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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

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the1roadhog Champion Author Atlanta Posts:9,913 Points:2,058,530 Joined:Jun 2007	Message Posted: Jul 28, 2012 9:11:52 AM Ignore the1roadhog Report Abuse Frack this.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 28, 2012 7:55:04 AM Ignore honda0105 Report Abuse ronald, guar is in a lot of foods you eat too. Check labels occasionally.
RONALD777 Champion Author Houston Posts:2,452 Points:366,655 Joined:Nov 2007	Message Posted: Jul 27, 2012 8:23:57 PM Ignore RONALD777 Report Abuse Now I know what guar is. My life is complete.
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Jul 27, 2012 6:10:45 AM Ignore honda0105 Report Abuse as Chief Joseph said... "only then will the white man learn that money is not edible."
PDQBlues Champion Author San Diego Posts:7,089 Points:1,451,250 Joined:Jan 2009	Message Posted: Jul 25, 2012 6:10:21 PM Ignore PDQBlues Report Abuse ... and killing themselves and the environment in the process. What good is money when you're dead?
W4YAH Champion Author Florida Posts:1,153 Points:233,795 Joined:Feb 2012	Message Posted: Jul 25, 2012 12:50:46 PM Ignore W4YAH Report Abuse Now the price of my ice cream is going to go through the roof.
madison8359 Champion Author Cleveland Posts:9,049 Points:1,596,220 Joined:Apr 2008	Message Posted: Jul 25, 2012 12:14:27 PM Ignore madison8359 Report Abuse Is this the secret ingredient that BO is hiding from everyone?
doctorindyj Champion Author Santa Fe Posts:3,463 Points:842,510 Joined:Nov 2009	Message Posted: Jul 25, 2012 11:00:09 AM Ignore doctorindyj Report Abuse 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.
bojiway1 Champion Author Minnesota Posts:2,064 Points:481,960 Joined:Dec 2011	Message Posted: Jul 25, 2012 10:24:45 AM Ignore bojiway1 Report Abuse Good for them
mswillia Champion Author Milwaukee Posts:2,647 Points:574,305 Joined:Feb 2010	Message Posted: Jul 25, 2012 9:54:06 AM Ignore mswillia Report Abuse if there is a market, the bean will be grown, displacing other crops that make less money.
merlinCO Champion Author Colorado Posts:1,655 Points:344,320 Joined:Mar 2012	Message Posted: Jul 25, 2012 9:50:25 AM Ignore merlinCO Report Abuse Why are we not raising 95% of the product here?
ARCO Champion Author Pittsburgh Posts:2,363 Points:2,380,295 Joined:Sep 2005	Message Posted: Jul 25, 2012 9:44:46 AM Ignore ARCO Report Abuse NICE
treehood Champion Author San Diego Posts:2,059 Points:399,685 Joined:May 2011	Message Posted: Jul 25, 2012 9:44:38 AM Ignore treehood Report Abuse So now they have cash. Do they spend it or invest it?
vcsuksu21 Champion Author Oklahoma City Posts:2,478 Points:708,880 Joined:Dec 2010	Message Posted: Jul 25, 2012 9:41:55 AM Ignore vcsuksu21 Report Abuse good for them
bluebird1 Champion Author Toronto Posts:15,750 Points:3,111,050 Joined:May 2004	Message Posted: Jul 25, 2012 9:39:49 AM Ignore bluebird1 Report Abuse Who'd have thought fracking was a source of India's farmers income!!!
camperfromhell Sophomore Author Indiana Posts:119 Points:6,940 Joined:Jul 2012	Message Posted: Jul 25, 2012 9:38:59 AM Ignore camperfromhell Report Abuse of course
jwalkerh Champion Author Louisiana Posts:6,145 Points:1,369,580 Joined:Oct 2008	Message Posted: Jul 25, 2012 9:38:32 AM Ignore jwalkerh Report Abuse India is making more moves towards industrialization...
NO_SWEAT Champion Author Toronto Posts:4,360 Points:1,082,240 Joined:Jul 2008	Message Posted: Jul 25, 2012 9:34:32 AM Ignore NO_SWEAT Report Abuse Old news being repeated.
wt0826 Champion Author Ontario Posts:3,741 Points:839,075 Joined:Jun 2009	Message Posted: Jul 25, 2012 9:33:43 AM Ignore wt0826 Report Abuse ok
MikLamb Champion Author Texas Posts:8,000 Points:2,178,045 Joined:Jun 2006	Message Posted: Jul 25, 2012 9:33:15 AM Ignore MikLamb Report Abuse At least someone is doing fine as a result of fracking.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,297,220 Joined:Sep 2005	Message Posted: Jul 25, 2012 9:33:14 AM Ignore bikerchicklette Report Abuse ok
bikerchicklette Champion Author Washington Posts:5,889 Points:1,297,220 Joined:Sep 2005	Message Posted: Jul 25, 2012 9:32:03 AM Ignore bikerchicklette Report Abuse ok
Hangnail309 Champion Author Manitoba Posts:6,039 Points:1,680,105 Joined:Aug 2006	Message Posted: Jul 25, 2012 9:31:36 AM Ignore Hangnail309 Report Abuse ok
ILANGE9 Champion Author Illinois Posts:7,630 Points:1,600,125 Joined:Sep 2008	Message Posted: Jul 25, 2012 9:31:32 AM Ignore ILANGE9 Report Abuse I agree with rnlunder
curlypooh Champion Author New Jersey Posts:11,187 Points:2,008,720 Joined:Apr 2007	Message Posted: Jul 25, 2012 9:31:29 AM Ignore curlypooh Report Abuse Sock it away before OBOMBUS gets it!!
