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Chevron (CVX) and Shell (RDS.A) are among big oil companies making peace with environmentalists,...

Chevron (CVX) and Shell (RDS.A) are among big oil companies making peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major expansion of drilling. The program will work a lot like Underwriters Laboratories, which puts its familiar UL seal of approval on electrical appliances that meet its standards.
Comments (7)
  • Great news. The only thing they have to do is do the job right the first time and there would be very little environmental issues. Unfortunately, the players in the Barnett Shale didn't do the job right the first time which caused all the bickering. Hats of to the Northeast for basically requiring them to do a good job. I am very bullish on fracking only if done RIGHT.

     

    Now lets march on to energy independence!
    20 Mar 2013, 06:40 PM Reply Like
  • If companies only did things right the first time around.
    20 Mar 2013, 09:27 PM Reply Like
  • It could be an interesting start. Want to know what the requirements are - keep in mind that Big Oil (just like Big Pharma) - likes regulations that raises costs and keeps out competition.

     

    All companies should be required to divulge what they put in the ground. They all should have to handle the waste water safely. They all should be held to safe drilling and well structure standards. And they should be held to tough reporting requirements anytime something might have gone wrong.

     

    Time will tell how it plays out.
    20 Mar 2013, 06:52 PM Reply Like
  • I am also invested in oil and energy companies. Wish I had more.
    20 Mar 2013, 06:53 PM Reply Like
  • Editor, The Lewis Letter, http://bit.ly/W3uM5K
    Help yourself. CVX is the king, RDS.A the joker but there is hope.
    Conoco Phillips a world class explorer. All pay nice divys. All in my model portfolio, favorite sector.
    20 Mar 2013, 06:58 PM Reply Like
  • Chuck
    "Moby James Dimon, the Whaler, would pull a Houdini and escape the Potomac"

     

    You're take on Jammie was hilarious. Thanks for the chuckle.

     

    joni
    20 Mar 2013, 07:33 PM Reply Like
  • Developing fracking methods for various shales has been a learning process and it's still developing, but there's no reason it can't be done without harming the environment and it's very good for the local and national economies. California is quietly coming around as well.
    20 Mar 2013, 09:59 PM Reply Like
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