The De-Oil-ification of the Planet 1 of 2… RT 2-23-15… “Chevron ditches last European fracking project in Romania”

Kauilapele's Blog

frack_not_9This is quite a striking event… as the “fracking paradigm” appears to have very much dissolved around the planet.

“US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists. The withdrawal from this fracking project will mark the end of the company’s shale gas exploration in Europe.

“Chevron’s 2014 failure rate stood at 30 percent, as compared to 18 percent in 2013, according to Bloomberg.

“In other parts of Europe, such as Germany and France, fracking is under a moratorium, while the UK’s pursuit of the energy source is bound by strict regulations.

Exxon Mobil and Total, for example, have also quit their shale projects in eastern Europe.

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chevron_sign_big_NOTChevron ditches last European fracking project in Romania

US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists.The…

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