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  • The Saudi Arabia Of Shale

    08/17/2009 6:14:56 PM PDT · by Kaslin · 47 replies · 4,070+ views
    IBD Editorials ^ | August 17, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy Policy: New York's governor wants to tap into a shale formation that can supply the entire U.S. with natural gas for 65 years. Will NIMBY environmentalists let him stimulate New York's and America's energy economy?Last week, David Patterson released a draft report of his Energy Planning Board that does something Democrats are loath to do: It proposes developing a domestic energy resource — the huge amounts of natural gas trapped in the Marcellus Shale formation. New York produces 5% of its natural gas in-state and imports more than 95% from the Gulf Coast and Canada. The Marcellus Shale stretches...