February 25, 2011 07:25 ET
NEW YORK, NY--(Marketwire - February 25, 2011) - Newco Energy Acquisition Holdings (NEAH), LLC and Senior Energy Industry Executive Karl W. Miller today announced their support to ban the use of toxic chemicals in hydraulic fracturing to produce oil and natural gas. Mr. Miller is a major supporter and advocate for the environmentally responsible development and production of Oil and Natural Gas in the U.S.
According to Mr. Miller:
(See: Disclosure of Hydraulic Fracturing Fluids: http://wilderness.org/files/State%20chemical%20disclosure%20requirements.pdf)
There does not appear to be any way for the Oil and Natural Gas industry to lobby itself out of this critical problem, which many industry experts consider a death nail to many natural gas producers. Public opinion is overwhelmingly now against "Hydraulic Fracking" and we see the momentum to ban the practice outright in a majority of the U.S. as irreversible.
Disclaimer: The views expressed are those of NEAH and Mr. Miller. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.
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