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GasBuddy News Article

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NY shale gas rush unlikely in 2013 if gov gives OK

Wall Street Journal -- After more than four years of environmental review marked by escalating battles between industry and anti-drilling protesters, New York regulators appear likely to complete strict new regulations for shale gas development by the end of February.

But it remains to be seen if drilling actually begins. Gov. Andrew Cuomo and his Department of Environmental Conservation have refused to say whether a 4 1/2 -year moratorium on high-volume hydraulic fracturing, or fracking, will be lifted when regulations are completed. Industry insiders say development will happen slowly if the ban is lifted. And opponents have vowed to escalate protests.

With a depressed natural gas market and threats of lawsuits and civil disobedience from opposition groups, a shale gas boom like that seen in Pennsylvania is


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Submitted Dec 26, 2012 By: skb69sa
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REPLIES (newest first) Post a Reply
investmentdr
Champion Author Cleveland

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Message Posted: Dec 26, 2012 11:45:33 AM

hold out gov.
mitt4prez
Champion Author Tacoma

Posts:5,134
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Message Posted: Dec 26, 2012 10:40:45 AM

Give the appearanceenow of action and continue stalling.
vandamme
Champion Author New York

Posts:1,438
Points:156,150
Joined:Nov 2008
Message Posted: Dec 26, 2012 10:28:58 AM

Fracking now would be stupid. Gas is cheap, and the technology is dirty. If they figure out the problems of pollution and quakes, and the price goes up, OK. This is my well water you're talking about. Why give it away and leave the land screwed up for generations?

And willow grows fine here.
Ltdc
Champion Author Long Island

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Message Posted: Dec 26, 2012 9:47:33 AM

Not much moves quickly through the legislative process in NY.
peabeax55
All-Star Author Atlanta

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Message Posted: Dec 26, 2012 8:57:48 AM

Are they going to enforce union labor along with its higher costs?
OldMan322
Champion Author Illinois

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Message Posted: Dec 26, 2012 8:54:59 AM

Well their are always higher gas prices for New York
oilfreak
All-Star Author Houston

Posts:723
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Joined:Oct 2012
Message Posted: Dec 26, 2012 8:24:40 AM

This is one big opportunity NY state can't afford to reject.
hrtdi
Champion Author Vermont

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Message Posted: Dec 26, 2012 8:10:03 AM

have to be careful with shale gas...
virostek
Veteran Author Virginia

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Joined:Oct 2012
Message Posted: Dec 26, 2012 7:20:06 AM

OK.
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Dec 26, 2012 7:19:57 AM

OK.
sydb7
Champion Author Atlanta

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Message Posted: Dec 26, 2012 7:05:46 AM

Need to be careful with more
fracking! More does not equal lower energy costs for New Yorkers.
isem
Champion Author Missouri

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Message Posted: Dec 26, 2012 7:00:51 AM

The protesters are just another bunch of ego-maniacs out to get their “Andy Warhol moment” (15 minutes of fame).
checkum
Champion Author St. Louis

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Message Posted: Dec 26, 2012 7:00:19 AM

just do it SAFELY!
jeskibuff
Champion Author Tampa

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Message Posted: Dec 26, 2012 6:57:25 AM

ghamm45 said: "It's an elaborate plan by the speculators to amass an abundance of natural gas availability so it can be the reason to export which will raise prices for us, the American consumer."

Aw, c'mon...that's one very moronic theory. What right-minded capitalist amasses a commodity only to hold onto it? You drill for fuels in order to sell on the marketplace, to whoever is willing and able to pay for it. You will sell it at the highest price you can get for it, if you're smart.
kyjlh
Champion Author Kentucky

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Message Posted: Dec 26, 2012 6:54:27 AM

Guess NY don't need the job's
Ringmaster2008
Champion Author Ontario

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Message Posted: Dec 26, 2012 6:53:36 AM

Time will tell
bsmerl
Champion Author Florida

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Message Posted: Dec 26, 2012 6:51:18 AM

Ok
KentsterPA
Champion Author Pennsylvania

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Message Posted: Dec 26, 2012 6:51:05 AM

ok
12mpgnavigator
Champion Author Seattle

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Message Posted: Dec 26, 2012 6:51:02 AM

frack it baby!
99dakota
Champion Author Providence

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Message Posted: Dec 26, 2012 6:50:44 AM

We need this
ChristinaCricke
Champion Author New Jersey

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Message Posted: Dec 26, 2012 6:49:13 AM

ok
bikechuck
Champion Author Indianapolis

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Message Posted: Dec 26, 2012 6:48:05 AM

