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Companies Prospecting for Oil and Gas on College Campuses

Education News -- Colleges and universities that are struggling to soften the financial blow brought on by cuts in state funding might be looking at an old, but suddenly new again, revenue stream: oil. Several institutions of higher education have recently hosted representatives of oil and natural gas mining companies who are exploring whether the land under their campus could be viable for exploitation by the new ‘fracking’ method of pulling natural resources from below the surface.

Jeffery Stone, an environmental science professor at the Indiana State University, recently witnessed such an experiment. An oil company’s seismic shaker trucked rolled slowly over the campus street sending out pulses every eight seconds trying to map out any oil reserves hiding below the grass and concrete.

Indiana isn’t

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Submitted Nov 27, 2012 By: bar1035

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Nov 30, 2012 4:57:44 AM Ignore honda0105 Report Abuse pilot: ROFL.
pilotmass Champion Author Boston Posts:1,971 Points:530,310 Joined:Jul 2011	Message Posted: Nov 28, 2012 12:09:57 PM Ignore pilotmass Report Abuse Just waiting for cartoon with an oil derrick holding up goal posts.....
drpepperTX Champion Author Texas Posts:9,165 Points:779,850 Joined:Apr 2011	Message Posted: Nov 28, 2012 9:13:20 AM Ignore drpepperTX Report Abuse "Wow, people who have such a keen dislike for government really should try anarchy for awhile." -AviatorRob =============================================== Those that have such a love for government intrusion into every aspect of their lives, like A-Rob above, should move to North Korea and give it a whirl.
Wizrd03 Champion Author Illinois Posts:8,293 Points:1,660,035 Joined:Oct 2008	Message Posted: Nov 28, 2012 6:45:35 AM Ignore Wizrd03 Report Abuse Any revenue stream to lower tuition costs will be welcome
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Nov 28, 2012 2:01:48 AM Ignore SkooterG Report Abuse Good luck with that.
bston Champion Author Oklahoma City Posts:1,955 Points:669,990 Joined:Mar 2011	Message Posted: Nov 28, 2012 12:18:24 AM Ignore bston Report Abuse Almost sounded funny!
Zonk Champion Author Michigan Posts:6,626 Points:2,130,690 Joined:Oct 2005	Message Posted: Nov 27, 2012 11:28:13 PM Ignore Zonk Report Abuse It won't do anything but generate more $$$$$$ for the professors.
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Nov 27, 2012 11:21:08 PM Ignore crreed1 Report Abuse what the matter with sports ?
JoeKR Champion Author New Jersey Posts:9,609 Points:1,761,815 Joined:Feb 2006	Message Posted: Nov 27, 2012 11:15:35 PM Ignore JoeKR Report Abuse First let's learn why higher education has been needing to raise tuition year after year, along with the medical field - always surpassing the cost of living.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:13:37 PM Ignore Aviator_Rob Report Abuse Nobody said we would run out of oil, @wz. The problem is what to do when oil is so expensive that you would never think of wasting it by simply burning it. Plenty of things like plastics, fertilizer, and pharmaceuticals are made from petroleum products.
gocatgo Champion Author South Carolina Posts:15,829 Points:2,558,215 Joined:Apr 2006	Message Posted: Nov 27, 2012 11:12:41 PM Ignore gocatgo Report Abuse If it will bring the cost of a college degree down, why not.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:11:04 PM Ignore Aviator_Rob Report Abuse Wow, people who have such a keen dislike for government really should try anarchy for awhile.
