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Exxon's big bet on shale gas

CNN Money -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil and he starts reminiscing about his days as a young engineer. It was 1976, and Tillerson had been sent to East Texas for his second assignment at the company. His job was to follow around rigs drilling for natural gas and "complete" the wells. That meant experimenting with a process known as hydraulic fracturing, or fracking. By pumping water, sand, and chemicals down into a well at high pressure, he could cause cracks in the stone where the gas was trapped and allow more of it to flow.

For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history.

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Submitted Apr 16, 2012 By: BurntOrange

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ExplorerWA Champion Author Washington Posts:4,088 Points:798,225 Joined:Feb 2011	Message Posted: Apr 16, 2012 9:30:50 PM Ignore ExplorerWA Report Abuse Let's develop a real energy plan and develop all of our resources.
ChristinaCricke Champion Author New Jersey Posts:3,748 Points:768,550 Joined:Mar 2011	Message Posted: Apr 16, 2012 9:07:19 AM Ignore ChristinaCricke Report Abuse MMMMMMMMMMMMmmmmmmmmmmm
YaBassa Champion Author Michigan Posts:2,435 Points:518,075 Joined:Nov 2011	Message Posted: Apr 16, 2012 8:36:18 AM Ignore YaBassa Report Abuse "Tillerson brushes aside environmental concerns as manageable and overblown." I wouldn't expect anything different from a Big Oil millionaire.
billk44077 Champion Author Cleveland Posts:3,182 Points:632,530 Joined:Aug 2011	Message Posted: Apr 16, 2012 8:27:14 AM Ignore billk44077 Report Abuse not a bet, it's a sure thing
GasholeMI Champion Author Lansing Posts:10,144 Points:1,719,265 Joined:Jul 2008	Message Posted: Apr 16, 2012 8:19:30 AM Ignore GasholeMI Report Abuse And I thought this was new technology.
djwhit Champion Author Ohio Posts:3,017 Points:1,209,430 Joined:Jul 2009	Message Posted: Apr 16, 2012 8:14:29 AM Ignore djwhit Report Abuse GET IT DONE.........
Marty_P All-Star Author Baton Rouge Posts:748 Points:1,464,800 Joined:Aug 2008	Message Posted: Apr 16, 2012 8:12:38 AM Ignore Marty_P Report Abuse You have to pay to play...
jppezz Champion Author New Mexico Posts:8,596 Points:1,693,535 Joined:Jun 2008	Message Posted: Apr 16, 2012 8:11:33 AM Ignore jppezz Report Abuse We need it,we have it,so lets use it.
payogie Champion Author Atlanta Posts:1,047 Points:301,510 Joined:Feb 2005	Message Posted: Apr 16, 2012 8:08:09 AM Ignore payogie Report Abuse Ok.