Bulgaria bans Chevron from using 'fracking'

Nice to know the government there at least listens to the people. Does not happen in the U.S. anymore. We have 'fracking'. And yes, I feel as though I am being 'fracked'. Ron Paul would stop it.

Frack Chevron!

That's real good news...Chevron getting told to sling its hook.
They bought out Petroleum Direct, the wee Canadian company which originally made the find up Pleven way, when it became known, the size of the gas potential.
Bulgaria doesn't have extensive Oil and Gas legislation in anything like the countries surrounding the UK Continental shelf, (ever noticed the distinct lack of any significant Chevron presence in UK waters)
Chevron plainly thought to them selves "We're gonna make a killing here...there's no rules, so we wont be breaking any when we inevitably wreck the BG environment"
Ha bloomin Ha !
What Chevron didnt bank on was the Bulgarian sense of self-determination, nor did they expect the bolt from the blue that shot them right in the backside in the form of the very extensive Environmental legislation that does exist in BG, in particular trhe huge swathe that is primarily concerned with the Subterranean Environment.
Ouch ! that's gotta hurt..all that dough paid out for PD, all the smarmy buttering up that went on courtesy of the US ambassador (check out The Sofia Echo and Novinite online for loadsa detail on that bit of skullduggery)...and no Production rights to show for it.

From the above article : " It has said Chevron would prepare a five-year project worth euro50 million ($72 million) and invest euro4 million ($5.8 million) on environment protection."

Peanuts...in oill and gas industry terms.....the likes of Shell waste more than that every day in just the Central North Sea.
Offering peanuts to monkeys, as Chevron obviosly take the Bulgarians for.
BIG mistake !
Bulgaria, contrary to a lot of popular opinion, is not some backward third world country, to be bought off with a few peanuts, baubles, bright shiny things and as many freebie Tellies n stuff that characterised much of the way that business was conducted in early UK Oil business.
Bulgarians are in fact a very sophisticated and technolgically aware nation.
Aye, Chevron...they even have access to the Net , and know all about the disgrace that is the shale oil industry in the US, and the reams of pending court cases from folks that have had their lives blighted by Fracking and the inevitable pollution with subsequent health issues arising from it.
Now dont get me wong here, there certainly was a fair bit of snout-dipping going on by various BG politicians (including Bati Boyko - again , check out Novinite or if you can read Bulgarian , look through back issues of 24 уаса) ...but know what ?
Even they knew where to draw the line .
The Bulgarian people are large are fiercely proud of their country and have a huge sense of national identity.
It took them a long time to kick the Turks out of Bulgaria after many years of brutality, and ther's no way on this earth that they are going to go down the road of handing their land over to some foreign exploitation.

So ...bye bye Chevron, and close the door on the way out. ...and take your peanuts with you

Брабо на Булгарски

Bulgaria you are the smartest country on the planet KEEP YOUR GROUND WATER CLEAN