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Fracking industry keeps eye on Obama

Posted By -NO AUTHOR- On 11/23/2012 @ 11:54 pm In Money | No Comments

(Washington Times) The drilling process that has brought U.S. energy independence within reach faces renewed scrutiny from the Obama administration and an uncertain future in many states.

Oil and gas industry leaders remain enthusiastic yet cautious that hydraulic fracturing, commonly known as “fracking,” will be fully embraced by the newly re-elected President Obama and state leaders.

Fracking is a controversial but highly successful practice that has unlocked massive amounts of fuel. Endorsements from Mr. Obama and state leaders would make fracking the cornerstone of U.S. energy policy for decades to come.

Industry leaders won’t have to wait long for their first clue to what the future holds.

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