immediatelling for an ban on shale gas. are delivering it from all regions. >> i think committees are quite right to be very worried about the impact of drilling and fracking. we know that there are real risks of water pollution, for example. what we are talking about here is potentially a huge number of wells. in some cases, we're talking about 3400, sometimes in incredibly sensitive areas. in scotland, these local residents are using both traditional water pollution, air pollution, and also fugitives -- fugitive methane emissions. >> this farmer is concerned despite living a considerable distance from the proposed development. >> is all part of one big landscapes system with the mountains to the north and the national parks to the west. it is difficult to separate out what is going on. this is quite in landscape context. >> the potential impact on the region's farmland has also worried committees living near to castro and operations. >> my biggest fear is that this and itd is a green area is a very important area. we dist

>> guest: the production surge in the united states, both on the shale gas side now and oil and shale oil side as well as conventional and offshore production puts us into a better place. we thought u.s. production peaked in 1970, and looking to be risk adverse, demand growing, resource scarce, and now we flipped that. we have potential, the highest level in 20 years, the number one or two gas producer in the world, a net gas exporter rather than an importer by the end of the decade, a major transformation. >> host: the phones, hearing from the callers, gene joining us from maryland. hi, gene. >> caller: yes, it appears one of the things we might do with the increase the production in natural gas is to use it to produce ethanol as israel is planning to compete against rising prices of gasoline. it's a fact that china, for about eight years now, produced ethanol to use in cars from coal. unfortunately, their process is polluting because it burning coal to drive the process. there is a process in johns hopkins, using a clean coal project, and produces twice as much ethanol per ton of co

. >>> coming up, america's shale boom.om corbett tells fox business how nat-gas exploration is surging. he joins tracy byrnes and ashley webster next. you don't want to miss it. [ shapiro ] at legalzoom you can take care of virtually all your imptant legal matters in just minutes. prott youramily... d launch your dreams. at legalom.com we put the law on your side. d launch your dreams. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, to the only underarmosterone, low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axs not fouse in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. repohese symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects cou

coming up america's shale boom.and ashley webster talk about the next surge in production. they will take you through the next hour here on fox business. you doesn't want to miss it. my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. [ mike ] when i was taking the chantix, it reduced the urge to smoke. [ malennouncer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop taking chantix and see your doctor right away as se can be life-threa

when you're looking at opportunities in shale, you're not looking at shale exports per se, but you thinkl be lots of other spin-off businesses around -- i suppose shale service businesses. is that a way to describe it? >> yes, that's right. there already are. if you look at conventional gas, you don't need any water to extract gas from the rock. if the zbas trgas is trapped in shale, you need a large amount of water. >> where is the water coming from? >> that's part of the problem, coming from a long way away or coming from ground resources that maybe on the verge of depletion. that's a big problem. then you have to put lots of chemicals in the water to make sure that the fracking works effectively. chemicals then need to be treated if the water is disposed of safely. >> this is all so -- so what sort of companies then are you looking at that are managing these -- these services? >> it is three types of companies. the companies that are actually putting the pipes in place to supply additional water, stocks like aqua america. the companies that provide the pumps and if you like the compon

in addition, these are sandstone and shale. they have been uplifted and faulted and put into the position they are in today. on the cliff face, you can see the bedding of the shale. there are vertical cracks that filled the water and plans is growing. -- and plants are growing. the cumulative effect of the fresh cut with the debris sitting on the ledge, luckily we have a chance there to protect us from rocks going on the street. >> this is one type of rock salt and we will look at a few others. what will we see? >> i think it would be appropriate. we have been talking about rock salt. there is instability that occurs at telegraph hill. this was more in the earth flow and debris flow kind of movement. this moves downhill as a result of the rations from the earthquake. that is where we are headed next. >> here we are on the next stop of our landslide for parent though this is the lagoon ouna a area. this is different from where we all were just add on telegraph hill. this is a whole different concept. tell us what we have to. we

