{"id":85685,"date":"2009-12-16T17:59:00","date_gmt":"2009-12-16T22:59:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/will-exxon-xmo-be-saved-by-the-frack-2009-12"},"modified":"2009-12-16T17:59:00","modified_gmt":"2009-12-16T22:59:00","slug":"congress-weighs-anti-fracking-law-that-could-demolish-the-exxon-xto-deal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/85685","title":{"rendered":"Congress Weighs Anti-Fracking Law That Could Demolish The Exxon-XTO Deal"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=e27a6c79b835b1498e1d0b00\" border=\"0\" alt=\"exxon ceo tillerson tbi\" \/><\/p>\n<p>Despite Exxon&#8217;s announcement Monday that it will acquire XTO Energy, a major player in natural gas and unconventional shale, it&#8217;s still too early to celebrate the arrival of the natural gas era.&nbsp;&nbsp;&nbsp;&nbsp; <br \/>If Congress decides that hydraulic fracturing, aka fracking, contaminates underground drinking water, Exxon can back out of the deal.<a href=\"http:\/\/blogs.wsj.com\/environmentalcapital\/2009\/12\/16\/frack-attack-will-congress-kill-the-exxon-xto-merger\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+wsj%2Fenvironmentalcapital%2Ffeed+%28WSJ.com%3A+Environmental+Capital+-+WSJ.com%29&amp;utm_content=Google+Reader\"><\/a><\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/blogs.wsj.com\/environmentalcapital\/2009\/12\/16\/frack-attack-will-congress-kill-the-exxon-xto-merger\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+wsj%2Fenvironmentalcapital%2Ffeed+%28WSJ.com%3A+Environmental+Capital+-+WSJ.com%29&amp;utm_content=Google+Reader\">WSJ.com<\/a>: If Congress does act, a number of well-known companies &ndash; such as Chesapeake Energy, Petrohawk, Range Resources and Devon &ndash; could face an impact. Fracking involves pumping thousands and thousands of gallons of water mixed with sand and drilling fluids into dense rock formations.<\/p>\n<p style=\"padding-left: 30px;\">&#8230;<\/p>\n<p style=\"padding-left: 30px;\">Critics contend the practice can cause pollution, especially to drinking water, a charge the industry rejects.<\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/environmentalcapital\/2009\/12\/16\/frack-attack-will-congress-kill-the-exxon-xto-merger\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+wsj%2Fenvironmentalcapital%2Ffeed+%28WSJ.com%3A+Environmental+Capital+-+WSJ.com%29&amp;utm_content=Google+Reader\">Continue reading here.<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/will-exxon-xmo-be-saved-by-the-frack-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/exxons-xto-buy-is-a-direct-affront-to-the-russians-2009-12\">Exxon&#8217;s XTO Buy Is A Direct Affront To The Russians<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/with-xto-acquired-by-exxon-here-are-the-next-players-to-get-snapped-up-2009-12\">With XTO Acquired By Exxon, Here Are The Next Players To Get Snapped Up<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/exxon-heres-why-we-just-spent-41-billion-on-natural-gas-2009-12\">Exxon: Here&#8217;s Why We Just Spent $41 Billlion On Natural Gas<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/58H0iVp8bl4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite Exxon&#8217;s announcement Monday that it will acquire XTO Energy, a major player in natural gas and unconventional shale, it&#8217;s still too early to celebrate the arrival of the natural gas era.&nbsp;&nbsp;&nbsp;&nbsp; If Congress decides that hydraulic fracturing, aka fracking, contaminates underground drinking water, Exxon can back out of the deal. WSJ.com: If Congress does [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-85685","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/85685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=85685"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/85685\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=85685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=85685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=85685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}