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CBS – 60 Minutes & Aubrey McClendon on Fracking and Shale Gas

by Kenneth E. DuBose on July 14, 2011

CBS 60 Minutes ran a supplement to its program from last year about Hydraulic Fracturing. The segment had an interview where Aubrey McClendon of Chesapeake made debated in favor of shale gas. He also defended the practice of fracking wells in explaining we have discovered the equivalent of two Saudi Arabias of gas by utilizing multi-state hydraulic fracturing.

Let’s hope we get more and more industry leaders in the news to help improve the public perception of oil & gas development. Shale gas is a good product that we have here in America. We’re discovering more oil in the Bakken, Eagle Ford, and other shale plays, but we have multiple times more natural gas.

“What is increasingly evident is that shale gas is overwhelmingly abundant right here in the U.S.A.

” ‘In the last few years, we’ve discovered the equivalent of two Saudi Arabias of oil in the form of natural gas in the United States. Not one, but two,’ Aubrey McClendon, the CEO of Chesapeake Energy, told ’60 Minutes’ correspondent Lesley Stahl.”

“Gas has nearly half the carbon emissions of coal, and no mercury.”

” ‘But natural gas is still a fossil fuel,’ Stahl pointed out.”

” ‘So is it perfect? No,’ McClendon said. ‘The answer is it’s not perfect. But for the next 20 years, natural gas is probably our best bet. And the good news is, we’ve got it. And we’ve got as much of it as anybody else in the world.’ “

Read the full news release at CBSNews.com

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