Thanks Dwain Wilder for the wonderful news! A Texas jury has just created a whopping insurance problem for frackers. To date, one of the issues in industrial insurance has been whether all the undesirable consequences of fracking were intentional or incidental and not intentional. Heres what that jury said: A six-member Dallas County jury came back at 2:30 p.m. Tuesday and agreed with Robert and Lisa Parr that Aruba Petroleum “intentionally created a private nuisance” in drilling, fracking and producing 21 gas wells near their Wise County home over a three-year period from 2008-2011. That makes it case law and legal precedent, which will probably end the insurance debate on the matter. And that might spell the end of frackers ability to insure themselves against loss due to stuff they didnt intend their fracking to do. Wonderful News and its a fitting decision for Earth Day !! Good Omen ! the Earth can be saved !! Vera Scroggins
Posted on: Wed, 23 Apr 2014 02:02:35 +0000
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