Most people would probably read this Reuters article and focus on the Schlumberger CEO admitting that the FRAC Act will probably pass but something else jumped out at me.
Gould said it was no accident that shale gas was first exploited in Texas and Louisiana because of extensive oilfield service infrastructure in the region, as well as the regulatory regime compared with other parts of the world.
In other words: “The suckers here are easy.”
He also pointed out that the number of wells dotted around the greater Dallas area, which includes part of the Barnett shale, would simply never be allowed in a place like Germany.
A place like Germany where they appreciate clean air and water.