An interesting development for the Oil and Gas industry occurred when France voted to put a ban on fossil fuel extraction from shale. Should this pass and become law it might be a foreshadowing of things to come within the industry. Is environmentalists were to make more gains in the US and prevent, or even just slow, the extraction of gas from shale we could see the price of natural gas increase. With ample supply available now, prices have dropped and stayed low compared to Oil’s rebound from the recent recession lows.
As far as companies, higher prices would be a good thing but for certain companies (such as Chesapeake Energy) the land rights purchased might not become dead weight on the books and result in losses.
All of this is down the road and I do not think the ban on fracking will become an issue, let alone in the US, in any short order; but worth a watch.