Experts say Obama won't stop Eagle Ford Shale boom
BY DIANNA WRAY - DWRAY@VICAD.COM
Originally published November 10, 2012 at 10:12 P.M., updated November 11, 2012 at 7:16 A.M.
In the wake of the election, some in Texas fear President Obama's second-term energy policies will end the oil and gas boom of the Eagle Ford Shale.
However, industry analysts and longtime insiders say the Eagle Ford Shale play and the oil boom in Texas shouldn't be much impacted in the second term of Obama's administration.
John Braudway, a longtime oil industry man in Karnes County, is not in favor of Obama's policies, but he doesn't expect the president will do much to curtail production of oil and natural gas in the Eagle Ford Shale.
"It's not in his interest to shut it down," Braudway said.
During his re-election campaign, Obama made becoming less dependent on foreign oil a part of his platform, while touting the benefits of the wealth of cheap natural gas now flowing in this country and noting how shale plays have helped the country as it continues to creep toward economic recovery.....
Read the whole story here
http://m.victoriaadvocate.com/news/2012/nov/10/dw_efs_election_111112_193592/? business&local-business
BY DIANNA WRAY - DWRAY@VICAD.COM
Originally published November 10, 2012 at 10:12 P.M., updated November 11, 2012 at 7:16 A.M.
In the wake of the election, some in Texas fear President Obama's second-term energy policies will end the oil and gas boom of the Eagle Ford Shale.
However, industry analysts and longtime insiders say the Eagle Ford Shale play and the oil boom in Texas shouldn't be much impacted in the second term of Obama's administration.
John Braudway, a longtime oil industry man in Karnes County, is not in favor of Obama's policies, but he doesn't expect the president will do much to curtail production of oil and natural gas in the Eagle Ford Shale.
"It's not in his interest to shut it down," Braudway said.
During his re-election campaign, Obama made becoming less dependent on foreign oil a part of his platform, while touting the benefits of the wealth of cheap natural gas now flowing in this country and noting how shale plays have helped the country as it continues to creep toward economic recovery.....
Read the whole story here
http://m.victoriaadvocate.com/news/2012/nov/10/dw_efs_election_111112_193592/? business&local-business
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