February 12, 2013
Special Counsel Wayne J. D'Angelo was quoted in the Chemistry and Industry Magazine article, "Fraught Fracking Future." The article discussed why domestic shale gas and oil are giving U.S. chemical and other manufacturing industires a real competitive advantage, and the regulatory hurdles the industry is facing. Mr. D'Angelo said, "The U.S. has always been the leader in the oil and gas industry in terms of technology development and implementation. And shale drilling is more suited to the US, compared with Europe, because of its lower population density and established infrastructure in many regions of the country." In addition, he explained, "U.S.. citizens own the rights to oil and gas deposits below their property, which is not the case in many nations in Europe, Asia, Africa and South America."
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