From Ghost Blogger
Another one of those oh so safe gas compressors caught fire in Colorado recently:
Colorado Interstate Gas sets force majeure after compressor fire. Gas compressors are considered so safe that they are being built next to homes & schools all over shale gas areas. Yet.
Accidents like this malfunction & fire happen every few weeks.
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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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Carrizo Oil & Gas also claimed force majeure to attempt to validate why their expired leases were still valid for the deceased Whitespot well. It seems they use this clause whenever it suits them. http://en.wikipedia.org/wiki/Force_majeure
I see force majeure being used for non natural force issues, like lack of maintenance caused explosions. Screwed up lease issues is also being seen lately using FM. I don’t know why more stockholders don’t raise a rebellion when companies misuse it.
It’s always interesting to see how authorities are willing to look the other way regarding risks to people, wildlife, and the ecology when there is big money to be made.