I knew there was a reason I didn't watch. There are ideologues arguing both sides of this. Hollywierd opinion leaders may be well intentioned but not very smart or well informed.
Fraking has been around for a long time and is not inherently dangerous to ground water and aquifers as long as well casing integrity is good. The fraking activity is occurring at deeper levels under ground than where the drinking water is.
The thing that has caused fraking to take off is the combination of horizontal drilling & fraking. Waste is always an issue with all drilling and I believe there are recycling water efforts for large fracking operations. I suspect some smaller operations in regions where water is more available may try to dump it carelessly (illegally?).
As with anything regulators need to watch marginal players. The earthquake activity is real but as I have pondered before, does a fraking related earthquake relieve stress on a geological fault with a small generally harmless quake, perhaps preventing a larger later more serious temblor? Of course the minute someone gets injured by a shake that can be blamed on drilling activity the lawyers will have a field day. Note: In some old densely populated areas of Europe they have decided not to frack since the risk of even minor quakes to very old structures was considered not worth the risk.
Our energy policy here seems more like wishful thinking than doing what benefits the country or the world. Imagine how bad employment would be if they were successful at shutting down all fracking? IMO we should be trying to ramp up energy exports to europe to dilute Putin's energy influence there. Warren Buffet and Charlie Munger for Berkshire hathaway (smart investors) have a longer term view against exporting oil, because later when everybody else runs out of oil we will still have ours, and it will be worth a lot more in the future. That said as the price of energy increases we are more inventive and willing to invest in advanced extraction methods. I just saw a note today where the lowered the estimate for oil/gas under monterrey deposit because of limits of current technology, but expect future advances to be able to reach all that energy.
If/when we get to the point where we are capable of exporting energy do we still need a strategic oil reserve?
JR