This new method of extracting natural resources isn't really so new, though. It originated in the 1940s, but it wasn't until 1998 that it was perfected enough to be an economically viable, widespread technique.
If you haven't guessed it yet, I am talking about hydraulic fracking, or simply fracking for short.
Simply put, fracking is the process of extracting natural gas from shale rock formations deep underground. We have known about this resource for many years, but only recently has it become economically sensible to drill for natural gas.
Fracking involves forcing a high-pressure mixture of water, sand and lubricants sideways into small cracks in the shale, opening up a natural pipeline for the natural gas to escape into the vertical well to be captured and transported to the final user.
The fracking process
U.S. energy independence is no longer a dreamFracking is definitely a positive step on the path to U.S. energy independence. It accounts for about one-third of all U.S. natural gas production. The Energy Information Agency estimates the United States has enough natural gas to last for the next 100 years, creating the potential for energy independence a powerful assumption. In fact, Andy Obermueller, chief strategist of Game-Changing Stocks, says the United States "will run on natural gas" in the next few decades. (He's actually putting the finishing touches on a special report on this topic right now, including the names and ticker symbols of the companies that are set to profit from this trend.) (more)
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