a technique to break up the shale. fracking has been around for years but new techniques keep making it easier because it can get hold of the gas that lies deep underground. then, to turn the drill horizontally and run it right through the layer of rock. the aim, to get a tiny fissures in the rock. millimeterss than a of rock. inside of them are molecules of gas inside. there were chemicals, they are pumped in a high-pressure. this is to widen those fissures. there are tiny grains of sand that are added to the makes and they are designed to hold the cracks open. what it has done is to release the gas. it is then flushed along through the drill pipe and back up to the surface. new research is enhancing how this process happens all the time. it means that the gas boom is underway. amid ass of machinery swarm of pipes. the process is about to begin. of the the heart operation, you need fireproof clothing. they mix the water, the chemicals. , a high-pressure along the pipes after the down into thehen rock to fracture it do

natural gas market due largely to the development of natural gas from shale formations. unlike the immediate benefits that american consumers and businesses have seen from low natural gas prices, at the gasoline pump, it's been pretty much business as usual. while us economy may be benefiting from declining oil imports, prices at the pump have remained consideration tently high. for years, a number about representatives in the oil industry have told the american people that u.s. gasoline prices are at the mercy of world oil prices. that was basically the case because of our dependence on imported oil. new oil supplies from america have turned that dynamic on its head. some regions of the country like the midwest that have access to the lowest-priced crude oil have some of the highest refining margins in the nation. our committee is going to explore on a bipartisan basis why so many consumers have not benefited from these new, lower cost sources of crude oil. in addition to the changing natural gas market, our country is going through a dramatic shift in oil and gas produ

the utica shale in new york would erase the new york deficit. we're not sticking one drillit in that either. we have oil all over this country. we are not tracki fracking anyw because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environment studies on the keystone pipeline. all are clean. we aren't doing it for what reason reason. who knows? >> steve, maybe you know. >> i'm with anwar and keystone pipeline. but with fracking causing earthquakes increighing threefold you'd be careful toing th in cal kpal. >> tracy, go ahead. >> brenda, i think one piece we're missing are state taxes. this piece of the gasoline price is not going away. that will continueo go up. couple that with gasoline prices going up higher than our wages. that's the bottom line. >> gary v, it will have an impact on the economy, don't you think? >> absolutely. you know, i want to get back to the point that jonas was making. you know, while we're

if the president comes out and does something about this and goes after the shale bshdy the way, there's about a trillion barrs there, the psychogy of the markets change, prices come down and everybody is happy. >> we're already getting shale oil. we had the biggest increase in the world in this country, more than a million barrels add add a day. >> maybe those prices keep going down as a result. >> and the biggest in our history. what will happen? we do need more pipeline. that's one of the reasons that you have not seen this translate into a decreasen gas prices. and in part, because you need the infrastructure, you need the pipelines from the oil fields to the refineries. >> well, turn around the media perception of this. is it fine, then, that we do celebrate good news where we can find it because this is at least better news? and it sure beats prices -- >> america has become accustom to celebrating mead diocracy. george bush's best friends were saudi arabian princes, he was trying to hurt the average american, dick cheney was orchestrating the whole thing. under president obama, it'

it's called the montrae shale.f bakers field and contains 15 billion barrels of oil, 2/3 of the country's known reserves of shale oil, that is why there's a new law to closely monitor and closely regulate fracking before the oil boom begins. >> i am fourth generation to live here. >> after decades as a high school teacher, tom retired four years ago to the orchards where his father, grandfather and great grandfather farmed before him. now, along with the almonds, and fruit trees they have seen another growth in the fields. oil riggs. >> we have never had it like now, right in the middle of the ag ground here. it's like an invasion of saudi arab arabia. >> what is troubling tom and his neighbors is the type of oil drilling that is used in the fields. hydraulic fracturing, commonly known as fracking. >> i'm afraid of ground water c contaminati contamination, they could have a failure of the well that could contaminate this area. >> fracking techniques have raised other health conditioners among residents all over the

crude will slip by 300,000 barrels per day as fracking and other drilling techiques uncover oil from shale. executives at british drug maker glaxo smith kline have confessed to a massive corruption scandal. executives admitted to bribing doctors, hospitals and government officials in order to boost drug sales in china. a spokesperson for the company says it is cooperating with the

