General Electric is investing a whole lot of money to capitalize on the growth in shale energy, writes Sarah Rae Fruchtnicht at the web site Opposing Views.



Fruchtnicht: "General Electric Co. is investing billions of dollars to research and improve hydraulic fracturing, fracking, for oil and gas. GE plans to open a laboratory in Oklahoma in an attempt to make fracking more profitable for clients and reduce harmful environmental and health effects.



"While the company doesn’t drill for oil or gas, senior vice president Mark Little says the boom in fracking plays to GE’s strengths. As wells are dug horizontally and very deeply in a variety of stratum across the country, each area could require completely different techniques.



"'We like the oil and gas base because we see the need for resources for a long time to come,' Little said.



"Until a decade ago, GE had nothing to do with the oil and gas industry. In the last few years, they’ve invested more than $15 billion."



Read the entire story here.