Pioneer of Modern Fracking Thinks it Needs Tight Regulation

Marketplace has an interview with George Mitchell, the oil man credited with "cracking the code" for harvesting the fossil fuels from shale formations by spearheading the development of modern hydraulic fracturing.  It's an interesting read.

An excerpt:
Of course, innovation is one thing. Whether it's good for society is quite another. And, like nuclear energy and genetic engineering, fracking draws critics, fearful of the drilling effects on drinking water, and the carbon emissions implications.
"That's going to prolong our dependence on the fossil fuel industry," Emily Wurth at Food and Water Watch. "Which is in their best interest, at a time when we need to be aggressively moving away from using fossil fuels."
Mitchell's view on that is a bit of a twist. He supports fossil fuel taxes, which could phase out his discovery. And his foundation has given millions to research clean energy.
And Mitchell wants stiff regulation of drillers, especially small, independent players.
"I've had too much experience running independents," Mitchell says. "They're wild people. You just can't control them. And if it doesn't do it right, penalize the oil and gas people. Get tough with them."
Read the whole article here.

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