(January 2012; 27 pages) Benjamin H. Grumbles, president of Clean Water America Alliance and former Environmental Protection Agency assistant administrator for water, examines the facts and potential environmental impacts of fracking associated with shale gas production and concludes with some policy recommendations to protect what he calls the country’s most precious liquid asset—water. In addition, Bloomberg BNA correspondent Tripp Baltz sets out specific actions states have taken in the last several years to control fracking by oil and gas companies, particularly in relation to disclosure of the chemicals being used.