StocksandNews.com – Week in Review

th

“To the oil and gas industry, the EPA’s revisions are proof that the environmental impact of fracking – which involves injecting millions of gallons of pressurized water, sand and chemicals into wellheads to break up gas trapped in shale rock formations – can be contained and managed. ‘The new EPA estimates reshape the entire fracking debate,’ says Chris Faulkner, CEO of Dallas-based Breitling Oil and Gas. ‘It shows the industry is taking proactive steps to reduce escaped methane emissions and has made great progress. What environmentalists don’t want to admit is that the oil and gas industry [has] a vested interest to capture the gas and not flare or vent it. It’s a commodity, and it has real value.”

Article Source Link: http://www.stocksandnews.com/week-in-review.php