Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:23 AM

GasBuddy News Article

34
votes
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


Read the Full Article

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
Profile Pic
the1roadhog
Champion Author Atlanta

Posts:11,545
Points:2,702,310
Joined:Jun 2007
Message Posted: Jul 28, 2012 8:11:52 AM

Frack this.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,456
Points:2,306,590
Joined:Nov 2008
Message Posted: Jul 28, 2012 6:55:04 AM

ronald, guar is in a lot of foods you eat too. Check labels occasionally.
Profile Pic
RONALD777
Champion Author Houston

Posts:95,530
Points:1,059,230
Joined:Nov 2007
Message Posted: Jul 27, 2012 7:23:57 PM

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

Posts:23,456
Points:2,306,590
Joined:Nov 2008
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."
Profile Pic
PDQBlues
Champion Author San Diego

Posts:9,973
Points:2,140,900
Joined:Jan 2009
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?
Profile Pic
W4YAH
Champion Author Florida

Posts:2,620
Points:590,800
Joined:Feb 2012
Message Posted: Jul 25, 2012 11:50:46 AM

Now the price of my ice cream is going to go through the roof.
Profile Pic
madison8359
Champion Author Cleveland

Posts:16,552
Points:2,288,130
Joined:Apr 2008
Message Posted: Jul 25, 2012 11:14:27 AM

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

Posts:5,103
Points:1,476,825
Joined:Nov 2009
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.
Profile Pic
bojiway1
Champion Author Minnesota

Posts:4,870
Points:1,160,095
Joined:Dec 2011
Message Posted: Jul 25, 2012 9:24:45 AM

Good for them
Profile Pic
mswillia
Champion Author Milwaukee

Posts:4,240
Points:857,165
Joined:Feb 2010
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.
Profile Pic
merlinCO
Champion Author Colorado

Posts:4,544
Points:1,029,635
Joined:Mar 2012
Message Posted: Jul 25, 2012 8:50:25 AM

Why are we not raising 95% of the product here?
Profile Pic
ARCO
Champion Author Pittsburgh

Posts:5,153
Points:3,040,960
Joined:Sep 2005
Message Posted: Jul 25, 2012 8:44:46 AM

NICE
Profile Pic
treehood
Champion Author San Diego

Posts:4,990
Points:1,092,260
Joined:May 2011
Message Posted: Jul 25, 2012 8:44:38 AM

So now they have cash. Do they spend it or invest it?
Profile Pic
vcsuksu21
Champion Author Virginia

Posts:2,543
Points:996,685
Joined:Dec 2010
Message Posted: Jul 25, 2012 8:41:55 AM

good for them
Profile Pic
bluebird1
Champion Author Toronto

Posts:18,636
Points:3,777,630
Joined:May 2004
Message Posted: Jul 25, 2012 8:39:49 AM

Who'd have thought fracking was a source of India's farmers income!!!
Profile Pic
camperfromhell
Sophomore Author Indiana

Posts:119
Points:6,940
Joined:Jul 2012
Message Posted: Jul 25, 2012 8:38:59 AM

of course
Profile Pic
jwalkerh
Champion Author Louisiana

Posts:6,499
Points:1,448,075
Joined:Oct 2008
Message Posted: Jul 25, 2012 8:38:32 AM

India is making more moves towards industrialization...
Profile Pic
NO_SWEAT
Champion Author Toronto

Posts:7,058
Points:1,733,300
Joined:Jul 2008
Message Posted: Jul 25, 2012 8:34:32 AM

Old news being repeated.
Profile Pic
wt0826
Champion Author Ontario

Posts:5,720
Points:1,345,130
Joined:Jun 2009
Message Posted: Jul 25, 2012 8:33:43 AM

ok
Profile Pic
MikLamb
Champion Author Texas

Posts:10,890
Points:2,867,695
Joined:Jun 2006
Message Posted: Jul 25, 2012 8:33:15 AM

At least someone is doing fine as a result of fracking.
Profile Pic
bikerchicklette
Champion Author Washington

Posts:5,889
Points:1,307,045
Joined:Sep 2005
Message Posted: Jul 25, 2012 8:33:14 AM

ok
Profile Pic
bikerchicklette
Champion Author Washington

Posts:5,889
Points:1,307,045
Joined:Sep 2005
Message Posted: Jul 25, 2012 8:32:03 AM

ok
Profile Pic
Hangnail309
Champion Author Manitoba

Posts:8,849
Points:2,351,560
Joined:Aug 2006
Message Posted: Jul 25, 2012 8:31:36 AM

ok
Profile Pic
ILANGE9
Champion Author Illinois

Posts:10,471
Points:2,280,065
Joined:Sep 2008
Message Posted: Jul 25, 2012 8:31:32 AM

I agree with rnlunder
Profile Pic
curlypooh
Champion Author New Jersey

Posts:14,560
Points:2,697,595
Joined:Apr 2007
Message Posted: Jul 25, 2012 8:31:29 AM

