New York's Fracking Ban Is an Example Why the Shale Boom Took Off
The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Michael Olsen and Fool.com contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
New York State has been one of the center points of the fracking debate here in the US. The resistance by local groups has led the entire state to consider a ban on fracking. This resistance has in some ways been a benefit to the industry as a whole. The public's desire for more transparency in fracking has led to new initiatives like Halliburton's drive to create a fracking fluid only using ingredients used in the food industry and the establishment of voluntary disclosure websites like fracfocus.org that lets the public know what companies are doing in a neighborhood near you. Tune into the segment below where Tyler discusses how this has actually made the industry stronger and allowed the shale boom to take off in the US.
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The article New York's Fracking Ban Is an Example Why the Shale Boom Took Off originally appeared on Fool.com.Alison Southwick has no position in any stocks mentioned. Michael Olsen, CFA has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.