Whole Fracking World Eyes U.S. Shale: Hot off the Griddle

Good afternoon, and welcome back to the Griddle, a menu of fortified items for the busy person's media diet. The world wants to frack. Even as the U.S. debates tainted water and earthquakes linked to hydraulic fracturing for natural gas, companies from China, Europe and Japan are buying up North American stakes to gain the expertise and land rights to do it themselves. In the last two weeks alone, energy producers from China, France and Japan have committed $8.3 billion to U.S. and Canadian shale rock for drilling. Shale acquisitions helped push overseas offers for U.S. oil and gas fields to $51billion last year. Scott Hanold, a Minneapolis-based analyst for RBC Capital Markets, told Bloomberg News reporter Joe Carroll, "There's not a lot of fear of regulation right now."

And now this week's Best of Bloomberg Sustainability:

Chinese Companies Prefer Dying to Being Bought
Exxon’s Shale Driller Tightens Drug Testing for Rig Workers
Ohio Mayor Buys Quake Insurance as He Seeks Answers on Fracking
Boeing Betrayal Stirs Wichita After City Helped Win Tanker Bid
Apple’s Siri Feature Doubles IPhone Data Usage
CO2 Shortage Hurts Cool Beverages on Hot Continent
Patagonia Road Tests New Sustainability Legal Status
Paradise Lost for Aussie Surfboard Makers Amid China Imports
Energy Giants Undeterred by Quakes Seek Shale Stakes in ‘Runway to Growth’
Local Food Safety Concerns Drive Chinese to Nestle, Heinz
China No Country for Old Men as ‘Demographic Tsunami’ Begins

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