I should also mention that I don't think the environmentalists understand hydraulic fracturing. If there is water contamination near a well that has been "fracked", it isn't because of hydraulic fracturing. Rather, it is because of a poor cement and lining job of the well as it passes the underground water zone. This has nothing to do with the fracturing which occurs thousands of feet below impenetrable rock, and is just as likely to occur in a conventional oil or gas well.Interesting ETF.
What fracturing has done is open up previously useless oil and gas deposits which has brought the oil and gas business closer to populations which have no experience with it. This is a big contributor to the overreaction and confusion amongst the general public.
Note my disclaimer at the sidebar at the right. This is not an investment site. I have not invested in the ETF noted above and have no plans to.
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