I love it when you catch industry telling the truth like they did HERE and HERE!
Most people would probably read this Reuters article and focus on the Schlumberger CEO admitting that the FRAC Act will probably pass but something else jumped out at me.
Gould said it was no accident that shale gas was first exploited in Texas and Louisiana because of extensive oilfield service infrastructure in the region, as well as the regulatory regime compared with other parts of the world.
In other words: “The suckers here are easy.”
He also pointed out that the number of wells dotted around the greater Dallas area, which includes part of the Barnett shale, would simply never be allowed in a place like Germany.
A place like Germany where they appreciate clean air and water.
About Sharon Wilson
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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To be truthful, Germany would NOT let the Banking system go wild with giving out Home loans to anyone with a pulse, unlike US Banking Regulators.
And, if there was an accident like the BP Texas City Refinery explosion that killed 15 in 2005 in Germany, a number of people would be in jail.
This is all pretty sophistic. "Exploited" is an industry term of art, so it's really disingenuous to boldface it: the clear implication seems to be "OMG EXPLOITATION!!!1" As far as the guy's remarks on the regulatory regime, it's common sense that you're going to build any kind of industry wherever the cost/benefits are favorable, and it's also possible to regulate an industry into nonexistence, which isn't always good. Chemical refineries, for example, are almost necessarily going to give off some amount of emissions: good old physics keeps you from getting perfect seals on this chemical vessels. The real issue is a cost/benefit analysis, so this guy's comments are really not worth any notice.