Keeping New York state in debt and poor

The flag of Fort Worth, Texas currently in use...Image via Wikipedia
NY Times:

The New York State Assembly voted 93 to 43 Monday night to place a temporary moratorium on a controversial type of natural gas exploration that combines hydraulic fracturing with horizontal drilling. The goal is to give the state more time to address safety and environmental concerns.

The Senate passed a similar bill in August, and the legislation now awaits the signature of Gov. David Paterson.

The moratorium, which would be in effect until May 15, 2011, applies to new drilling permits for horizontal hydraulic fracturing, or fracking, a type of natural gas exploration that requires the use of chemicals and vast amounts of water to release natural gas from rock. The drilling is highly controversial because of the risks it poses to groundwater.

...
It maybe controversial in New York, but it is not in Texas where it has been used in the Dallas, Fort Worth and Arlington area and will be used in South Texas in the recently hot Eagle-Ford formation. There is a reason why investors are pumping money into this formation and into the Texas economy and they are not wasting their time and money in New York right now. People have been fracking wells for around 60 years and the horizontal drilling has been around for over a decade.

What is happening in New York is an example of Chicken Little environmentalism and the state legislature has it bad. The citizens of New York are the ones who will be paying more for gas because of this action.
Related articles
Enhanced by Zemanta

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t...
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more