“Fracking” may sound like something out of Battlestar Galactica, but it’s actually short for “hydraulic fracturing.” It is one of the most remarkable success stories in the history of the energy industry and its ability to open up previously unprofitable oil and gas resources in North America, Europe and China holds the promise of centuries of cheap, clean and abundant energy free of Middle Eastern control. However, it has raised the concerns of some environmentalists. Chimera Energy Corporation of Houston, Texas, has announced that they are licensing a new method for extracting oil and gas from shale fields that doesn't contaminate ground water resources because it uses exothermic reactions instead of water to fracture shale. .. Continue Reading
Chimera Energy develops fracking technique that uses no water
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