TV News LIES

Sunday, Jun 26th

Last update05:20:13 AM GMT

You are here News Environment Former Mobil VP Warns of Fracking and Climate Change

Former Mobil VP Warns of Fracking and Climate Change

E-mail Print PDF

FrackingFew people can explain gas and oil drilling with as much authority as Louis W. Allstadt. As an executive vice president of Mobil oil, he ran the company's exploration and production operations in the western hemisphere before he retired in 2000.

In 31 years with the company he also was in charge of its marketing and refining in Japan, and managed its worldwide supply, trading and transportation operations. Just before retiring, he oversaw Mobil's side of its merger with Exxon, creating the world's largest corporation.

The first in a modest Long Island German-American family to graduate from college (the US Merchant Marine Academy), Allstadt got a master’s degree in business administration from Columbia University then was hired by Mobil. Before his retirement he wasn't aware of a new, sophisticated form of rock fracture, high-volume hydraulic fracturing, developed only in the late 1990s. "It just wasn't on our radar at that time," he said. "We were heavily focused on developing conventional oil and gas offshore in deep water."

Quaint, arty Cooperstown, home of the Baseball Hall of Fame, is perched on the shores of Lake Otsego, which supplies drinking water to the village and glimmering, placid expanses for kayakers and boaters. Allstadt launched his leisure years in this idyllic spot, intending to leave the industry behind. He founded an art gallery with his wife, Melinda Hardin, made pottery, kayaked, taught other people to kayak, and played tennis. But then friends started asking him questions about fracking - it had been proposed near the lake.

More...


Most Recent Related Stories...


Pink Snow Looks Awesome, But Is Another Climate Change Indicator

Pink snow sign of climate changeSome call it pink snow, some call it watermelon snow — and now, a new study...

New wildfires erupt in California as heatwave strikes west coast

New wild fires erupt in CaliforniaNew wildfires erupted Monday in southern California and chased people from their homes as an intensifying...

29,400 Barrels of Crude Oil Spill in California

Oil pipeline spill in CaliforniaSouthern California authorities have revised the estimated size of a crude oil pipeline spill down to...

Southwest braces for heat wave with temps reaching 120

heat wave coming to southwest USIn 120 degree temperatures, some airplanes might not take off. Power grids strain as the outside...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!