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This is not overly new at all. It was somewhere around 1990 when i heard about it for the first time. Technically there is a lot of oil locked up in shale rock. It is also costly to get and fracking is not the great idea some claim it to be. If the technology is improved it may be far more efficient, but it still seems to have problems. It pollutes local water tables with chemicals. It is destructive to the rock formations and may increase the likelihood of earthquakes. The water issue is obviously a problem for farming areas that rely on wells that could be polluted by the process. The eathquake thing would cause it to be problematic in areas with faults or potential underground magma flows. It's long term effects have not been studied very much. I just have a general mistrust of oil companies doing the safe and proper thing, for example BP who dumped millions of gallons of crude into the gulf because they disregarded safety, then forced people to help clean up the oil without safety equipment if they wanted recovery money, and then said bacteria ate up all the oil only to have it washing up on gulf shores after hurricane isaac this year. These are the people we are going to give license to explosively jam hazardous chemicals into rock that contains our drinking water?
I know no one is going to stop the quest for oil until we are all covered in black cancerous sores, but it might be nice if we stopped letting our greed get the better of us and did something like make sure it is safe and not let the modern oil dip****s anywhere near the process. Oh well, the impact in thirty or so years is really not my problem anyway. Enjoy your cancer kiddies it is the gift your loving caring greedy lazy fat ass parents are giving you. All because they don't want to pay extra to drive their 2 MPG hummer to the store to buy a coffee.
You are so ignorant of the facts that to try to correct you would be pointless. You havent bothered to even know rudimentery facts so the only point I am going to make is you are so uneducated to them as you make yourself look foolish at best. I would suggest actually going to wikipedia to at least get a rudimentry understanding of what you are talking about, because as of now, you have absolutely NO clue.