Oil Boom Threatens Fresh Water Supplies

Crude oil,  natural gas extraction and fracking is an industry which requires large quantities of water. Shale is an even thirstier business and has been draining away the scarce resource which is fresh water.

Scarce resource becoming scarcer

Water is a major cost for drillers and an expensive one. According to Schlumberger, the oil and gas technical expert, as much as ten percent of the cost of a shale gas well comes from water sourcing, transportation and disposal.

The use of water in the process of fracking has meant that water supplies have become strained. It was reported that in some U.S. counties, more than fifty percent of the scarce water resources went towards the processing of shale oil and gas. It is reported that between January 2011 to September 2012, 65.8 billions of gallons of water were used in hydraulic fracturing operations both for oil and gas development and in vertical and horizontal wells across the U.S. This amount represents roughly the water use of 2.5 million Americans for a year.


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible

Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others