Friday, August 31, 2012

Australian Government Suspends Fracking -- "Moratorium" Is The Exact Word Used

Link here to Oil and Gas Journal.
The Victorian government imposed a moratorium on hydraulic fracturing pending legislative changes to implement new standards for the oil and gas industry.

The ban is not expected to impact any current leaseholders.

Victorian Resources Minister Michael O’Brien said the hold would remain effective until implementation of a national regulatory framework for regulating coal seam gas and fracing.
The ban is not expected to impact any current leaseholders. We are from the federal government. We are here to help.