Posted on 04/02/2013 6:53:28 AM PDT by SeekAndFind
While other states have been moving right along with deploying the decades-old hydrofracking technique that’s unlocking access to their hitherto hard-to-reach oil and gas reserves (and enjoying the subsequent wealth- and job-creation that comes with it), the state of New York has been hanging back while Governor Andrew Cuomo decides whether he cares more about serving the best interests of his state or placating the vociferous green lobby. The governor has been dithering between continuing New York’s current ban on hydraulic fracturing or allowing fuel companies to go for it in at least the state’s southern portion, and has several times declined to give his approval despite his past testimony that he thinks fracking can be done safely. State-specific studies have already confirmed as much, but he just keeps stalling and turning this into an increasingly agonizing decision — and the waiting game is only making things worse.
Gov. Cuomo is paralyzed with indecision on “fracking’’ for natural gas because it’s a “lose-lose’’ situation where even Southern Tier residents who should benefit financially will be bitterly disappointed, a highly placed political source has told The Post.
Cuomo, who has dithered for more than two years on whether to OK the drilling process, which is used safely in nearly 30 other states, fears that his planned “toughest-in-the-nation” regulations and low natural-gas prices have combined to make it unlikely major gas companies would make the investments needed to develop new wells, the source said.
“His fear is that if he gives the go-ahead, nothing is going to happen, the gas companies won’t come in because of overregulation, and gas-price economics and the people [in the] Southern Tier will then say, ‘Look, Cuomo killed it another way.’ …
Unreasonably regulating the heck out of fracking and rendering yourself less competitive than your neighbors might discourage investment, say what?!
Meanwhile, across the state boarder in Pennsylvania, local economies are reaping the benefits of allowing more intensive oil and natural gas exploration and drilling — and with New York’s unemployment rate still hovering above eight percent, the state would be ill-advised to nix the opportunity on what are clearly just political grounds.
Forget NY and come down my way so I can start getting royalties! Drill, Baby, Drill!
As everyone knows who's been around these guys for 10 minutes they have their crime money which is constantly reinvested in whatever criminal behavior is the flavor of the times, and that, in turn, generates the vig that flows up the line from the soldiers to the capos.
At the same time they have their OUTSIDE INVESTMENTS frequently under a street name of some kind, and that goes into printing, publishing, TV/radio, beer distribution, etc. ~ even construction companies, new tire dealerships.
Whenever someone wants to change a source of supply of a major commodity such as gas the mob accountants have to track down all the legitimate outside investments to see if this is going to hurt them or help them.
That's just gotta' take a very long time in a place like New York.
It's unwise to always imagine Cuomo is doing this or that simply because the leftwingtards and their menangerie of enviro-whackos are on the topic. Rather, think of the mob angle. There are all your answers.
Got into a discussion with one of my kids, who said everyone at Penn State believes fracking is bad for Pennsylvania.
I suggested students use the education they get to do their own independent research on a subject rather than parrot what their professors tell them. They might have a better chance finding a good paying job and see for themselves how the real world works.
Anyone notice how the Demcorats are happy and satisfied with 8% unemployment? For Socialists, 8% is a great number!
RE: Anyone notice how the Demcorats are happy and satisfied with 8% unemployment? For Socialists, 8% is a great number!
It’s actually double digits in NY State ( especially in the down state part where people DO want hydro fracking ).
Like the DOL figure, they don’t count those who have given up looking for work (in other words, LABOR PARTICIPATION RATE is not the figure they are presenting to the public ).
RE: everyone at Penn State believes fracking is bad for Pennsylvania.
Well, don’t stop there now, this is a good time to see if your kids are well educated or not.
Ask them the next question — WHY is it bad for Pennsylvania?
Because it releases dihydrogen monoxide into the water supply!
RE: Because it releases dihydrogen monoxide into the water supply!
Ask them the next question -— Is drinking dihydrogen monoxide bad for you?
Here in Northeastern Pennsylvania, the fracking industry has been a godsend. I believe fracking will be to this area in the 21st century what the coal industry was in the early-mid 20th century. That is, if the Employment Prevention Agency doesn’t kill it first.
RE: Here in Northeastern Pennsylvania, the fracking industry has been a godsend.
How’s the quality of the water up there?
*THAT* has been the issue of the anti-frackers.
When it first started, there were rumors of “stinky water” and even flammable water. Problem was, none of it existed. The contaminated (”dirty”) water is handled with such extreme care and caution that it hasn’t been an issue. The biggest beef those of us here in NEPA have is that the natural gas is being exported instead of helping to lower our heating and fuel costs.
Meanwhile NYers are still leaving the state - NO JOBS/NO FREEDOM!!!!
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