. >>> supply of gas is booming because of fracking and shale. but may not save us from the monstrous demand the government is forecasting just around the corner. we'll explain. do you ever have too much money? ♪ [ male announcer ] the mercedes-benz summer event is here. now get the mercedes-benz you've always dreamed of. but hurry...because a good thing like this won't last forever. here you go, honey. thank you. [ male announcer ] see your authorized dealer for anncredible offer on the exhilarating c250 sport sedan. ♪ if then schwab is the placeing your trato trade. higher level, tdd#: 1-800-345-2550 call 1-888-577-5750 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn w you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart edge. tdd#: 1-800-345-2550 we put it in the cloud so you can use it on the web. tdd#: 1-800-345-2550 and trade with our most advand

the new base and could produce 27 billion barrels of shale oil. and that can help the energy deficit. >> this is a solution. you cannot let companies just operate as they please. there are regulations. >> they told aljazeera that operate within international and regular organizations. also with the local community. not believe the company will help them. they do not have titles for their land, and even if they do, the argentinian law says that the hydrocarbons belong to state authority. >> she has more immediate problems, how to feed her family of 10 and how to make the water last four months. and if the energy companies try to come back, she is ready. aljazeera, argentina.

shale gas, manufacturing, from the industrial standpoint, it's struggling at this point and it has been year, and it continues to try to struggle to rebound, but that primary metal side of things is really having an impact on us, and that is driven by the world market and everything else. >> one of the things that i happen to like, alcoa, but there's a huge glut in aluminum, at this levels, there's a glut in steel, and there's a glut in anything that you need for raw stuff to be able to build. your area seems to be much more levered to commercial construction than i thought. >> there's certainly a significant piece, we are a third industrial manufacturing, a third commercial and a third residential over our 11 state footprint and the key thing to consider though from a financial standpoint, the margins in the industrial sector for our business are significantly less than the commercial and residential margins, but it's particularly important though that the industrial and manufacturing has sustainable progress to make sure the commercial and residential continue to thrive. it is a diffe

the high level-- inventories and the shale boom. we're pushing africa barrels out to asia, to the very soft market that you referenced. so my thesis is that we are nearing a tipping point where the supply situation will, in fact, overwhelm the worries of the middle east and other concerns out there, but it's not here yet, and it's down the road, but i can see a future towards the end of the year or maybe next where that's the new dynamic. >> in the near term, this situation in egypt, what could it do to supplies and the supplies going through the canal and all of that? i mean, how worried should we be about that and what could it mean for prices? >> more so than we otherwise would because we had outages persisting now in libya. the arrub spring hasn't gone away, in libya and iraq. there was a significant bombing on tuesday in baghdad that reminds us that that production there is very much hanging in the balance. so that security that we talked about so much over the years, holding up the price in the 90s towards 100 whereas with our

this oil came frommed bakken shale site.ineries can be seen from space in an area that was baron just six years ago. the public safety for bakken oil -- north dakota boasts the largest unemployment rate in the country. bakken shale represents a vision of american oil independence. as we see this week, to the north, it poses risks that are as mighty as its rewards. joining me now is former senator and democrat from until north dakota, chairman of the senate subcommittees on aviation, appropriations, water, policy and affairs. a senior fellow of the bipartisan center. he's written a new book called gridlock of thriller novel. which is an oxymoronic play on words. senator, let me begin with you. the bakken boom, which is the oil that ended up in this town that i never heard of in canada, blew it to smithereens. it is just transformed your state. it's completely transformed your state. do we have the regulatory infrastructure in place to deal with the explosion that we have seen in oil coming up the bakken reserve? >> well, firs

we g the shale gas out now. right n natural gas is $4. you if you go to jop tan it is , $16 a decatherm. if you juxtapose with the disaster from fukushima and a drift away from nuclear generation, those btus are going to have to be replaced and yet japan has been the vanguard of investing heavily in t methane hydrates located off the continental shelf off their coast. this is potential game-changer, the new shale for asia. melissa: richard, thereis another reason beside the fact asia is starting to look at this because the economics are saying maybe this could make sense down the road. there is idea as the planet gets warmer these may be released on their own and that would be catastrophee. this is sort of harnessing this before it become as problem. is that a fair charaerization? >> no. melissa: you disagree with that >> this is not really preventative medicine. meane is far more powerful green house gas than carbon dioxide although doesn't last nearly as ng in the atmosphere. over a pound of methane traps as much heat as 72 pounds of ca

