New York fracking ban is bad news shale gas producers

Posted by Rediff: None Given on December 21st, 2014
Rediff: A ban on fracking by the New York state is a small setback for India's largest private firm, Reliance Industries, which has invested $7 billion in US shale gas. On Thursday, the New York state banned fracking for health reasons. It said fracking, with horizontal drilling and chemical-laced water, could increase the risk of cancer, skin rashes, and upper respiratory tract problems. If the rest of the states in the US follow, it could put billions of dollars of investment at risk. Analysts......

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