In a concession to the oil and gas industry, Interior Secretary Ken Salazar proposed a rule Friday that wouldn’t require the disclosure of hydraulic fracturing fluids until after drilling is completed.
Posts Tagged Exxon
Thirty years ago, Herb Bacon was working in the old U.S. Bank of Grand Junction when a man operating Exxon’s local oil shale project walked into the lobby with his usual pep in his step. Little did either man know it then, but two days later–on what is now known as “Black Sunday”–Exxon pulled the plug.
A campaign reform group skewered U.S. Rep. Scott Tipton on Thursday for continuing to rake in big bucks from special interest groups and voting for oil and gas projects that could financially benefit him.
BOULDER — Pursuing oil shale production in the face of increasing water demands and climate change concerns is ill-advised, a new report from an environmental group here warns.
The Democratic Congressional Campaign Committee is gunning for Colorado Freshman Representative Cory Gardner with a bold gas-station advertising campaign that highlights his votes in support of oil industry tax breaks and deregulation, on one side, and his votes to prune Medicare, on the other. Ads will appear atop gas pumps in the Fourth District, capturing constituents as they watch their price-of-purchase climb. The ad text underlines the contrast between individual taxpayers sweating out the economy and the mega-profiting non-tax-paying corporations like Chevron and Exxon that are hiking gas prices in a recession without fear of political response.
Exxon Mobil CEO Rex Tillerson today admitted the natural gas drilling process known as hydraulic fracturing, or fracking, comes with certain risks, telling reporters at the company’s annual meeting that the debate still needs to stay fact-based. “We know there are risks,” Tillerson said, according to Reuters. “We’re not trying to characterize this as an activity that does not have risks.”
Observers of the century-long quest to extract oil from the shale rocks of Colorado’s Western Slope are fond of saying “oil shale is the fuel of the future … and always will be.” Never commercially viable because of the costs and resources needed to heat and extract the kerogen trapped in the rocks, an estimated 2 trillion barrels of shale oil remains locked up – perhaps forever.