Chu: Government oversight is needed for fracking tech

04/11/2012 | Bloomberg

The U.S. must regulate hydraulic fracturing technologies because even as the drilling industry acts responsibly, there may still be loopholes taken, said Energy Secretary Steven Chu. "The technology for recovering oil and gas through hydraulic fracturing has really raced ahead. ... There has to be a regulatory role because there may be some people who want to cut corners," Chu said.

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