Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

U.S. sets new rules for fracking on federal lands

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
The Obama administration unveiled long-awaited rules on Friday to bolster oversight of "fracking" on public lands, seeking to allay environmental concerns over the technology that has spurred a boom in shale gas drilling in the United States.

The Interior Department proposal would require companies to obtain government approval to use hydraulic fracturing, or fracking, in drilling for natural gas on federal lands.

The rules would not affect drilling on private land, where the bulk of shale exploration is taking place. Still, the administration has said it hopes the rules could be used as a template for state regulators. "Most shale plays are out of the reach of Interior," said Whitney Stanco, an analyst with the Guggenheim Washington Research Group.
A Guggenheim analysis found that only about 5 percent of shale wells drilling in the United States in the past decade occurred...

Read the rest of the story HERE:

At www.reuters.com

- Advertisement -
- Advertisement -