The U.S. Environmental Protection Agency has just eliminated a substantial "scientific uncertainty" cited in support of New York State's ban on hydraulic fracturing, or fracking, of deep-underground natural gas deposits.
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.
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.
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...
Directional drilling and hydraulic fracturing have unlocked vast new reserves of natural gas in the United States. Development of these resources is now well under way in Pennsylvania and West Virginia. Unlike their neighbors to the south, however, New York residents are not directly benefiting from natural gas development as the result of a government-imposed moratorium, itself a response to environmental concerns surrounding hydraulic fracturing.
Governor Paterson's proposed "obesity tax" on sugared soft drinks has already captured most of the media attention among the $4 billion in new taxes and fees in Governor Paterson's budget. But by far the largest single element in Paterson's revenue...