Wednesday, March 31, 2010

DRILLING IN THE MARCELLUS SHALE: IT'S ALL ABOUT MONEY. BUT WHERE'S THE MONEY?

Here's a paper on the economic potential for gas drilling in New York's Marcellus shale region, prepared by an economist, Dr.Janette Barth, who's really done her homework. She urges that officials take the time now to look beyond the gas industry's  projections of prosperity at some hard, cold statistics that point in another direction. These come both from New York's own history with natural gas exploitation and from the recent experiences of other states with deep-shale drilling using the hydraulic fracturing techniques to be used here.

None of this comes as a surprise to me.  The only surprise is that no one in government seems willing even to  verify the economic realities before setting our ship of state on such a dangerous course.

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