The Indiana State University Board of Trustees approved a measure Friday that would allow university officials to begin negotiations with an oil company that wants to search for oil on the ISU campus.
No deals have been made with Illinois-based Pioneer Oil Company, but Vice President of Business Affairs Diann McKee says the university has known about the oil reservoir for many years.
“Certainly the price of oil now as well as the advances in technology make this far more feasible than it has ever been previously, ”
McKee says she cannot say how the money from the deal might be used. Most of that depends on how much, if any, oil can be extracted.
Several students have expressed concern about the project. President of ISU’s Environmental Club Julie Whitaker says she felt the university was not giving the students enough information.
“We didn’t know where it was going to be located, if there was going to be sound that was going to irritate us,” she says. “We didn’t know if there would be odor. We didn’t know the pollution that this drilling would bring about if they started it on campus.”
Whitaker and other students met with ISU president Dan Bradley on Thursday. University officials say the drilling will occur on the perimeters of campus and they’ve promised to shut down the project if it becomes disruptive.