You can eliminate the strangling regulations
You can eliminate the taxation
The thing we have to remember is that the oil company's operate for profit. If our oil is hard to get at they won't go for it.
They are currently fracking in North and South Dakota and extracting a good amount of oil and gas from those shale deposits. Their next big area is apparently California where large shale deposits are located. CA with its nefarious enviro regulations, and tax burden.
This will be a corporate decision based upon the bottom line. If NC's oil and gas are easy to get at - great but if not it just won't happen.
What will they do with the gas and oil once extracted?
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