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Potential 9 billion dollar impact for Illinois via fracking

E

ex99

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http://www.chicagobusiness.com/arti...-have-billion-dollar-impact-on-illinois-study

I've been slowly hearing more about this in the last month or so. Just found out that it could have a potential 9.5 billion dollar impact on my state. What does everyone know/think about this? What are the chances that drilling could be approved?

I know I'll certainly be doing some research on it but was hoping for other opinions. Close to my area of expertise, I'm an environmental and geotechnical driller. I know my company doesn't have the equipment for this, but that doesn't mean we can't expand to meet demand.
 
ex99 said:
http://www.chicagobusiness.com/arti...-have-billion-dollar-impact-on-illinois-study

I've been slowly hearing more about this in the last month or so. Just found out that it could have a potential 9.5 billion dollar impact on my state. What does everyone know/think about this? What are the chances that drilling could be approved?

I know I'll certainly be doing some research on it but was hoping for other opinions. Close to my area of expertise, I'm an environmental and geotechnical driller. I know my company doesn't have the equipment for this, but that doesn't mean we can't expand to meet demand.
Click to expand...

It depends. If you listen to research and actual science, the jury is still out. If you listen to the environmentalists, its the absolute worst thing ever because of such and such myths that have already been disputed by the research and actual science.
 
The water table for Illinois is extremely close to the surface. The bedrock or hardpack layer of rock will be hard to puncture and contain without significant seapage because the water layers are gigantic in Illinois. If you wanted to explore under coal mines, Id say go for it. Near aquifers and expansive water tables? Id say that was problematic at best.
 
There may be short term profits but you might be having gas coming out of your tap water as a consequence, and that is impossible to fix. Besides, if you look at how the fracking industry is bribing state governments to abuse eminent domain laws to kick people out of their homes, you'll see that it's rife with corruption.
 
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