Friday, July 20, 2012 at 11:38AM Legendary oilman calls for tougher controls on fracking
Our energy writer Elizabeth Souder has an eagle’s eye and found this really interesting item. Legendary oilman and Barnett Shale fracking expert George Mitchell has told Forbes that the federal government should do more to regulate hydraulic fracturing. That’s right, an energy guy calling for more rules on fracking.
And his reason for more regulation is pretty straightforward:
“Because if they don’t do it right there could be trouble,” he says. There’s no excuse not to get it right. “There are good techniques to make it safe that should be followed properly,” he says. But, the smaller, independent drillers, “are wild.”
“It’s tough to control these independents. If they do something wrong and dangerous, they should punish them,” Mitchell says.
And when asked whether tough regulations would chase the industry away from fracking, he said any extra costs due to smart safety regulation would be passed on in the price of natural gas.
Read the full story at the link below.
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