Total signs $2.3 billion shale deal with Chesapeake
PARIS (Reuters) - Oil major Total SA signed a $2.3 billion deal with Chesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.
The deal will give Total a 25 percent stake in a joint venture with the two U.S. companies in the liquids-rich Utica Shale area of eastern Ohio, the French company said in a statement on Tuesday.
North America has in recent years seen a boom in energy resources such as shale gas, raising the prospect that the world's largest economy may lower its dependence on imported energy.
...cont'd
http://news.yahoo.com/total-signs-2-3-billion-shale-deal-chesapeake-095129646.html
Well the oil companies certainly don't seem to have any worries about getting their way...onward, come earthquakes or bad water.
And who will stop them?
deminks
(11,015 posts)from 2010 first thing out of KKKarl's mouth after the 2010 mid term election.
http://thinkprogress.org/romm/2010/11/05/206992/karl-rove-climate-is-gone/
Karl Rove, former consigliere to the worst president of the modern era, who has done as much as anyone to help destroy a livable climate for our children, blurted out the awful truth this week. Brad Johnson has the the story.
Republican strategist Karl Rove, who helped organize the outside groups that spent millions to install Republicans in the midterm elections, spent election day celebrating with Pennsylvanias growing drilling industry. Like other corporate sectors, the fossil industry is hoping that Republicans will be able to roll back regulations that limit their profit-seeking at the expense of peoples health and safety. Rove told the attendees of a shale-gas conference in Philadelphia that the incoming Republican House of Representatives sure as heck wont pass legislation to limit greenhouse pollution from fossil fuels:
Climate is gone, said Rove, the keynote speaker on the opening day of a two-day shale-gas conference sponsored by Hart Energy Publishing L.L.P. And Rove told the trade show, I dont think you need to worry the new Congress will consider proposed legislation to put the controversial practice of hydraulic fracturing under federal rather than state regulation. The procedure, known as fracking, is responsible for the dramatic growth of shale-gas drilling in formations such as Pennsylvanias vast Marcellus Shale.
SpiralHawk
(32,944 posts)Humanity's Ultimate Inanity'
Botany
(70,524 posts)and just because we have had earthquakes from injection wells recently
is no need to worry. So go ahead and screw up eastern Ohio .... all the
jobs are gone anyway and Kasich sees resources as presents for his wall
street and rich buddies.
BTW the head of Chesapeake Energy was a big $ guy for the swift boat shits
in 2004.