really driving to mons in these times of economic we're also going to talk about new technologies shale gas you know it's a big topic at the moment for a time indeed as well as what with the environment how to protect it as well as produce oil and gas at the same time so a lot to be chatting about marina of course well you just mentioned shale gas and as one of the hot topics there so tell us about the countries that will be attending that we've got some some big players we're going to have cats are wrong nigeria but this way we've got egypt coming into town to moscow we've also got the lead as you say of venezuela joining us here today as well as the leader of iran. and if you're not just here in the blue on the map these are the member states right here in the orange you've got we have got the likes of norway just up there you've got iraq as well and all together with the blue in the orange. and you got sixty two percent of the world's natural gas resources so they've got the dominance at the moment but it's all about keeping that dominance absolutely well as we see those are the coun

ashley: america's shale boom. special week-long series looking at the nation's push for energy independence. we're almost there. legendary investor t. boone pickens joins us with his plan to relief the pain at the pump by getting the u.s. off opec oil and on to natural gas. tracy: and we're going to talk to an energy fund manager who has three stock picks that can make you money today off of america's energy future. you can't afford to miss this. ashley: first though, time for a look at these stocks. let's head down to nicole petallides on the floor of the new york stock exchange. the dow, drifting slightly lower, nicole, but modest gains for the major averages overall. >> light. so i peeked up just a moment ago, we've been back and forth in positive and negative territory watching not only the major averages but the index of each particular sector. so for right now the nasdaq composite and the s&p are posting some gains. the dow is pulling back slightly and we'll blame mcdonald's for that which i will get to in a

to come out of the summit given its busy and serious agenda well right now i'm thinking it's about shale gas and we know that the u.s. has got a surplus of supply at the moment and that means that gas prices a fairly low in the us at the moment and that's why they're on the verge of becoming a big exporter of gas particularly to the likes of europe where you're going to going to pay five times more for your gas gas what is it all about let's have a look at the process just here so this is how you get it you dig deep underground and you find your shale rock and then what happens is as you can see it's going sideways in this instance just here and then inject water. chemicals at huge pressure plummeting in just here and you get these fissures come out and in these fishes all the bubbles of gas which make their way up to the surface and that's how it can be extracted but the reason why events environmentalist are concerned right now is because you just saw the process and you can see that water can get contaminated in the process of producing show gas. are ok thanks very much indeed for tal

with that but there's so many issues with fracking even up in the in the oil plays in the bach and shale where we've seen a huge increase in fracking a decade ago north dakota is producing eighty thousand barrels of oil now they're producing eight hundred thousand barrels of oil but they're also producing natural gas there but because they don't have any infrastructure they're flaring off or burning off thirty percent of the eight hundred fifty thousand cubic feet and that's why you can see in satellite pictures from outer space north dakota it's generating so much heat and light from the burning off inefficient burning off of that natural gas that you can see north dakota from outer space it looks as big as new york city that's terrifying and it isn't and that's all natural it's all greenhouse gas emissions which is serious which is doing serious damage to the plant everything you've just outlined goes completely in contradiction to what obama just said at this climate change speech he kind of just dispelled everyone's fears said you know and so it's all good what does that say i mean w

this is potential game-changer, the new shale for asia. melissa: richard, there is another reason beside the fact asia is starting to look at this because the economics are saying maybe this could make sense down the road. there is idea as the planet gets warmer these may be released on their own and that would be catastrophee. this is sort of harnessing this before it become as problem. is that a fair characterization? >> no. melissa: you disagree with that? >> this is not really preventative medicine. methane is far more powerful green house gas than carbon dioxide although doesn't last nearly as long in the atmosphere. over a pound of methane traps as much heat as 72 pounds of carbon dioxide. potency declines over time but over a century it is 25 five times more powerful than carbon dioxide. you don't want to accidentally or deliberately release a lot of this stuff into the atmosphere right now. melissa: no. >> public health implications of that, global sea level rise, flooding, human catastrophes are a very real possibility. so you don