otherdave Champion Author Indiana Posts:3,535 Points:1,296,860 Joined:Oct 2008	Message Posted: Nov 27, 2012 11:09:52 PM Ignore otherdave Report Abuse As long as they're not going Girls Gone Wild!!!
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:09:20 PM Ignore Aviator_Rob Report Abuse "Drill, baby, drill" @ManOfLeisureII? How about in your backyard? Or better yet, how about under your house? Still so eager?
defiancegasman Champion Author Ohio Posts:7,099 Points:1,327,520 Joined:May 2006	Message Posted: Nov 27, 2012 11:07:16 PM Ignore defiancegasman Report Abuse BIG OIL would be better off trying to the brightest minds for the Colleges and universities!
rahcat Champion Author Grand Rapids Posts:2,692 Points:690,875 Joined:Jan 2010	Message Posted: Nov 27, 2012 11:05:29 PM Ignore rahcat Report Abuse Stupid
pepinoNC Champion Author Raleigh Posts:2,296 Points:686,490 Joined:May 2011	Message Posted: Nov 27, 2012 11:04:27 PM Ignore pepinoNC Report Abuse Whatever it takes
jkpsr Champion Author New Jersey Posts:4,212 Points:1,128,890 Joined:Jun 2005	Message Posted: Nov 27, 2012 11:04:12 PM Ignore jkpsr Report Abuse Why not?
ManOfLeisureII Champion Author Philadelphia Posts:2,020 Points:481,775 Joined:Jan 2012	Message Posted: Nov 27, 2012 11:03:13 PM Ignore ManOfLeisureII Report Abuse Drill, Baby, drill
wz Champion Author Twin Cities Posts:2,625 Points:1,304,935 Joined:Feb 2009	Message Posted: Nov 27, 2012 11:02:05 PM Ignore wz Report Abuse Oil companies have always known they could restart operations at their closed wells when prices rose to exceed the cost of extraction, unless they have plentiful supplies available at lower extraction costs. Just another reason this country will not run out of oil in the foreseeable future.
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Nov 27, 2012 11:01:33 PM Ignore DEG Report Abuse Sounds like a dance with the devil; almost as bad as being wed to the government.
bvrbill Champion Author Eugene Posts:3,445 Points:546,325 Joined:Jul 2011	Message Posted: Nov 27, 2012 11:00:21 PM Ignore bvrbill Report Abuse Turning our universities into profit centers?
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 10:58:39 PM Ignore Aviator_Rob Report Abuse It's one thing to say that oil revenue funds Texas' state university system, @suzmar, but this is actually drilling for oil on campus. Like I said earlier, I can't wait for the blowout. It'll be great to watch Big Oil try to put a happy face on a huge catastrophe.
gsayeg1 All-Star Author Milwaukee Posts:880 Points:151,560 Joined:Jun 2008	Message Posted: Nov 27, 2012 10:56:27 PM Ignore gsayeg1 Report Abuse oh bot! Another reason for a frat party!
suzmar Champion Author Texas Posts:2,224 Points:897,080 Joined:Jun 2006	Message Posted: Nov 27, 2012 10:55:35 PM Ignore suzmar Report Abuse Oil has funded Texas schools for decades.
PissedATthePump All-Star Author Pennsylvania Posts:507 Points:119,580 Joined:May 2012	Message Posted: Nov 27, 2012 10:55:27 PM Ignore PissedATthePump Report Abuse And state forest land here in PA.
vulcan96 Champion Author Ohio Posts:27,145 Points:3,126,955 Joined:Aug 2004	Message Posted: Nov 27, 2012 10:53:21 PM Ignore vulcan96 Report Abuse hmmmm - schools get 35%, students get 15% - greed at its finest
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 10:51:01 PM Ignore Aviator_Rob Report Abuse Rescue, @abcdMA? More like rifle through the pockets of a dead body.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 10:48:52 PM Ignore Aviator_Rob Report Abuse I guess @CCLighthouse doesn't see any value in education. Great way to be shortsighted since ignorance and stupidity never cost society a dime.
VikingWoman Champion Author Washington Posts:1,451 Points:279,530 Joined:May 2012	Message Posted: Nov 27, 2012 10:48:03 PM Ignore VikingWoman Report Abuse ...and educational
