By the end of the year, losses could exceed $4.1 billion
Natural Gas Production is Causing Water Bankruptcy because the water used to produce natural gas is permanently removed from our hydrologic cycle.
“Extreme or exceptional drought conditions for the second year in a row and prolonged weather with over 100 degree temperatures have devastated agricultural crops and livestock operations, especially in Central and South Texas,” said Dr. Carl Anderson, AgriLife Extension economist and professor emeritus. “This area covers about 40 percent of Texas. With the exception of Northeast Texas, the trans Pecos and the Southern Panhandle areas, the entire state is suffering from lack of sufficient rain for more than a year.”