Monday, May 6, 2013

Scenic, struggling Southern Illinois braces for oil rush : Business

Scenic, struggling Southern Illinois braces for oil rush : Business

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 n Illinois, the industry is eyeing the New Albany Shale formation and could begin drilling as soon as this summer if the legislature passes regulations introduced in February. That’s not a problem for many people in Illinois counties where conventional oil and gas drilling has been going on for over a century.

“Where we operate now, people aren’t afraid,” said Brad Richards, executive vice president of the Illinois Oil and Gas Association, who says fracking is safe and concerns about its environmental impact overblown.

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