If no profit to be made, it won't happen.
kobes1
Champion Author Florida

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Message Posted: Dec 26, 2012 6:48:00 AM

Not
bad_sailor
Champion Author London

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Message Posted: Dec 26, 2012 6:47:14 AM

Drill baby, drill!
calripken_8
Champion Author Virginia

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Message Posted: Dec 26, 2012 6:47:12 AM

Good job NY, you have all this opportunity and you are determined to resist it... yep sorry I left NY...NOT
blueeye
Champion Author Pennsylvania

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Message Posted: Dec 26, 2012 6:46:27 AM

It time to drill
ghmortensen
Champion Author Minnesota

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Message Posted: Dec 26, 2012 6:45:45 AM

Drill. New York needs the money and the jobs.
dave364
Champion Author Lansing

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Message Posted: Dec 26, 2012 6:45:15 AM

epa go away
jppezz
Champion Author New Mexico

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Message Posted: Dec 26, 2012 6:43:01 AM

That's why N.Y.state is broke.No jobs people leaving in droves.
Titan_62
Champion Author North Carolina

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Message Posted: Dec 26, 2012 6:41:58 AM

Thanks for posting
bladecutter
Champion Author Houston

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Message Posted: Dec 26, 2012 6:40:57 AM

Politics & politicians.
dbecks44
Champion Author Michigan

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Message Posted: Dec 26, 2012 6:38:58 AM

The Empire State Strikes Back?
dacofa
Champion Author Nevada

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Message Posted: Dec 26, 2012 6:38:11 AM

DAHHHHHHHHHHHH
9C1
Champion Author Chicago

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Message Posted: Dec 26, 2012 6:34:25 AM

At least the people in NY may have good drinking water
subnuke
Champion Author Atlanta

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Message Posted: Dec 26, 2012 6:33:53 AM

what happens when dems run your state - just look to california
Gibby4176
Sophomore Author Illinois

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Message Posted: Dec 26, 2012 6:33:37 AM

Happy I don't live in NY; wait, I live in IL...
bowler360
Champion Author Illinois

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Message Posted: Dec 26, 2012 6:33:29 AM

hmmmm.
harleydoctor
Champion Author Kansas

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Message Posted: Dec 26, 2012 6:32:13 AM

New York is one messed up state, eh doomberg...
VetteFan
Champion Author Indiana

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Message Posted: Dec 26, 2012 6:31:46 AM

I hate to say it, but it's a wait and see thing. Now fracking seems safe enough. Will we still say that 5, 10, or 20 years from now?
03mdx
Champion Author Syracuse

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Message Posted: Dec 26, 2012 6:31:36 AM

NY needs to get going with this.
gabisgram
Champion Author Michigan

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Message Posted: Dec 26, 2012 6:30:18 AM

Power has gone to their heads.
fillerupyeoww
Champion Author Columbus

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Message Posted: Dec 26, 2012 6:28:31 AM

The correct approach. If this is allowed to run amuck, it would ruin the state for future development, jobs, etc.
chillyman3
Champion Author Illinois

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Message Posted: Dec 26, 2012 6:26:56 AM

old story new state
Elaine4411
Champion Author Pennsylvania

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Message Posted: Dec 26, 2012 6:24:42 AM

ok
rogerparry
Champion Author Florida

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Message Posted: Dec 26, 2012 6:24:38 AM

Painfully slow.
Clayton2000
Champion Author South Carolina

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Message Posted: Dec 26, 2012 6:24:37 AM

NY Lose
lindact
Champion Author New Haven

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Message Posted: Dec 26, 2012 6:22:55 AM

Feacking...what a legacy for future generations...

[Edited by: lindact at 12/26/2012 6:24:34 AM EST]
sawdust1825
Champion Author Illinois

Posts:4,168
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Message Posted: Dec 26, 2012 6:22:55 AM

What a shame that the state blocks something that will benefit all of it's residents.
bumpygas
Champion Author Nebraska

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Message Posted: Dec 26, 2012 6:21:33 AM

Just get the government out of it entirely and things will go a lot smoother.
GasPriceHelp4u
Champion Author Dayton

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Message Posted: Dec 26, 2012 6:21:23 AM

They have to wait for it to happen, its not going to be overnight!!!
nb52
Champion Author Grand Rapids

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Message Posted: Dec 26, 2012 6:20:41 AM

Cuomo and his band of "buddies" will never see the jobs and economic growth which would have resulted.
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