“Fracking is criticized for water contamination, water waste and — most recently — earthquakes, and if people are going to worry about contamination of underground reservoirs, then the problem lies with drilling itself, not fracking,” panelist and CEO George Kaiser said. “As far as wasting water is concerned, using recycled water in fracking is a viable option. As far-fetched as it may seem, the most imminent concern that fracking may affect is earthquakes, as scientific evidence suggests that it’s possible the water used in fracking may act as a lubricant on faults and cause premature, smaller movements.”
Two main strategic solutions identified were implementing a more diverse market of energy resources in the U.S. (akin to Brazil’s multiple fueling options at filling stations) and adopting policies that allow equal opportunities for all fuel/energy resources in that market to thrive, rather than intentionally attempting to foster some resources and restrict others.
Fallin’s remarks detailed Oklahoma’s role as a major natural gas leader regionally, describing the state’s goal for a “win-win” arrangement with automakers and energy executives to increase CNG vehicle use.
“It’s been a win/win situation for everyone, helping create a marketplace for natural gas, and we’re currently addressing the issue of providing the infrastructure for it through filling stations,” Fallin said. “Through the leadership of retailers here in Oklahoma, we now have 72 public filling stations for natural gas, and almost 100 if you include private stations. Our goal is to have public filling stations every 50 miles by 2020.
“Alternative energy has enormous potential if we find ways to complement it with production of fossil fuels and natural gas.”