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February 2, 2010

Exxon Defends XTO Energy Deal, Warns Against New Regulation on Hydraulic Fracturing

By Margaret Bassett

Exxon first wants Congress to drop plans to regulate a common underground injection technique known as hydraulic fracturing, which is used by Fort Worth-based XTO in the Barnett Shale. Lawmakers at Wednesday's hearing, scheduled to review the Exxon-XTO merger, often focused on a bill that would require companies to disclose the mixture of chemicals they shoot underground.

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Exxon first wants Congress to drop plans to regulate a common underground injection technique known as hydraulic fracturing, which is used by Fort Worth-based XTO in the Barnett Shale. Lawmakers at Wednesday's hearing, scheduled to review the Exxon-XTO merger, often focused on a bill that would require companies to disclose the mixture of chemicals they shoot underground.

Authors Bio:
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

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