Fracking - is the boom about to go bust?

[JPZenger]

2. Slowed down new wells, but still producing existing wells

The boom in the construction of new gas wells has certainly slowed because the increased production caused a glut in the market, which dropped prices. The existing wells are still producing.

The industry is now trying to do everything it can to export the fracked gas overseas, where they can get much more money. They need permission from the Obama administration to export gas to countries that do not have a free trade agreement with the US.

Exporting involves liquifying it, which has its own hazards. Dominion Energy is building a big expanded facility south of Baltimore for exports, and there also are some export ports being built on the west coast.