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IPFS News Link • Energy

The Big Fracking Bubble: The Scam Behind the Gas Boom

• Common Dreams staff
 A profile of billionaire natural gas tycoon, Aubrey McClendon, by Rolling Stone's Jeff Goodell is out today and it paints a frightening, if not complex, picture of one of the men profiting most from the nation's insatiable appetite for fossil fuels
Speaking to Goodell over a $100 glass of Bordeaux, McClendon, who is CEO of and co-founder of Chesapeake Energy, challenges the objections to the gas extraction practice known as 'fracking' in which huge amounts of pressurized water and chemicals are pumped down deep into shale formations in the earth to unlock trapped natural gas, forcing it to the surface. "Where is the mushroom cloud?" McClendon asks. "Where are the dogs with one leg? Where are the people that have been maimed or hurt?"

He is referring to environmentalists and homeowners who claim that fracking is inherently dangerous and underregulated and that is leads to contamination of drinking water supplies and creates enormous amounts of surface waste in and around the communities where drilling operations exist.