What the Frack ?
Is Fracking in New Jersey’s future?
Thursday August 1, 2013, 11:09 PM
BY JAMES M. O’NEILL
STAFF WRITER
The Record
When the state’s ban on fracking expired this year, there was no immediate rush to resuscitate it in the Legislature because most believed there was no natural gas to be mined in New Jersey.
Turns out, however, an underground formation stretching from Trenton to Bergen County may contain more than 1 trillion cubic feet of natural gas — enough to meet the needs of every New Jersey household for five years.
While no energy companies have expressed interest in drilling in the state, geologists and industry experts say it could be a commercially viable gas reserve, one that could bring New Jersey many benefits — lower winter heating bills, cheaper electric rates, job creation and new sources of revenue for state and local governments.
“Clearly the ability to extract natural gas in this area would be game-changing, while raising new questions and excitement,” said Jim Benton, executive director of the New Jersey Petroleum Council.
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