New Jersey Fracking Controversy - My9 New Jersey

New Jersey Fracking Controversy

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Newark, New Jersey (My9NJ) -

To Frack or not to Frack in New Jersey? That is the question since the recent US Geological Survey revealed 900 billion cubic feet of natural gas in New Jersey's Newark Basin Shale Reserve.

Leading expert and geologist Dr. Paul Olsen of Columbia University says he'd like to see energy companies explore the possibilities of fracking - or breaking up shale rock thousands of feet below the surface - in New Jersey. But like many people, Olsen says it should be done safely and with the right regulations.  Olsen said, “Until a company tries we will never know if it’s possible here in New Jersey, but we definitely should try because it could be great for the state and they are already fracking reserves of this size in China.”

Right now, there are definite concerns that not enough is known about the process, especially the new method of horizontal hydro-fracking. While some are concerned it could contaminate NJ's water supply, others say the economic benefits outweigh the possibility of negative effects on our environment.

Governor Tom Corbett of Pennsylvania, says new methods of fracking natural gas sustains 240,000 jobs in his state.  If you were to calculate how much this natural gas could be worth based on current fuel prices - natural gas in  NJ could be worth over 12 billion dollars according to the latest natural gas prices from the US Energy Information Administration. The NJ Petroleum Council has expressed interest in exploring the Newark Basin in the next few years, but will that make it worth our while?

The Newark Basin is the size of an ancient lake, while the Pennsylvania Marcellus Shale reserve is the size of Ancient Ocean. Dr. Paul Olsen says they're tracking lake-size reserves in China, and energy from the Newark Basin could power New Jersey for years.

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