While we here at Via Meadia have generally been bullish on the prospects of hydro-fracking, it is important to note that the technology is still in its infancy and comes with real problems in need of solutions. As the Associated Press notes:
Officials said Saturday they believe the latest earthquake activity in northeast Ohio is related to the injection of wastewater into the ground near a fault line, creating enough pressure to cause seismic activity…A 4.0 magnitude quake Saturday afternoon in McDonald, outside of Youngstown, was the 11th in a series of minor earthquakes in area, many of which have struck near the Youngstown injection well.
Via Meadia has never argued that new technologies are unmitigated goods, and fracking is no exception. Our contention is rather that the technology, properly researched and developed, will make an excellent complement to any sound energy policy. The proper response, then, to the real problems connected with nascent fracking is not to shelve the technique and its incredible potential–as some greens hysterically suggest–but rather to get to work addressing those concerns.Beneficial science rarely arrives on the scene fully formed–it takes persistent effort and diligence for it to be made safe and effective. When it comes to fracking, Via Meadia continues to advocate optimism coupled with rational caution.Drill carefully, baby, but drill.