19 Apr '11, 12am

Shell Bullish on Fracking, Invites Tougher Regulation

Shell Bullish on Fracking, Invites Tougher Regulation

Marvin Odum , the president of Shell Oil, made a revealing and insightful observation at the "Shell 2011 Energy Summit" last week in Houston. "You are only as good as the worst operator in your industry," he said. He could have been talking about BP. Shell wants to drill offshore in Alaska, home to some of the richest undeveloped oil and gas reserves in North America, but there's little chance of that so long as memories of the BP Deepwater oil spill remain fresh. Or he could have been talking about the Tokyo Electric Power Co. Last month's accident at Fukushima has cast a cloud over hopes for a global nuclear renaissance, fueling opposition to nukes from India to Germany to Minnesota . In fact, he was talking about hydrofracking -- the technology that will allow vast amounts of natural gas to be tapped from fields around the U.S., creating a boom in the shale fields of Wy...

Full article: http://www.greenbiz.com/blog/2011/04/18/shell-bullish-fra...

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