geezrtek Champion Author Michigan Posts:1,922 Points:432,410 Joined:Apr 2011	Message Posted: Jul 25, 2012 9:30:55 AM Ignore geezrtek Report Abuse Great Article
techque Champion Author St. Louis Posts:8,670 Points:2,422,555 Joined:Apr 2005	Message Posted: Jul 25, 2012 9:30:53 AM Ignore techque Report Abuse 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.
tribill Champion Author Twin Cities Posts:3,342 Points:2,341,960 Joined:Feb 2006	Message Posted: Jul 25, 2012 9:30:39 AM Ignore tribill Report Abuse Whatever...
js0743 All-Star Author Georgia Posts:981 Points:460,880 Joined:Nov 2011	Message Posted: Jul 25, 2012 9:29:30 AM Ignore js0743 Report Abuse I think this is great for these people. More power to them.
bluenvoy Champion Author Nashville Posts:14,992 Points:1,879,590 Joined:Oct 2005	Message Posted: Jul 25, 2012 9:28:41 AM Ignore bluenvoy Report Abuse Good for him!
HoosierDaddyKY Champion Author Kentucky Posts:1,277 Points:298,135 Joined:Dec 2011	Message Posted: Jul 25, 2012 9:28:38 AM Ignore HoosierDaddyKY Report Abuse Guar de har har!
ratboy1968 Champion Author Montreal Posts:2,632 Points:551,950 Joined:Oct 2011	Message Posted: Jul 25, 2012 9:27:22 AM Ignore ratboy1968 Report Abuse ok
mitchells Champion Author Montreal Posts:3,866 Points:1,126,835 Joined:Oct 2009	Message Posted: Jul 25, 2012 9:27:09 AM Ignore mitchells Report Abuse 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
rnlunder Champion Author Waco Posts:2,321 Points:496,125 Joined:Apr 2011	Message Posted: Jul 25, 2012 9:26:25 AM Ignore rnlunder Report Abuse 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.
doncNJ Champion Author New Jersey Posts:7,536 Points:1,508,020 Joined:Oct 2008	Message Posted: Jul 25, 2012 9:26:08 AM Ignore doncNJ Report Abuse Even the indians do fracking.
TBecker1415 Champion Author Missouri Posts:1,670 Points:349,690 Joined:Nov 2011	Message Posted: Jul 25, 2012 9:26:02 AM Ignore TBecker1415 Report Abuse good for them. shame on everyone else for not growing the crop and letting them basically have a monopoly.
BigBrat Champion Author Phoenix Posts:2,679 Points:1,055,000 Joined:Dec 2004	Message Posted: Jul 25, 2012 9:25:57 AM Ignore BigBrat Report Abuse Really good!!!
maryph1958 Champion Author Cincinnati Posts:1,420 Points:283,095 Joined:Sep 2011	Message Posted: Jul 25, 2012 9:25:50 AM Ignore maryph1958 Report Abuse ok
tml721 Champion Author Columbus Posts:12,625 Points:2,392,475 Joined:Jul 2005	Message Posted: Jul 25, 2012 9:24:15 AM Ignore tml721 Report Abuse GOOD!!
OldMan322 Champion Author Illinois Posts:5,170 Points:1,597,665 Joined:Jul 2008	Message Posted: Jul 25, 2012 9:24:02 AM Ignore OldMan322 Report Abuse A crop can always be grown somewhere else, India is not the only place
Goatroper Champion Author Dallas Posts:6,609 Points:1,296,410 Joined:Apr 2004	Message Posted: Jul 25, 2012 9:23:41 AM Ignore Goatroper Report Abuse They grow some of this in Texas too.
jh1552 Sophomore Author Cincinnati Posts:218 Points:42,125 Joined:Jul 2012	Message Posted: Jul 25, 2012 9:23:11 AM Ignore jh1552 Report Abuse ok
2gjh Champion Author North Dakota Posts:3,174 Points:2,447,600 Joined:Nov 2003	Message Posted: Jul 25, 2012 9:22:46 AM Ignore 2gjh Report Abuse It will soon be grown elsewhere.
oppdetcon Champion Author Ottawa Posts:1,446 Points:502,400 Joined:Feb 2011	Message Posted: Jul 25, 2012 9:22:38 AM Ignore oppdetcon Report Abuse A waste of a number of natural resources and crops...
leraar2 Champion Author Massachusetts Posts:3,779 Points:790,605 Joined:Mar 2011	Message Posted: Jul 25, 2012 9:22:34 AM Ignore leraar2 Report Abuse beware the coming increase in ice cream prices.
Blue_Cruzer Champion Author Lexington Posts:7,540 Points:1,673,585 Joined:Mar 2007	Message Posted: Jul 25, 2012 9:21:38 AM Ignore Blue_Cruzer Report Abuse Interesting
mnbeancounter Champion Author Minnesota Posts:4,764 Points:1,065,740 Joined:Oct 2009	Message Posted: Jul 25, 2012 9:21:25 AM Ignore mnbeancounter Report Abuse interesting
05HD All-Star Author Cincinnati Posts:869 Points:133,170 Joined:Jan 2008	Message Posted: Jul 25, 2012 9:20:55 AM Ignore 05HD Report Abuse WHY DON'T U.S. FARMERS GROW IT.THEN THEY CAN GET PAID NOT TO GROW IT.
ModelWarships Champion Author Missouri Posts:5,805 Points:1,234,035 Joined:Jul 2008	Message Posted: Jul 25, 2012 9:20:13 AM Ignore ModelWarships Report Abuse What the frack?
bozo Champion Author Boston Posts:4,690 Points:2,091,630 Joined:Feb 2003	Message Posted: Jul 25, 2012 9:20:05 AM Ignore bozo Report Abuse well done.