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GasBuddy News Article

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How Indian Farmers are Making Millions from the Fracking Boom

OIL Price -- A New York Times story last week featured a picture of a happy Indian farmer in his new house, a replacement for a miserable mud hut. His sister, a scarf modestly hiding her face from the photographer, extends her arm to show a new silver bracelet and ring. The house and the silver were bought with profits from guar, a crop for which India holds a global market share of 80 percent or more. The price of guar has soared recently, largely because it is a key ingredient in fracking fluid.

What is going on here? Will India’s near-monopoly of guar production be a lasting source of riches for India’s farmers? Will it be a lasting strategic headache for advanced economies, something like China’s monopoly of rare earth elements? A look at the factors behind the recent run-up in guar prices will sh


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Submitted Jul 25, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: How Indian Farmers are Making Millions from the Fracking Boom Back to Topics
REPLIES (newest first) Post a Reply
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the1roadhog
Champion Author Atlanta

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Message Posted: Jul 28, 2012 8:11:52 AM

Frack this.
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 28, 2012 6:55:04 AM

ronald, guar is in a lot of foods you eat too. Check labels occasionally.
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RONALD777
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Message Posted: Jul 27, 2012 7:23:57 PM

Now I know what guar is. My life is complete.
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 27, 2012 5:10:45 AM

as Chief Joseph said... "only then will the white man learn that money is not edible."
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PDQBlues
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Message Posted: Jul 25, 2012 5:10:21 PM

... and killing themselves and the environment in the process. What good is money when you're dead?
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W4YAH
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Message Posted: Jul 25, 2012 11:50:46 AM

Now the price of my ice cream is going to go through the roof.
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madison8359
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Message Posted: Jul 25, 2012 11:14:27 AM

Is this the secret ingredient that BO is hiding from everyone?
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jul 25, 2012 10:00:09 AM

Shouldn't let that out of the bag. Now the eco-nuts and OWS people will feel the need to punish you for making money off the misery of others.
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bojiway1
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Message Posted: Jul 25, 2012 9:24:45 AM

Good for them
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mswillia
Champion Author Milwaukee

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Message Posted: Jul 25, 2012 8:54:06 AM

if there is a market, the bean will be grown, displacing other crops that make less money.
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merlinCO
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Message Posted: Jul 25, 2012 8:50:25 AM

Why are we not raising 95% of the product here?
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ARCO
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Message Posted: Jul 25, 2012 8:44:46 AM

NICE
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treehood
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Message Posted: Jul 25, 2012 8:44:38 AM

So now they have cash. Do they spend it or invest it?
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vcsuksu21
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Message Posted: Jul 25, 2012 8:41:55 AM

good for them
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bluebird1
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Message Posted: Jul 25, 2012 8:39:49 AM

Who'd have thought fracking was a source of India's farmers income!!!
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camperfromhell
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Message Posted: Jul 25, 2012 8:38:59 AM

of course
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jwalkerh
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Message Posted: Jul 25, 2012 8:38:32 AM

India is making more moves towards industrialization...
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NO_SWEAT
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Message Posted: Jul 25, 2012 8:34:32 AM

Old news being repeated.
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wt0826
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Message Posted: Jul 25, 2012 8:33:43 AM

ok
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MikLamb
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Message Posted: Jul 25, 2012 8:33:15 AM

At least someone is doing fine as a result of fracking.
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bikerchicklette
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Message Posted: Jul 25, 2012 8:33:14 AM

ok
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bikerchicklette
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Message Posted: Jul 25, 2012 8:32:03 AM

ok
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Hangnail309
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Message Posted: Jul 25, 2012 8:31:36 AM

ok
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ILANGE9
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Message Posted: Jul 25, 2012 8:31:32 AM

I agree with rnlunder
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curlypooh
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Message Posted: Jul 25, 2012 8:31:29 AM

Sock it away before OBOMBUS gets it!!
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geezrtek
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Message Posted: Jul 25, 2012 8:30:55 AM

Great Article
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techque
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Message Posted: Jul 25, 2012 8:30:53 AM

so if we're not exporting petro dollars to arabs, we're exporting guar dollars to India. They already got all our IT and help desk dollars; now they're getting out gas dollars, too.
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tribill
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Message Posted: Jul 25, 2012 8:30:39 AM

Whatever...
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js0743
All-Star Author Georgia

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Message Posted: Jul 25, 2012 8:29:30 AM

I think this is great for these people. More power to them.
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bluenvoy
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Message Posted: Jul 25, 2012 8:28:41 AM

Good for him!
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HoosierDaddyKY
Champion Author Kentucky

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Message Posted: Jul 25, 2012 8:28:38 AM

Guar de har har!
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ratboy1968
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Message Posted: Jul 25, 2012 8:27:22 AM

ok
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mitchells
Champion Author Montreal

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Message Posted: Jul 25, 2012 8:27:09 AM

Glad to see they're making money from fracking, because this year they certainly won't be making money from their crops, with this year's drought
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rnlunder
Champion Author Waco

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Message Posted: Jul 25, 2012 8:26:25 AM

I'm glad to see someone make some money and not have to accept handouts, even if it is short lived?

I suspect that the oil companies have scientists working around the clock trying to develop a synthetic guar or searching for substitutes.
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doncNJ
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Message Posted: Jul 25, 2012 8:26:08 AM

Even the indians do fracking.
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TBecker1415
Champion Author Missouri

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Message Posted: Jul 25, 2012 8:26:02 AM

good for them. shame on everyone else for not growing the crop and letting them basically have a monopoly.
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BigBrat
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Message Posted: Jul 25, 2012 8:25:57 AM

Really good!!!
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maryph1958
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Message Posted: Jul 25, 2012 8:25:50 AM

ok
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tml721
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Message Posted: Jul 25, 2012 8:24:15 AM

GOOD!!
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OldMan322
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Message Posted: Jul 25, 2012 8:24:02 AM

A crop can always be grown somewhere else, India is not the only place
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Goatroper
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Message Posted: Jul 25, 2012 8:23:41 AM

They grow some of this in Texas too.
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jh1552
Sophomore Author Cincinnati

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Message Posted: Jul 25, 2012 8:23:11 AM

ok
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2gjh
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Message Posted: Jul 25, 2012 8:22:46 AM

It will soon be grown elsewhere.
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oppdetcon
Champion Author Ottawa

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Message Posted: Jul 25, 2012 8:22:38 AM

A waste of a number of natural resources and crops...
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leraar2
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Message Posted: Jul 25, 2012 8:22:34 AM

beware the coming increase in ice cream prices.
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Jul 25, 2012 8:21:38 AM

Interesting
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mnbeancounter
Champion Author Minnesota

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Message Posted: Jul 25, 2012 8:21:25 AM

interesting
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05HD
All-Star Author Cincinnati

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Message Posted: Jul 25, 2012 8:20:55 AM

WHY DON'T U.S. FARMERS GROW IT.THEN THEY CAN GET PAID NOT TO GROW IT.
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ModelWarships
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Message Posted: Jul 25, 2012 8:20:13 AM

What the frack?
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bozo
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Message Posted: Jul 25, 2012 8:20:05 AM

well done.
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