Range Resources Corp. (RRC), Cheniere Energy, Inc. (LNG): Fracking Phobia Gets Gassed

No doubt those conclusions are behind the EPA’s decision to drop its study of groundwater contamination in Wyoming, instead allowing the state to complete it. Originally, the study was slated to be peer reviewed, but after questions about its methodology arose, it decided to abandon it altogether.

Primarily as a result of hydraulic fracturing, the U.S. is awash in natural gas, so much so that it’s about to become a major exporter, with Cheniere Energy, Inc. (NYSEMKT:LNG) building the first export facility in Louisiana. Japan will be the key market, too, as it currently pays around $16 per mmBtu for liquefied natural gas and Cheniere Energy, Inc. (NYSEMKT:LNG) says it can deliver it to Asia for around $9.50 per mmBTU. Europe, which currently pays about $12 per mmBtu, will be able to get it for under $8 per mmBtu from Cheniere Energy, Inc. (NYSEMKT:LNG).

Indeed, it will be natural gas, if anything, that leads to an economic recovery here at home. Because we have so much, its price has remained remarkably low, challenging even the low cost of our other abundant resource, coal.

And in the wake of these studies showing that we can still frack safely, expect other fears, such as that it’s responsible for earthquakes, to fall by the wayside as well.

The article Fracking Phobia Gets Gassed originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Range Resources. It owns shares of Nuverra Environmental Solutions and U.S. Silica and has the following options on Nuverra Environmental Solutions: long January 2014 $4 calls and short January 2014 $3 puts.

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