In 2013, New York’s state government will decide whether to permit extraction of natural gas by hydraulic fracturing or, instead, turn its current moratorium into a permanent ban on this technology.
Even as the state Assembly was voting yesterday to extend a moratorium on hydrofracking of gas shale deposits in upstate New York, new economic reports were showing the benefits of fracking in nearby states.
State regulations to allow natural gas hydrofracking in New York’sdepressed Southern Tier region are being held up by Governor Cuomo, who says he wants more study of the health effects of fracking.
New York’s rising unemployment rate is “presenting a challenge for Gov. Andrew M. Cuomo as he tries to build an image as a fiscal centrist who can transform the state’s business climate,” today’s New York Times reports.
The slow-motion process of developing state regulations to allow natural gas hydro-fracking in upstate New York seems to have reached stall speed, now that Governor Andrew Cuomo has ordered up a new health impact review that could force the Department of Environmental Conservation to miss a Nov. 29 deadline for issuing fracking rules.
Residents of the metropolitan area pay some of the highest energy prices in the nation -- fully 50 percent above the national average for electricity and 21 percent above average for natural gas, according to the latest federal data.
Unfortunately, the situation is only likely to get worse in years ahead, thanks in part to New York State energy policy that seems grounded mainly in wishful thinking.
Located some 40 miles north of New York City, in Westchester County, the Indian Point Energy Center (IPEC) consists of two operating nuclear reactors, with a combined generating capacity of over 2,000 MW, and one long-retired reactor. IPEC’s size and location are the key factors in both the power it provides and the decades-long fight to shutter the plant permanently.
Ending the moratorium on "hydrofracking" of natural gas in upstate New York would spur over $11.4 billion in economic output, create 15,000 to 18,000 jobs in the Western New York and the Southern Tier regions, and generate $1.4 billion in state and l...