Obama’s Possible Effect on Calgary

Fracking may spell doom for Alberta’s economy if the Obama administration pushes ahead with this technology, says Ald. Gael MacLeod.

“These new technologies like ‘fracking’, which will allow the Americans greater self-reliance on natural gas,” she said.

Fracking involves the injection of highly pressurized chemically treated water into deep shale formations at pressures of more than 9,000 PSI to widen existing cracks allowing hydrocarbons, namely natural gas, to flow freely to the surface via pipeline and well-site construction.
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“What will happen is, if Obama pursues this technology, the U.S. will not be as dependent on Alberta’s oil, thus Calgary, a major centre for Alberta’s oil future, will experience a major hit,” said MacLeod.

 

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