Unfortunately, it’s increasingly clear that the extraction of this “unconventional” gas poses unacceptable risks to the American public.
Could this effect your property value? You Betcha!!! Contact the appraisers at www.socalappraisalserv.com for your value questions. Imagine trying to sell your property but the drinking water has been polluted. Before agreeing to a drilling lease you need a lot of experts to help you determine risk. Contact the non-profit group Propulica for more information.
Unconventional gas production more than doubled between 2000 and 2010, as shale gas increased from 1 to 20 percent of the U.S. natural gas supply. Federal and state regulators largely turned a blind eye to the environmental degradation caused by fracking, and the lack of government oversight facilitated the mad rush to drill. A 2011 Cornell University study found that burning shale gas releases more greenhouse gas pollution than burning conventional gas or oil. Methanol, formaldehyde and carbon disulfide are known air pollutants found near fracking sites. Texas regulators found that air samples near wells contained high levels of neurotoxins and carcinogens such as benzene. Sublette County, a rural Wyoming community with a high concentration of gas wells, has recorded higher ozone levels than Los Angeles.
Green Real Estate Appraiser 