Norway's Statoil buys US shale gas land

[dipsydoodle]

Source: Associated Press

OSLO, Norway (AP) — Norwegian energy company Statoil ASA says it has bought 70,000 acres of land rich in gas and liquid gas in West Virginia and Ohio.

The $590 million deal expands the company's assets in the Marcellus Shale gas deposits in the Appalachian region.

Company spokesman Baard Glad Pedersen said Statoil bought the latest acreage from unlisted companies Grenadier Energy Partners, Protege Energy and PetroEdge Energy.

Statoil entered the Marcellus in 2008 through a partnership with Chesapeake Energy.

Read more: http://bigstory.ap.org/article/norways-statoil-buys-us-shale-gas-land

[annabanana]

1. But but but.. The Ads all say that will be

AMERICAN energy!

[Champion Jack]

2. Yeah, 100 years of AMERICAN energy independence...

Bullshit.
poisoning our land and water so that multinational corporations can sell natural gas overseas.
Which, will drive prices up here as well.

[FrodosPet]

4. Statoil is 67% owned by the Norwegian government

So at least the citizens of Norway are the primary beneficiaries of a socialized energy company.

[Ikonoklast]

3. Any oil or gas that can be exported for a higher price on the world market, will be exported.

If anyone thinks that Americans will benefit from lower prices from the discovery of these energy resources, they've been listening to the Bullshit Fairy.

Last year, this nation exported record amounts of refined gasoline, diesel, and other petroleum products to the world market...and that trend is not lessening.

Wonder why your gasoline and food prices are still high?

Get used to it.

[grntuscarora]

5. The article says they bought the land itself.

Not just leases to drill???
Wow.

We're being sold off and sold out.