Fracking: The Great Shale Gas Rush (Businessweek 03.03.11))

Some thoughts on where this debate may be headed.  80)

 

http://www.businessweek.com/magazine/content/11_11/b4219025777026.htm

 

the last two paragraphs from pg. 2 ...

 

Even if the EPA stepped in, its authority would be limited. A clause in a 2005 energy law—dubbed the "Halliburton (HAL) loophole" for the company that helped pioneer fracking and is a supplier of fracking fluids—exempts fracking from parts of the Safe Drinking Water Act. Representative Maurice Hinchey (D-N.Y.) says Dick Cheney, once head of Halliburton, pushed for the exemption when he was Vice-President. Hinchey's evidence is circumstantial: Fracking was endorsed in Cheney's 2001 energy task force report, which led to the 2005 law and, according to Waxman, did not reflect the EPA's initial concerns about water pollution. Cheney declined to comment. Halliburton referred a request for comment to its website, which doesn't discuss fracking's risks.

So far, the EPA has begun a study of fracking's effect on drinking water. In February the agency said final results will come in 2014, two years after its initial target—and the 2012 elections. Its emphasis is "politics first and regulation second," says Kevin Book, managing director at ClearView Energy Partners, a Washington policy group. "It's impossible to miss the jobs power of fracking in the Marcellus."

 

hmmmmmmm,  80)

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