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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:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Nov 30, 2012 5:57:44 AM Ignore honda0105 Report Abuse pilot: ROFL.
pilotmass Champion Author Boston Posts:1,808 Points:499,685 Joined:Jul 2011	Message Posted: Nov 28, 2012 1:09:57 PM Ignore pilotmass Report Abuse Just waiting for cartoon with an oil derrick holding up goal posts.....
drpepperTX Champion Author Texas Posts:8,929 Points:750,035 Joined:Apr 2011	Message Posted: Nov 28, 2012 10:13:20 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:8,137 Points:1,629,410 Joined:Oct 2008	Message Posted: Nov 28, 2012 7:45:35 AM Ignore Wizrd03 Report Abuse Any revenue stream to lower tuition costs will be welcome
SkooterG Champion Author Phoenix Posts:1,359 Points:327,835 Joined:May 2012	Message Posted: Nov 28, 2012 3:01:48 AM Ignore SkooterG Report Abuse Good luck with that.
bston Champion Author Oklahoma City Posts:1,805 Points:639,350 Joined:Mar 2011	Message Posted: Nov 28, 2012 1:18:24 AM Ignore bston Report Abuse Almost sounded funny!
Zonk Champion Author Michigan Posts:6,466 Points:2,099,840 Joined:Oct 2005	Message Posted: Nov 28, 2012 12:28:13 AM Ignore Zonk Report Abuse It won't do anything but generate more $$$$$$ for the professors.
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Nov 28, 2012 12:21:08 AM Ignore crreed1 Report Abuse what the matter with sports ?
JoeKR Champion Author New Jersey Posts:9,458 Points:1,742,295 Joined:Feb 2006	Message Posted: Nov 28, 2012 12:15:35 AM 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:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 28, 2012 12:13:37 AM 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:15,631 Points:2,526,655 Joined:Apr 2006	Message Posted: Nov 28, 2012 12:12:41 AM Ignore gocatgo Report Abuse If it will bring the cost of a college degree down, why not.
Aviator_Rob Champion Author New York Posts:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 28, 2012 12:11:04 AM 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:3,378 Points:1,266,235 Joined:Oct 2008	Message Posted: Nov 28, 2012 12:09:52 AM Ignore otherdave Report Abuse As long as they're not going Girls Gone Wild!!!
Aviator_Rob Champion Author New York Posts:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 28, 2012 12:09:20 AM 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:7,075 Points:1,322,185 Joined:May 2006	Message Posted: Nov 28, 2012 12:07:16 AM 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:2,453 Points:660,025 Joined:Jan 2010	Message Posted: Nov 28, 2012 12:05:29 AM Ignore rahcat Report Abuse Stupid
pepinoNC Champion Author Raleigh Posts:2,138 Points:655,865 Joined:May 2011	Message Posted: Nov 28, 2012 12:04:27 AM Ignore pepinoNC Report Abuse Whatever it takes
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,855 Joined:Jun 2005	Message Posted: Nov 28, 2012 12:04:12 AM Ignore jkpsr Report Abuse Why not?
ManOfLeisureII Champion Author Philadelphia Posts:1,859 Points:451,975 Joined:Jan 2012	Message Posted: Nov 28, 2012 12:03:13 AM Ignore ManOfLeisureII Report Abuse Drill, Baby, drill
wz Champion Author Twin Cities Posts:2,474 Points:1,274,390 Joined:Feb 2009	Message Posted: Nov 28, 2012 12:02:05 AM 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:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Nov 28, 2012 12:01:33 AM 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:3,193 Points:514,850 Joined:Jul 2011	Message Posted: Nov 28, 2012 12:00:21 AM Ignore bvrbill Report Abuse Turning our universities into profit centers?