oil and gas at the same time so a lot to be chatting about marina of course what you just mentioned shale gas and as one of the hot topics here is so tell us about the countries that will be attending the deal we've got some some big players we're going to have cats are nigeria better swale we've got egypt as are all coming into town to moscow we've also got the leader as you say of venezuela joining us here in moscow today as well as the leader of iran bug area and if you look just here in the blue on the map these are the member states right here in the orange you've got the observers you've got the likes of norway just up there you've got a rock as well and all together with the blue in the orange combined you've got sixty two percent of the world's natural gas resources are i suspect that show gas will be on top of the agenda right here because we know that it's taken the gas market in america by storm and at the moment so much though they've got a supply that means that prices a fairly low in america right now actually in europe begin to pay five times more and that's why the u.s. ar

with that but there are so many issues with fracking even up in the in the oil plays in the bokken shale where we've seen a huge increase in fracking a decade ago north dakota is producing eighty thousand barrels of oil now they're producing eight hundred thousand barrels of oil but they're also producing natural gas there but because they don't have any infrastructure they're flaring off or burning off thirty percent of the eight hundred fifty thousand cubic feet and that's why you can see in satellite pictures from outer space north dakota it's generating so much heat and light from the burning off inefficient burning off of that natural gas that you can see north dakota from outer space it looks as big as new york city that's terrifying and it isn't and that's all natural that's all greenhouse gas emissions which is serious which is doing serious damage to the plant everything you've just outlined goes completely in contradiction to what obama just said at this climate change beach he kind of just dispelled everyone's fears said you know and so it's all good what does that say i mean

they lift the liquid and/or gas out of the ground through artificial lift, after the shale works on itthe stock is 13 1/2. wft is the symbol. 800 million shares, a good business and a bad business. we would like to see them sell the bad business. monetize some aspects of the good business. you have a stock that could be doubled. they have some issues, a lot of warts they bring to the table. but it's worthwhile looking at, and today we'll know -- >> the stock has come back here ahead of the earnings as you saw there. >> well, what we're looking for is a cleanup in the foreign corrupt practices act. they made blunders offshore. they've had accounting issue, some tax issue, but though have some fairly wonderful businesses. and just get an activist -- not me, but an activist to focus on it and you can get a fairly significant lift in the stock, not artificial either. >> got it. the mind is always working, isn't it? >> thank you, mario. great to have you on -- >> you guys are inspirational. >> get him started, he's going to make -- by the way, how come you don't have a check mark on your tw

horizontal hydraulic fracturing or fracking is a practice that involves the extract of natural gas from shale rock critics say it has damaging side effects both to the environment and human health however supporters say that fracking is a great alternative to dirty energy so to break through some of the rhetoric i'm joined by consumer advocate and director of public citizen's energy program tyson slocum thank you so much for coming on just my pleasure so the choice of proponents of fracking say. spend it'll create jobs it's a great way to wean ourselves off dirty energy what's the response well there's no question we've seen a huge fracking boom in this country there are a lot of people employed in the industry but it's not a benign resource the fact is that it's highly polluting that the fracking procedure used for both natural gas and crude oil extraction results in significant threats to contamination to local water supplies there's an increased rate of methane emissions at natural gas drilling sites and methane is an even more dangerous greenhouse gas source than c o two and so when you p

in pennsylvania, they've drilled about 6,000 wells into the shale. it covers 3/4 of pennsylvania, half of new york half of ohio, all of west virginia. so 6,000 wells. now we know that a thousand families have petitioned to the environmental protection about wells. the projection for pennsylvania is 200,000 wells. the projection for new york state is around 100,000. we're talking about one to two million wells projected in the united states. to fulfill this massive drilling effort. that's at the top end one well per 150 people. that's drilling the united states into swiss cheese. when we're talking about creating and keeping our standard of living, the perception a lot of the time is renewable energy can't get us to what we're used to in terms of energy uses. that's not true. it is the opposite. if we continue to drill like crazy, if we finance to go down -- if we continue to go down this pathway of extreme energy fracking, mountain top removal, deep water drilling for oil as we saw horrific results in the gulf of mexico, that's the way we start to di

