Venezuela sought to open a new front in
its months-long verbal assault on the U.S. shale oil industry on Wednesday,
suggesting it posed a grave threat to water supplies. In the latest criticism of
the hydraulic fracturing technology that has yielded a gusher of crude supplies
in Venezuela's biggest oil market, oil minister Asdrubal Chavez cited the
"huge environmental impact" from shale. "This does not seem to
raise any concerns among the governments promoting it or the companies
involved," he told an OPEC seminar in Vienna attended by chief executives
of some of the world's biggest oil companies, including Exxon and BP, both of
which operate in U.S. shale. More…
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