Ronald Bailey argues that the "environmental and economic benefits of fracking greatly outweigh the costs":
Natural gas is outcompeting coal as a cheap fuel for producing electricity and the result is that U.S. carbon dioxide emissions are down sharply to a level last seen around 1992. In addition, a study comparing the costs and benefits of coal with those of conventional and shale gas in the February 2013 issue of Energy Policy finds that burning natural gas produces far less in the way of air pollutants like sulfur dioxide, nitrogen oxides, soot, and mercury. The authors conclude that a shift from coal to gas would "reduce the overall likelihood of health problems affecting the nervous system, inner organs, and the brain"…
He goes on to address concerns related to methane leakage, local water pollution, and land disturbance. Meanwhile, Andrew Revkin relays two approaches that could "potentially [end] fights over the source of any subsequent contamination of water supplies in a drilling area":