Wednesday, June 13, 2012

Economic Reality Sinks In in Albany?

I said that New York state cannot thumb their nose at economic reality and keep fracking at bay forever

Meanwhile Pennsylvania, West Virginia, Ohio (and North Carolina soon) are establishing early footholds in the fracking-reliant natural gas exploration industry while New York declares themselves out of the game. Pennsylvania is already garnering the jobs and tax revenue that naturally flows from openness to energy development.

Here is my prediction, several years from now, New York will cease this silliness and declare that it is open to fracking...
Now we have this:
Gov. Andrew Cuomo’s administration is considering a plan that would allow high-volume hydraulic fracturing near the Pennsylvania border, according to a report in The New York Times.
After offering up two of the worst economic development ideas recently, might this be a bow to reality and a turn for Cuomo toward good sense?  We shall see.

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