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Permalink Reply by Steve P on July 26, 2011 at 10:51

The fight in New York State really does put us mineral owners in La and Tx in a conflicted position.  It is likely in our short term financial interest to see drilling in NY hindered or stopped because that's just that much less NG on the market and holding the price down.  On the other hand, it is probably not in our long term interest, and certainly not in the interest of the nation as a whole, so see NY limiting or stopping NG drilling and fracing.

 

Sort of the "my financial interest" vs the "statesman" dilemma.

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Permalink Reply by Jeff on July 26, 2011 at 12:13

I looked into my crystal ball and have seen that NY politicians will see how much money they are missing out on and say, "I think they have made that fracking process much safer now."

Politicians can't turn down spending people's money.    oops they already did  

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Permalink Reply by P.G. on July 26, 2011 at 13:08

Maybe the politicians are just holding out for more money...huh?

 

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Permalink Reply by essay on July 26, 2011 at 15:44

i stopped reading that article when it mentioned josh fox.  also i don't worry a whit about the internal politics of a state like new york, if they're bent on shooting themselves in the foot let them.

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Permalink Reply by essay on July 27, 2011 at 7:03

not being fully informed seems to have worked fine for mr. fox, i reckon i'm safe.   next thing you know i'll have my own HBO special.

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Permalink Reply by Pam on July 28, 2011 at 14:39

I have conflicting emotions on this issue.  I’m big on protecting the environment and believe we need to take care of this planet so we don’t have to worry about colonizing others someday, lol!  I think that sometimes ecosystems can be damaged beyond repair and we should get away from fossil fuels.  I know too that we need to eliminate our dependence on foreign oil and hope natural gas can be safely produced as an interim solution until we can develop even greener sources.  I would hope development of alternatives wouldn’t slow with more use of natural gas.

 

On the other hand, I stand to make some money from drilling and fracking for natural gas.  There’s a gas factory with 14 permitted wells being developed now in the unit in which my family’s “old place” is located.  The property has been in the family for generations and it’s about as pristine as you’ll find in these parts.  I would sure hate to see it ruined as that is my retreat for some peace and quiet, and I would worry even more if that was where I had to live and raise my children.  Maybe I’ll come to be thankful that we got developed before fracking is possibly banned.  Maybe I’ll be laughing all the way to the bank someday!  So like it or not, I guess we can be a guinea pig!

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