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Showing posts with label fracking. Show all posts
Showing posts with label fracking. Show all posts

Thursday, January 26, 2012

Disgraced Cruise Ship Captain Schettino to Lead New 'Alternative Oil Exploration' Initiative

NEW ORLEANS, La. (Bennington Vale Evening Transcript) -- Despite President Obama's vow to continue bolstering conventional energy production, which he reiterated during Tuesday's State of the Union address, oil industry executives chastised the plan as not being aggressive enough. Obama pledged to open more than 75 percent of the country's potential offshore oil and gas resources. He also encouraged the extraction of natural gas from shale deposits using a controversial process called hydraulic fracturing, or fracking. Environmentalists criticized the president for caving to conservatives who, they claim, are willing to destroy the planet's resources in the name of profit and corporate greed. However, sources close to the White House say the administration may be ready to execute a deal with the Italian government and Carnival Cruise Lines, which could spark even more dissent among liberals and Democrats.

 
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