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Report: Lifting fracking ban would create economic windfall in NY
Politics on the Hudson ^ | Jun 07, 2011 | Posted by: Jon Campbell

Posted on 06/07/2011 8:28:28 PM PDT by Fitzy_888

New York could see $11.4 billion in economic activity and up to 18,000 new jobs by 2020 if the state allows gas companies to tap the massive Marcellus Shale formation, according to a report released today by a conservative think tank.

The report, paid for by the business-backed Manhattan Institute for Policy Research, found that the state and local governments would gain $1.4 billion in tax revenues alone during the same time period. New York currently has a de facto moratorium on high-volume hydraulic fracturing, a technique used in natural gas extraction in which millions of gallons of water mixed with sand and chemicals is blasted deep underground to unlock gas from shale formations.

The study’s authors—which have penned separate reports partially commissioned by the natural gas industry for Pennsylvania State University—also found that the typical Marcellus Shale gas well reaps about $4 million in economic benefits, while the environmental impacts come to about $14,000 per well.

Their study is based on a prediction of 330 horizontal wells in New York, which primary author Timothy Considine said is a conservative estimate.

“It could be much larger than the numbers projected in my report,” said Considine, a professor at University of Wyoming. “The $11.4 billion number is based on a fairly limited development scenario in the Southern Tier of New York, like Broome and Chemung counties.”

Considine said the drilling estimates are based on activity that has taken place in Bradford, Tioga and Susquehanna counties in Pennsylvania, where high-volume fracking has been permitted since 2008.

The report’s authors, however, have faced criticism for their past work on hydrofracking, including one of the Penn State reports.

A dean at Penn State said that report—which predicted a windfall of economic activity resulting from natural gas in Pennsylvania and spoke out against a proposed severance tax—should have been “more scholarly and less advocacy-minded.”

TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: New York
KEYWORDS: cuomo; hydrofracking; ny
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To: Fitzy_888

Sorry, we are now busy working in other areas that cooperated with business from the beginning. Maybe we can get to your state in a decade or so, after you demonstrate some common sense for a few years.

21 posted on 06/08/2011 5:06:07 AM PDT by thackney (life is fragile, handle with prayer)
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To: Army Air Corps; Defendingliberty; WL-law; Normandy; TenthAmendmentChampion; FrPR; enough_idiocy; ...
Thanx for the ping AAC !


Beam me to Planet Gore !

22 posted on 06/08/2011 5:07:52 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: Chickensoup
What simpering genius came up with the idea of a ban?

People who have their own water wells that are expensive and fragile.

We have used hydraulic fracturing in the country for 6 decades without creating problems with water wells. It is no more a problem than global warming. It is just the latest scam by environmentalists to hold back energy production in this country.

23 posted on 06/08/2011 5:09:32 AM PDT by thackney (life is fragile, handle with prayer)
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To: HiTech RedNeck
Until it comes out of the legislature as a law, there is no moratorium or ban.

If they don't issue the permits citing needs for more study, how is that different than a ban?

24 posted on 06/08/2011 5:10:40 AM PDT by thackney (life is fragile, handle with prayer)
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To: Chickensoup
A team of Duke researchers showed that water wells located close to active drilling sites naturally occuring gas fields had methane levels 17 times higher than water wells located further away.

If it was due to hydraulic fracturing, they could measure chemicals for that operation. But they never have done so.

There has been methane recorded in water wells going back 100 years or more. Many sites in Pennsylvania and other locations have dealt with then long before there was drilling.

Duke Study on Methane in Water Wells

The researchers stated that, despite widespread public concerns about drinking water contamination from hydraulic fracturing, such concerns "lack a strong scientific foundation."

For the wells they examined, the researchers found that methane concentrations generally were higher in samples from water wells located within one kilometer of an active gas well, as compared to samples from water wells located further from any active gas well. But there were exceptions. Further, the researchers found methane in 85 percent of the water wells they sampled, "regardless of gas industry operations." In other words, the researchers found methane in a large majority of the water wells they sampled in the Marcellus area, even when the water wells being sampled were not located near active gas wells.

25 posted on 06/08/2011 5:16:35 AM PDT by thackney (life is fragile, handle with prayer)
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To: VeniVidiVici

Whenever I read articles like that - my first thought is always the situation in Dimmick pa.

26 posted on 06/08/2011 5:20:10 AM PDT by Scotswife
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To: Chickensoup

Methane in Water Wells

Methane gas can occur naturally in water wells and when it does, it presents unique problems for water well drilling contractors.


The gas that causes problems in water wells can occur in either bedrock or overburden wells. Methane is generated in source rock, then “stored” in a reservoir with some type of cap rock or impervious layer to contain the gas underground.

27 posted on 06/08/2011 5:21:58 AM PDT by thackney (life is fragile, handle with prayer)
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To: Chickensoup

Natural Gas - the modern energy form,3151007&dq=methane+in+water+wells+pennsylvania+history&hl=en
The Sydney Morning Herald - Jul 10, 1973

The modern history of natural gas began in the United States in 1821 when bubbles were noticed in a water well being drill at Fredonia, New York State. The well was only 27ft deep. William Hart, a local gunsmith, piped the gas into a nearby coaching inn to provide lighting using log “pipes”.

28 posted on 06/08/2011 5:28:27 AM PDT by thackney (life is fragile, handle with prayer)
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