Sock it away before OBOMBUS gets it!!
Profile Pic
geezrtek
Champion Author Michigan

Posts:4,798
Points:867,025
Joined:Apr 2011
Message Posted: Jul 25, 2012 8:30:55 AM

Great Article
Profile Pic
techque
Champion Author St. Louis

Posts:11,344
Points:2,882,440
Joined:Apr 2005
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.
Profile Pic
tribill
Champion Author Twin Cities

Posts:3,342
Points:2,788,710
Joined:Feb 2006
Message Posted: Jul 25, 2012 8:30:39 AM

Whatever...
Profile Pic
js0743
All-Star Author Georgia

Posts:981
Points:642,380
Joined:Nov 2011
Message Posted: Jul 25, 2012 8:29:30 AM

I think this is great for these people. More power to them.
Profile Pic
bluenvoy
Champion Author Nashville

Posts:17,387
Points:2,144,865
Joined:Oct 2005
Message Posted: Jul 25, 2012 8:28:41 AM

Good for him!
Profile Pic
HoosierDaddyKY
Champion Author Kentucky

Posts:3,186
Points:770,195
Joined:Dec 2011
Message Posted: Jul 25, 2012 8:28:38 AM

Guar de har har!
Profile Pic
ratboy1968
Champion Author Montreal

Posts:5,524
Points:1,244,075
Joined:Oct 2011
Message Posted: Jul 25, 2012 8:27:22 AM

ok
Profile Pic
mitchells
Champion Author Montreal

Posts:5,732
Points:1,750,255
Joined:Oct 2009
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
Profile Pic
rnlunder
Champion Author Waco

Posts:2,432
Points:523,345
Joined:Apr 2011
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.
Profile Pic
doncNJ
Champion Author New Jersey

Posts:10,372
Points:2,192,945
Joined:Oct 2008
Message Posted: Jul 25, 2012 8:26:08 AM

Even the indians do fracking.
Profile Pic
TBecker1415
Champion Author Missouri

Posts:1,673
Points:378,700
Joined:Nov 2011
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.
Profile Pic
BigBrat
Champion Author Phoenix

Posts:4,061
Points:1,371,520
Joined:Dec 2004
Message Posted: Jul 25, 2012 8:25:57 AM

Really good!!!
Profile Pic
maryph1958
Champion Author Cincinnati

Posts:1,420
Points:283,095
Joined:Sep 2011
Message Posted: Jul 25, 2012 8:25:50 AM

ok
Profile Pic
tml721
Champion Author Columbus

Posts:15,650
Points:3,051,715
Joined:Jul 2005
Message Posted: Jul 25, 2012 8:24:15 AM

GOOD!!
Profile Pic
OldMan322
Champion Author Illinois

Posts:10,641
Points:2,286,655
Joined:Jul 2008
Message Posted: Jul 25, 2012 8:24:02 AM

A crop can always be grown somewhere else, India is not the only place
Profile Pic
Goatroper
Champion Author Dallas

Posts:8,409
Points:1,732,770
Joined:Apr 2004
Message Posted: Jul 25, 2012 8:23:41 AM

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

Posts:218
Points:42,125
Joined:Jul 2012
Message Posted: Jul 25, 2012 8:23:11 AM

ok
Profile Pic
2gjh
Champion Author North Dakota

Posts:3,174
Points:2,447,600
Joined:Nov 2003
Message Posted: Jul 25, 2012 8:22:46 AM

It will soon be grown elsewhere.
Profile Pic
oppdetcon
Champion Author Ottawa

Posts:3,330
Points:1,153,405
Joined:Feb 2011
Message Posted: Jul 25, 2012 8:22:38 AM

A waste of a number of natural resources and crops...
Profile Pic
leraar2
Champion Author Massachusetts

Posts:6,631
Points:1,474,900
Joined:Mar 2011
Message Posted: Jul 25, 2012 8:22:34 AM

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

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Jul 25, 2012 8:21:38 AM

Interesting
Profile Pic
mnbeancounter
Champion Author Minnesota

Posts:7,614
Points:1,719,935
Joined:Oct 2009
Message Posted: Jul 25, 2012 8:21:25 AM

interesting
Profile Pic
05HD
All-Star Author Cincinnati

Posts:923
Points:140,050
Joined:Jan 2008
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.
Profile Pic
ModelWarships
Champion Author Missouri

Posts:7,717
Points:1,713,865
Joined:Jul 2008
Message Posted: Jul 25, 2012 8:20:13 AM

What the frack?
Profile Pic
bozo
Champion Author Boston

Posts:4,690
Points:2,091,630
Joined:Feb 2003
Message Posted: Jul 25, 2012 8:20:05 AM

well done.
Profile Pic
radiorumor
Champion Author Texas

Posts:5,575
Points:1,439,850
Joined:Feb 2011
Message Posted: Jul 25, 2012 8:18:54 AM

And I’ve been chewing this!
Post a reply Back to Topics