The Rising Influence of Rising Affluence

[DewDiligence]

Charlie et al: I agree that the NYT article is somewhat slanted against industry. However, shale gas does seem like a business where regulation needs to be upgraded. The problem, as I see it, is that no alarm bell goes off when the water supply has been compromised by trace amounts of industrial contaminants. By the time such a problem is discovered, irreversible damage to residents’ health may already have occurred.

I would think it would be in the NG industry’s interests to be arguing for tighter regulation of shale drilling in order to avert an outcome similar to what happened in Woburn, MA (the impetus for the 1998 movie, “A Civil Action”). Regards, Dew