More Frack-action
Since the last post I've been noticing headlines on fracking, so here's a few links for your Thursday reading pleasure:
From Reuters: Big oil companies face growing concern on fracking. Exxon Mobil Chief Executive Rex Tillerson finds himself in the hot seat defending the company's fracking practices.
Photo: Rex Tillerson doing his best fracking face (Rueters/Kevin Lamarque).
Turns out that both Exxon and Chevron shareholders have concerns about fracking. Shareholder motions at both companies had unprecedented levels of support.
Now from Forbes, a fossil fuel guy tells it like it is!
In the article David Crane, chief executive of NRG Energy, drops this gem:
"The market left to its own devices will only build natural gas plants and that's an enormously bad outcome... We're just going to get ourselves in the same position of 10 years ago when gas prices skyrocketed, but this time our electricity system will be dependent on a single fuel source."
Strong talk from a guy at the helm of a company whose generation portfolio is 40% natural gas!
- Arthur Morris's blog
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