>> coal and shale has tremendous quantities severed the -- a radioactive material so some of that comesup comes the radioactive materials a you deal ith that waste? >> yes. we take radioactive waste and treat it and work with utilities, department of energy and the shale industry. we put it in a form that can be disposed of. stuart: when i think of waste that comes out of the ground i think of chemical and the waste water but not radioactivity. is that a relatively small part of the waste that comes out? >> it is a small part but it exceeds all linnets sing when you have waste coming out that has heim levels back to the marcellus shale. look at the big picture. it has revolutionized the industry in the united states. it is a problem that can be dealt with you have a very finite amount of material the drillers know about it and they are doing what they can to reduce it. stuart: does it cost a lot? when you fix the radioactive waste does that add to the cost of the natural gas that comes out of the ground? >> of course, it does. at this point it is very hard to have a solution because all

coming up the america's special report on the shale boom.s been good to natural resources but thomas farrell says there is a risk to switching too much too soon. he will explain all that next. dennis: first is how the dollar is moving against other currencies. ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> at 19 minutes past the hour i'm arthel neville with your fox news minute. britain's new prince is named prince george of cambridge. the royal baby's full name is george alexander louie. according to kensington palace he will be known as his royal highness, prince george of cambridge. this time the bookmakers had it right. george was the favorite among betters. james was second. >>> the white house is seeking clarity

expanding on our shale and our oil.ow about creating more jobs by putting u some tariffs against chinese. charles: i for one just look forward to the speech for we talk about how great we are, for we have come and how we will go. thanks a lot. you're fantastic. tax reform sending a lot like tax hikes. the latest democratic bush to push taxes went up. first, snooping from this guy and going to your e-mail. charles: the president is not caing it anything. the administration really does not have to determine whether the mess in egypt is a government takeover or not. we will just keep sending that country over a billion dollars in aid but. we need tout the funding. congressman, and i think we have to label something, and this seems pretty obvious that there was an overthrow the democratically elected governments. >> i think you're right. that is pretty obvious. if we have a proper size government, one living within the law on following the nstitution this argument to be irrelevant. it would be much easier to say that no one

expanding on our shale and our oil.ow about creating more jobs by putting up some tariffs against chinese. charles: i for one just look forward to the speech for we talk about how great we are, for we have come and how we will go. thanks a lot. you're fantastic. tax reform sending a lot like tax hikes. the latest democratic bush to push taxes went up. first, snooping from this guy and going to your e-mail. [ male announcer ] the mercedes-benz mmer event is here. now get the unmistakable thrill... and the incredible rush... of theerdes-benz you've always wanted. ♪ but you better get here fast... [ girl ] yay, daddy's here. here you go, honey. thank you. [ male announcer ] because a good thing like this... phew! won'tast forever. mmm. [ malennouncer ] see your authorid dealer for an incble offer on the exhilaratin c250 sport sedan. but hurry offers end jul31st. charles: the president is not calling it anything. the administration really does not have to determine whether the mess in egypt is a government takeover or not.

the mud turned into shale.hat has happened with high fracturing, it has opened up that undersea area to exploration, which before was being done by searching for particular formations where the rocks were in such a way that it look like a trapped some gas and drilling for that. instead of drilling underwear -- and still there -- instead of drilling everywhere. hydro-fracturing is revolutionary. gooda country that has a deal of gas may not have anywhere close to as much as it could have if it would do the fracking. i would be glad to talk about why i think fracking can be managed, only you have to be careful about what you are doing. it can be managed in such a way to be environmentally sound. the thing about hydro- is that it opens up so much more to the person who is drawing the gas out that it drives the price way down, and i think something else that has an effect here and is very common in the u.s., but rare outside here, is the mineral rights to oil and gas underneath your property are largely the property