Business

08.27.13

Are Earthquakes the Result of Natural Gas Fracking?

A new study about the relationship between fracking and earthquakes has the hosts on CNBC buzzing.
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By Paul Toscano

After a newly published study found a potential link between natural gas fracking and earthquakes in Texas, the"Squawk on the Street" anchors discussed the costs and benefits of the controversial process.

"May I be so bold as to say that anytime you extract anything from the ground for energy, it's a problem," said Jim Cramer on Tuesday.

"Whether it be coalnatural gasoil, there are always problems and that is what you have to live with, basically, if you want to be able to get the energy that the country needs."

The controversy over fracking and earthquakes has also prompted lawsuits in Arkansas, where more than 1,000 small quakes in 2010 and 2011 were blamed on fracking.