It's clear that, as has been the case since time immemorial, the eyes of Texas are on the oil and gas industry.

As last week wound down, a study emerged from the University of Texas predicting steady growth for U.S. natural gas production during the next few decades. That is -- and this is my caveat, not one emanating from the folks in Austin -- unless hydraulic fracturing becomes entombed by the stream of opposition that's designed to thwart its progress.

Iterative studies, it seems, have become the order of the day regarding fracking, or TransCanada's proposed Keystone XL pipeline, or any other activity judged verboten by environmentalists.


We won't get rid of this gas for a while
The Texas study focused on the Barnett Shale, which sits in a north Texas expanse generally surrounding Fort Worth. Funded by the Alfred P. Sloan Foundation, the study, the first to comprehensively focus on the geology and economics of shale drilling, examined 15,000 wells that have been drilled in the Barnett.

As The Wall Street Journal noted, Scott Tinker, director of the Bureau of Economic Geology at the university said at the conclusion of the study, which he helped to lead: "We are looking at multi, multi decades of growth."

Indeed, it's anticipated that the Barnett alone contains another 44 trillion cubic feet of natural gas, and that gas production in the U.S. won't plateau until 2040. Many of the nation's future gas wells will be drilled in the giant Marcellus Shale of Pennsylvania and surrounding states -- unless, of course, excessive fracking runs into a generalized roadblock.

Fracking flunks at Cornell and passes at Texas
As I told Fools a couple of years ago, a Cornell University study resoundingly turned thumbs-down on fracking. The study's leader, Robert Howarth, a professor of ecology and environmental biology, said at the conclusion of his effort: "The take-home message of our study is that, if you do an integration of 20 years following the development of the gas, shale gas is worse than conventional gas and is, in fact, worse than coal and worse than oil." Huh?

For the next study, we return to the home of the Longhorns. Early in 2012, UT's Energy Institute released a report that judged the environmental risks from fracking to be minimal. That clearly was not the correct conclusion in some quarters. Thus followed a cacophony claiming the existence of a conflict of interest, since Charles Groat, the former U.S. Geological Survey leader and the major domo of the study, was a paid board member of Plains Exploration and Production . For all intents and purposes, the study's conclusions have been tossed out like Sunday's newspaper.

However, that same environmental chorus had, not surprisingly, become mum regarding Howarth's apparent conflicts and flaw-laden conclusions. As Forbes contributor Jon Entine wrote subsequently:

Last April the Times ran two articles in a week heavily promoting Howarth's bizarre claim that shale gas generates more greenhouse gas emissions than the production and use of coal ... When the Times didn't report then, and until now has almost systematically ignored, is that almost every independent researcher -- at the Environmental Defense Fund, the Nation Resources Defense Council, the Council on Foreign Relations, the Energy Department and numerous independent university teams, including a Carnegie Mellon study partly financed by the Sierra Club -- has slammed Howarth's conclusions ... Within the field, Howarth is considered an activist, not an independent scientist.

And now the Associated Press has noted that Governor Andrew Cuomo of New York, which has a moratorium on fracking, recently came close to lifting that blockage, at least on a limited basis. But at the behest of Robert F. Kennedy, Jr. he'll now await yet another study of the technology. This next analysis is being funded largely by Pennsylvania's Degenstein Foundation "which is not seen as having an ideological bent." Surely that's precisely why Kennedy was pushing for the delay.

Shell's "iffy" prophesy
Last week, Royal Dutch Shell , which generates about half its revenue from natural gas, forecast that a combined shift to natural gas for power and transportation, along with carbon capture, and a boost to nuclear power could curtail climate change until mankind has moved into the next century. The obvious question is whether the oil and gas industry will be able to forestall attacks on hydrocarbons long enough for Shell's expectations to become reality?

David Deming, a geologist and professor at the University of Oklahoma, said in a Friday Wall Street Journal op-ed piece that the traditional energy companies could benefit by emulating the National Rifle Association, which typically gives no quarter to its critics. As Deming observed:

Consider, by way of contrast, the absurd actions of Chesapeake Energy ... Time magazine revealed last year that Chesapeake gave the Sierra Club $26 million. Presumably the Machiavellian reasoning was that the Sierra Club would use this money to attack Chesapeake's competitor, the coal industry ... Now the Sierra Club is trying to shut down hydraulic fracturing -- the entire basis of Chesapeake's natural gas business.

A Foolish takeaway
I believe that Deming is spot on. In order to prevent being overrun by environmental groups and a progressively more activist Environmental Protection Agency, producers, oil-field services companies, and other members of the oil and gas contingent would be well advised to toughen up, especially in the face of their opposition's penchant for dilatory action through endless studying. The feckless alternative won't be pretty for the industry or, more importantly, for U.S. consumers.

Expert advice on the future of fracking and Chesapeake Energy
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While these issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand new premium report on the company. Simply click here now to access your copy.

The article Is Fracking Endangered by Incessant Studies? originally appeared on Fool.com.

Fool contributor David Lee Smith owns shares of Chesapeake Energy. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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