I'm glad that this is happening all over the country, but this statement from the article bothers me;
"....Major industry players have joined the Eagle Ford project, including Anadarko, Range Resources and Shell. Chesapeake Energy of Oklahoma City signed a multi-billion dollar deal with the Chinese state-owned oil company to raise cash to drill in the shale."
The Chinese State-owned oil company?
So are they going to collect the oil themselves or collect on the sale??
My problem is that the US Gov't is so freaking backwards right now they won't allow off shore drilling, and won't openly sponsor new drilling in the continental US or Alaska, but they'll allow the Chinese to sponsor it??
Personally, I wish the US would drill everywhere we know there's oil, ramp up domestic and offshsore exploration, and explore the possibility of conversion to natural gas for vehicles.
We know there is massive, massive deposits of natgas. It burns cleaner and more effectively as well.
South Texas enjoys major boom from oil fracking - Yahoo! News