High on our list of concerns is whether the used water — some of it tainted with toxic chemicals — will later seep into streams, rivers and deep water wells, placing New York City’s municipal water supplies at risk. This speculation is in response to the Marcellus Shale, a huge deposit of natural gas way beneath the earth’s surface, reports The New York Times.
Consumers in some areas may see their natural gas bills rise up to 38% this winter, if West Virginia is any indication. Up to 13 of West Virginia’s state gas companies will be getting a rate increase, which is passed on to the consumer.
Proposed increases for the state’s seven largest natural gas companies ranged from 38% to 8.6%, according numbers provided by the Consumer Advocate Division, reports Sarah K. Winn for The Charleston Gazette. Just because you do not live in West Virginia does not mean you are safe from a position such as this. This could happen in any state.
UNG is down 19.4% year-to-date.