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Hydrofracking: Risks and Rewards


Tuesday, October 29, 2013 7:00PM - 8:00PM


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The meaning of North American energy independence and how to achieve it has been a hot topic of debate for years. The oil crisis of 1973 brought into focus the stark reality that the US was reliant on other nations for access to oil. Determined to prevent similar incidents, the Strategic Petroleum Reserve was created in 1975 and today the US has the capacity to hold up to 727 million barrels of emergency fuel. Though it sounds like an immense amount of oil, it equates only to an estimated 36 days of use. So the search for an alternative, safe, clean and affordable domestic source of energy has continued. Scientists had known for years about natural gas trapped in a dense layer of sedimentary rock - known as shale - buried a mile or more underground all over the country. The problem with shale gas was it was too difficult to access; a problem solved by "hydrofracking", commonly referred to as, "fracking". A little over a decade ago scientists created a process to inject water under high pressure into shale, breaking it and releasing trapped gas and oil. Shale gas is cleaner than coal and oil. Fracking has created jobs, lowered emissions, kick-started industry and for the first time in decades created an energy surplus in the US. However, fracking comes with its own environmental costs. Inspired by his previous book, The Ripple Effect: the Fate of Freshwater in the Twenty-First Century, author and journalist Alex Prud'homme began researching the impact fracking has on the quantity and quality of fresh drinking water. The result is a guide that weighs the evidence both for and against fracking. Prud'homme will give an unbiased presentation of the present state of hydrofracking to bring clarity to a debate that, in his words, "has been exacerbated by an absence of hard data and an excess of hyperbole on both sides."


Alex Prud'homme


Terry Vogt
Managing Director, Terra Global Capital



Recorded Tuesday, October 29, 2013

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