Wednesday, August 06, 2014

New York Snoozed, Thus It Losed

Pennsylvania - and largely rural and poor parts of the state that desperately needed it - has boomed economically due to the unbelievable growth of natural gas production from the Marcellus Shale formation.  Mark Perry has the latest.

Of course, not only has New York missed out on similar economic benefits, as I have pointed out, the longer New York waits, the less economic benefit they will ever get out of this bonanza.  If they ever frack in New York state, it'll be done by Pennsylvania-based crews, out of offices, depots and equipment pools all in PA.  Pennsylvania, by saying yes early, won the land-grab to be the base for the infrastructure, supplies and workforce needed to support a regional drilling industry.


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