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Nov 27, 2012 10:47:36 PM Ignore mstearno Report Abuse money is green
snerd All-Star Author Pennsylvania Posts:935 Points:663,450 Joined:May 2005	Message Posted: Nov 27, 2012 10:45:19 PM Ignore snerd Report Abuse Hmmm
g747 Champion Author Mobile Posts:4,682 Points:961,370 Joined:Jul 2009	Message Posted: Nov 27, 2012 10:45:11 PM Ignore g747 Report Abuse Desperate times; desperate money woes!!!!!.
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 10:45:00 PM Ignore Aviator_Rob Report Abuse Did you notice that the university is only offering a 15% discount on tuition while they take a full 50% of the revenue from the oil? Boy, that's some overhead!
Aviator_Rob Champion Author New York Posts:3,992 Points:441,265 Joined:Mar 2012	Message Posted: Nov 27, 2012 10:43:35 PM Ignore Aviator_Rob Report Abuse Amazing. Just goes to show that big oil wants to frack every square foot of this country, no matter where. Can't wait for the first, on-campus, hydrogen sulfide blowout. If the university is so hard up for money, they should just grow marijuana next to the school cafeteria. They'll earn more.
kcboy Champion Author Utah Posts:4,089 Points:1,533,170 Joined:Jun 2005	Message Posted: Nov 27, 2012 10:39:28 PM Ignore kcboy Report Abuse ok
nwsynthetics Champion Author Oregon Posts:1,019 Points:354,400 Joined:Dec 2011	Message Posted: Nov 27, 2012 10:37:06 PM Ignore nwsynthetics Report Abuse The will pay for everyone to go to college
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Nov 27, 2012 10:35:25 PM Ignore Dodge_Me Report Abuse Hmm
gd83goldwinger Champion Author South Bend Posts:1,428 Points:519,980 Joined:May 2011	Message Posted: Nov 27, 2012 10:34:33 PM Ignore gd83goldwinger Report Abuse I'll wait and see how this plays out.
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,910 Joined:Feb 2010	Message Posted: Nov 27, 2012 10:33:08 PM Ignore bonzoonfmb Report Abuse Good idea? Bad idea?
Isea11 Champion Author New York Posts:1,154 Points:413,905 Joined:Dec 2011	Message Posted: Nov 27, 2012 10:32:37 PM Ignore Isea11 Report Abuse Don't think they will really lower tuition.
drobbbb Champion Author Maryland Posts:3,595 Points:837,985 Joined:Dec 2010	Message Posted: Nov 27, 2012 10:31:16 PM Ignore drobbbb Report Abuse little desparation
mrselfdestruct Champion Author Arkansas Posts:1,087 Points:184,860 Joined:Aug 2011	Message Posted: Nov 27, 2012 10:27:50 PM Ignore mrselfdestruct Report Abuse Put them on well water too.
Mr_Bill_W All-Star Author Virginia Posts:586 Points:380,460 Joined:Feb 2012	Message Posted: Nov 27, 2012 10:18:36 PM Ignore Mr_Bill_W Report Abuse Not on my campus! The juice is not worth the squeeze if adverse ecological and health impact to the accidemic communities and communities at large is a potential outcome.
wayoung56 Champion Author Alabama Posts:2,925 Points:845,985 Joined:Oct 2006	Message Posted: Nov 27, 2012 10:17:00 PM Ignore wayoung56 Report Abuse Cool!!!
Gas4Gore Champion Author Detroit Posts:2,529 Points:445,200 Joined:Jan 2010	Message Posted: Nov 27, 2012 10:14:23 PM Ignore Gas4Gore Report Abuse Oh no
nordiqueen Rookie Author San Diego Posts:18 Points:81,005 Joined:Oct 2012	Message Posted: Nov 27, 2012 10:14:13 PM Ignore nordiqueen Report Abuse Lets do this already!
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Nov 27, 2012 10:09:25 PM Ignore goldrose1 Report Abuse Bring down tuition costs.
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Nov 27, 2012 10:07:15 PM Ignore pgerassi Report Abuse Money talks.
serrog Champion Author Nova Scotia Posts:5,710 Points:1,540,805 Joined:Oct 2008	Message Posted: Nov 27, 2012 10:06:00 PM Ignore serrog Report Abuse What next?