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The Water Cooler
General Discussion
What's Beneath the Marcellus Shale Reserve?
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<blockquote data-quote="Hobbes" data-source="post: 1932950" data-attributes="member: 3371"><p>I'm glad you chimed in. Is this true?</p><p></p><p>In 1975, the Department of Energy began funding research into fracking and horizontal drilling, where wells go down and then sideways for thousands of feet. But it took more than 20 years to perfect the process.</p><p>...</p><p>Congress passed a huge tax break in 1980 specifically to encourage unconventional natural gas drilling, noted Alex Trembath, a researcher at the Breakthrough Institute, a California nonprofit that supports new ways of thinking about energy and the environment. </p><p>Trembath said that the Department of Energy invested about $137 million in gas research over three decades, and that the federal tax credit for drillers amounted to $10 billion between 1980 and 2002.</p><p></p><p>The work wasn't all industry or all government, but both.</p><p></p><p><a href="http://www.google.com/hostednews/ap/article/ALeqM5hTT_7gB-uFSPu3n2u7vfY9qjsvFw?docId=b9be5847ffce4c6e906f9074219fffc9" target="_blank">http://www.google.com/hostednews/ap/article/ALeqM5hTT_7gB-uFSPu3n2u7vfY9qjsvFw?docId=b9be5847ffce4c6e906f9074219fffc9</a></p><p></p><p>That's the DoE that we're going to get rid of by the way.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 1932950, member: 3371"] I'm glad you chimed in. Is this true? In 1975, the Department of Energy began funding research into fracking and horizontal drilling, where wells go down and then sideways for thousands of feet. But it took more than 20 years to perfect the process. ... Congress passed a huge tax break in 1980 specifically to encourage unconventional natural gas drilling, noted Alex Trembath, a researcher at the Breakthrough Institute, a California nonprofit that supports new ways of thinking about energy and the environment. Trembath said that the Department of Energy invested about $137 million in gas research over three decades, and that the federal tax credit for drillers amounted to $10 billion between 1980 and 2002. The work wasn't all industry or all government, but both. [url]http://www.google.com/hostednews/ap/article/ALeqM5hTT_7gB-uFSPu3n2u7vfY9qjsvFw?docId=b9be5847ffce4c6e906f9074219fffc9[/url] That's the DoE that we're going to get rid of by the way. [/QUOTE]
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What's Beneath the Marcellus Shale Reserve?
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