Aviator_Rob Champion Author New York Posts:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:58:39 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:774 Points:139,140 Joined:Jun 2008	Message Posted: Nov 27, 2012 11:56:27 PM Ignore gsayeg1 Report Abuse oh bot! Another reason for a frat party!
suzmar Champion Author Texas Posts:2,210 Points:869,225 Joined:Jun 2006	Message Posted: Nov 27, 2012 11:55:35 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 11:55:27 PM Ignore PissedATthePump Report Abuse And state forest land here in PA.
vulcan96 Champion Author Ohio Posts:26,879 Points:3,100,750 Joined:Aug 2004	Message Posted: Nov 27, 2012 11:53:21 PM Ignore vulcan96 Report Abuse hmmmm - schools get 35%, students get 15% - greed at its finest
Aviator_Rob Champion Author New York Posts:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:51:01 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:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:48:52 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:1,246 Points:248,640 Joined:May 2012	Message Posted: Nov 27, 2012 11:48:03 PM Ignore VikingWoman Report Abuse ...and educational
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Nov 27, 2012 11:47:36 PM Ignore mstearno Report Abuse money is green
snerd All-Star Author Pennsylvania Posts:930 Points:652,075 Joined:May 2005	Message Posted: Nov 27, 2012 11:45:19 PM Ignore snerd Report Abuse Hmmm
g747 Champion Author Mobile Posts:4,521 Points:929,670 Joined:Jul 2009	Message Posted: Nov 27, 2012 11:45:11 PM Ignore g747 Report Abuse Desperate times; desperate money woes!!!!!.
Aviator_Rob Champion Author New York Posts:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:45:00 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:3,776 Points:410,615 Joined:Mar 2012	Message Posted: Nov 27, 2012 11:43:35 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:3,958 Points:1,505,100 Joined:Jun 2005	Message Posted: Nov 27, 2012 11:39:28 PM Ignore kcboy Report Abuse ok
nwsynthetics Champion Author Oregon Posts:1,014 Points:344,475 Joined:Dec 2011	Message Posted: Nov 27, 2012 11:37:06 PM Ignore nwsynthetics Report Abuse The will pay for everyone to go to college
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,980 Joined:Mar 2006	Message Posted: Nov 27, 2012 11:35:25 PM Ignore Dodge_Me Report Abuse Hmm
gd83goldwinger Champion Author South Bend Posts:1,428 Points:501,980 Joined:May 2011	Message Posted: Nov 27, 2012 11:34:33 PM Ignore gd83goldwinger Report Abuse I'll wait and see how this plays out.
bonzoonfmb Champion Author Florida Posts:1,767 Points:641,660 Joined:Feb 2010	Message Posted: Nov 27, 2012 11:33:08 PM Ignore bonzoonfmb Report Abuse Good idea? Bad idea?
Isea11 Champion Author New York Posts:1,007 Points:385,250 Joined:Dec 2011	Message Posted: Nov 27, 2012 11:32:37 PM Ignore Isea11 Report Abuse Don't think they will really lower tuition.
drobbbb Champion Author Maryland Posts:3,460 Points:809,210 Joined:Dec 2010	Message Posted: Nov 27, 2012 11:31:16 PM Ignore drobbbb Report Abuse little desparation
mrselfdestruct All-Star Author Arkansas Posts:987 Points:165,200 Joined:Aug 2011	Message Posted: Nov 27, 2012 11:27:50 PM Ignore mrselfdestruct Report Abuse Put them on well water too.
Mr_Bill_W All-Star Author Virginia Posts:566 Points:356,010 Joined:Feb 2012	Message Posted: Nov 27, 2012 11:18:36 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:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Nov 27, 2012 11:17:00 PM Ignore wayoung56 Report Abuse Cool!!!
Gas4Gore Champion Author Detroit Posts:2,401 Points:419,875 Joined:Jan 2010	Message Posted: Nov 27, 2012 11:14:23 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 11:14:13 PM Ignore nordiqueen Report Abuse Lets do this already!
goldrose1 Champion Author Cleveland Posts:10,926 Points:1,922,555 Joined:Feb 2005	Message Posted: Nov 27, 2012 11:09:25 PM Ignore goldrose1 Report Abuse Bring down tuition costs.
pgerassi Champion Author Milwaukee Posts:10,882 Points:2,129,500 Joined:Apr 2007	Message Posted: Nov 27, 2012 11:07:15 PM Ignore pgerassi Report Abuse Money talks.
serrog Champion Author Nova Scotia Posts:5,549 Points:1,509,205 Joined:Oct 2008	Message Posted: Nov 27, 2012 11:06:00 PM Ignore serrog Report Abuse What next?