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A Texas law requiring drillers to disclose chemicals they pump underground during fracking...

A Texas law requiring drillers to disclose chemicals they pump underground during fracking is toothless, critics say, because anything deemed a trade secret is exempt. Drillers in Texas claimed ~19K such exemptions through August of this year. Several other states also leave it up to energy firms to decide which chemicals can be labeled secrets. Most frequent at withholding fracking secrets: NBR, HAL, BHI.
Comments (2)
  • davidbdc
    , contributor
    Comments (3141) | Send Message
     
    I support fracking. And I totally disagree with this. This is an example of very poor leadership from elected officials.

     

    Just as I like energy production (and am invested in it). I also like clean, safe drinking water. Both are very important and valuable resources for our country. It is a joke that every single driller is a responsible entity that balances the needs of not endangering water supplies with making profits.

     

    ALL chemicals and any other thing put into the ground MUST be disclosed. That allows proper regulations - there may be chemicals that can't be put into the ground if it will end up in our water supply.

     

    This is also short-sighted on the part of the drillers. They need to be building public support for drilling activity. And "trade secret" isn't going to get them very far with the general population.
    1 Dec 2012, 01:24 PM Reply Like
  • vallies
    , contributor
    Comments (351) | Send Message
     
    We have the EPA's decision coming in JAN. We also have the states rulings on the transportation of coal over bordered lines. We also have a big push from Chinese solar imports into Cali and the likes, and the oil subsidies being cut. Chevron and other oil companies pay heavy taxes to drill in the U.S., don't think so check out 2007 Fact Sheet. Com on the comparison between how the government, states do better in revenues through arbitrage compared to the oil companies with oil being higher. How is slight deflation worse for us when inflation is something more the average individual can handle. Granted a strong EPA is needed, but be careful what you wish for. Ohio is doing much better in the labor department, all though recent job data reports, Ohio Department of Job and Family Services data shows jobless claims higher, and with BHI's monthly U.S. rig report, shows a decline yr/yr ,regardless of whom ever makes the claims. It's a fine balance the government has to make, but then again so is the climate.
    I am a strong supporter of natural gas for our industrial use, and a very strong supporter of electric cars, along with wind and solar, but the money that was borrowed to supposedly do some of these works and what we received at the cost of higher debt makes me highly speculative of our government doing anything correct. If the EPA's ruling is against the drillers the government will loose much needed revenue, and BHI's monthly U.S. drill count will go lower while the International rig count will rise higher. They will just pack up and leave. HAL already discloses on their WebSite.
    2 Dec 2012, 02:00 PM Reply Like
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