas production by 2035, according to the U.S. Energy Information Agency (EIA), the statistical branch of the DoE. The shale gas revolution "has brought lower prices, domestic jobs and the prospect of enhanced national security due to the potential of substantial production growth," the report noted. Businesses and consumers have benefitted from lower natural gas costs and reduced upward pressure on electricity prices.

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