picture: seekingalpha.com
Expansion of the National Petroleum Reserve in Alaska get's the "OK" from President Obama. At the same time, House Republicans are passing oil and gas legislation at record rates. So far this term, the House has passed four pieces of legislation that would make it easier for oil and gas companies to conduct natural gas exploration.One of the most popular ways of extracting natural gas in the Marcellus Shale is by using the hydraulic fracturing method ("fracking") --- a method where a mixture of sand, water and chemicals are used to fracture the bedrock, allowing pressurized natural gas to escape. Fracking is controversial because of the several environmental and social consequences that are attributed to it.
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