Maguire Energy Institute's Weinstein: "North Carolina now has the potential to join America's shale-gas revolution." North Carolina's legislators have overridden Gov. Bev Perdue's veto of pro-hydraulic-fracture-stimulation legislation, thus allowing the well-known oil- and gas-extraction-assistance technique in the state in the future. The state's Senate voted 29-13 to override, according to Reuters; the House, 72-47. James Taylor, senior fellow for environmental policy for The Heartland Institute, a Chicago-based supporter of free markets, says in an institute press release, "State agencies and the U.S. Environmental Protection Agency have diligently monitored hydraulic fracturing for decades. As EPA Administrator Lisa Jackson testified under oath in Congressional hearings, EPA has not found a single case of hydraulic fracturing contaminating groundwater. State agencies have yet to identify a single case of groundwater contamination, either." The institute also provides a statement from Bernard Weinstein, associate director of the Maguire Energy Institute at Southern Methodist University and a policy advisor to the institute: "...The outcome is a plus for North Carolina taxpayers and businesses. Fracking has been used for more than 50 years to complete tens of thousands of wells across the U.S., and neither the Environmental Protection Agency nor state regulators have ever documented a case of groundwater contamination from the process. "North Carolina now has the potential to join America's shale-gas revolution, which is helping put our country on the path to energy independence with attendant economic and fiscal benefits to producing states." For more information on shale resource potential in North Carolina, see "North Carolina's Shale Potential Attracts Attention" at UGcenter.com. For information on hydraulic fracturing, see "Independent Review Finds EPA Pavillion Report Lacking in Scientific Data, Methodology and Analysis" at IPAA.org. -Nissa Darbonne, Editor-at-Large, Oil and Gas Investor, OilandGasInvestor.com, Oil and Gas Investor This Week, A&D Watch, A-Dcenter.com, UGcenter.com. Contact Nissa at email@example.com.
Register below to begin receiving Oil and Gas Investor weekly newsletter.