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Picassa

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Picassa

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Tuesday, 04/19/2011 4:40:41 PM

Tuesday, April 19, 2011 4:40:41 PM

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U.S. oil company Toreador Resources Corp. has bet big on pumping millions of barrels of oil locked away in deep shale rock formations in northeastern France. But it could be some time before this oil sees the light of day.

Amid growing concern over the environmental impact of drilling for shale gas and oil, the French government is considering banning exploration in the country—a first in Europe.

"We have all our eggs in this one basket," said Toreador Chief Executive Officer Craig McKenzie. "It's unthinkable that all drilling could be banned."

http://online.wsj.com/article/SB10001424052748703922504576273023015148798.html?ru=yahoo&mod=yahoo_hs

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