Fracking Industry Keeps Eye on Obama; EPA Report Could Doom its Future

The drilling process that has brought U.S. energy independence within reach faces renewed scrutiny from the Obama administration and an uncertain future in many states.

Oil and gas industry leaders remain enthusiastic yet cautious that hydraulic fracturing, commonly known as “fracking,” will be fully embraced by the newly re-elected President Obama and state leaders.

Fracking is a controversial but highly successful practice that has unlocked massive amounts of fuel. Endorsements from Mr. Obama and state leaders would make fracking the cornerstone of U.S. energy policy for decades to come.

Industry leaders won’t have to wait long for their first clue to what the future holds.

Next month, the Environmental Protection Agency is expected to release a draft of its long-awaited report on suspected links between water pollution and fracking, which uses huge amounts of water, combined with sand and chemical mixtures, to crack underground rock and release trapped oil and gas.

Read more at PeakOil.com.

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