ConocoPhillips chief: ‘Misinformation and fear’ could thwart shale energy boom
Production of oil and natural gas from shale rock formations has sparked a boom in U.S. energy production, helping to drive natural gas production to record levels and oil production to a 20-year high.
But use of the controversial development method, dubbed “fracking,” has prompted concerns about air pollution and water contamination where development is booming.
Industry groups contend that concerns about fracking have been badly overstated and say the method is safe.
Lance accused critics of “creating fear” and touted steps he said the industry is taking on water conservation, disclosure of chemicals and other areas.
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