Big Oil (and especially Small Oil), you know I often stick up for you, but I suspect you’re crying wolf this time.
Should Oil and Gas Investors Fear the FRAC Act?
Motley Fool seems to know something about the Texas Railroad Commission:
Why am I sympathetic to this legislation? For one, state regulatory bodies can become quite cozy with industries that drive the local economy. Second, while the risk of polluting an aquifer seems remote, given that most horizontal drilling occurs much deeper in the earth, I do recognize that there are some rather nasty chemicals involved here, and they have been and will continue to be spilled on the surface. That poses enough of a threat to drinking water to get me concerned.
According to local media reports, a recent frac job performed by Schlumberger (NYSE: SLB) for Chesapeake Energy (NYSE: CHK) in the Haynesville shale play saw some frac fluid spilled, and 17 cows died.
Legislation is pending that will close the Halliburton Loophole, but we need more support for these bills. Please ask your member of Congress or Senator to co-sponsor these bills.
S. 1215 – Fracturing Responsibility and Awareness of Chemicals (FRAC) Act
A bill to amend the Safe Drinking Water Act to repeal a certain exemption for hydraulic fracturing, and for other purposes.
H.R. 2766 – Fracturing Responsibility and Awareness of Chemicals Act of 2009
To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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From what I know, a lot of the crap that is being injected is just waste and junk from other chemical activities. The O&G definitely doesn't want to admit and identify the chemicals that they are injecting into the ground! This stuff wil ruin our water! We've gotta get after 'em.
That is not correct. Virtually all fracing is done below the water table. The process has been used for over 60 years and there has never been a single documented case of contamination of any water supply. Chemicals are used in smaller amounts than many other activities which are unregulated. People are attacking this process out of ignorance.
Anonymous commenter 9:24 is not correct but neither is Anonymous commented 3:11
Anonymous 3:ll is ignorant, fracking is recent not 60 years old! Fracking is a large danger as its poisoning our water and in turn is killing our wildlife and causing diseases in humans.