ABB (ABB) $18.30 Canadian Solar (CSIQ) $18.18 Capstone Turbine (CPST) $0.39 Chipotle Mexican Grill (CMG) $720.43 Daqo New Energy (DQ) $13.78 First Solar (FSLR) $46.77 General Electric (GE) $23.91 Hannon Armstrong (HASI) $18.39 Hanwha SolarOne (HSOL) $1.10 iPatch DJ-UBS Coffee (JO) $19.31 iPath Pure Beta Coffee (CAFE) $13.35 JA Solar (JASO) $7.99 Maxwell Technologies (MXWL) $5.09 NRG, Inc. (NRG) $18.02 NRG Yield, Inc. (NYLD) $16.00 Ormat (ORA) $34.02 Pattern Energy Group (PEGI) $21.94 SolarCity (SCTY) $49.10 SunEdison (SUNE) $11.90 SunPower (SPWR) $22.82 TerraForm Power (TERP) $22.54 Tesla (TSLA) $238.81 TransAlta Renewables (RNW) $11.34 Trina Solar (TSL) $8.40 U.S. Geothermal (HTM) $0.62 Whole Foods Market (WFM) $32.04 Yingli Green Energy (YGE) $0.73

Farming or Fracking

You Can't Eat Natural Gas

Written by Stephanie Ginter
Posted April 3, 2012 at 5:35PM

Previously, the usual bidders at Colorado's premier auction for unallocated water, hosted by the Northern Water Conservancy District, were Coloradan farmers bidding on water supplies needed to produce crops or plant more acres. This year, they're competing with oil and gas industry giants seeking water for drilling and fracking.

Farming and environmental advocacy groups raise legitimate concerns about the lasting negative impacts of fracking.

Gary Wockner, director of the Save the Poudre Coalition, noted that “water first used for agriculture can stay in the hydrological longer, but water contaminated by fracking is generally removed completely [and that] any transfer of water from rivers and farms to drilling and fracking will negatively impact Colorado's environment and wildlife.”

The process of fracking involves injecting a highly toxic chemical mixture of compressed gases containing radioactive minerals thousands of feet underground, forcing the extraction of petroleum and natural gases. And as Wockner alluded to, this procedure permanently contaminates the aquifer, eliminating the ability to obtain drinkable water from the aquifers in that region.

While hydraulic fracturing, or fracking, and other drilling advancements have unlocked vast supplies of domestic natural gas, fracking operations pose a significant threat to Colorado's wildlife, agricultural industry, and public health.

That's all for now,

Stephanie


Enjoy this article? Get more in our Free Newsletter

Get the inside track on the most lucrative stock plays in today's scorching-hot alternative and renewable energy markets.

Sign up for the FREE Energy and Capital daily e-Letter from alternative energy experts Jeff Siegel and Nick Hodge. We'll also send you our latest report on Wind Investing straight to your inbox.

Your Privacy is Assured.

Jeff Siegel on CNBC

Green Chip Stocks Editor Jeff Siegel, featured guest on CNBC's Green Week