Exxon-Mobil

Tue, 2014-04-22 12:30Sharon Kelly
Sharon Kelly's picture

Very Little Cheap Natural Gas in New York Marcellus Shale, New Report Concludes

For years, the shale industry has touted the economic benefits it can provide. An overflowing supply of domestic natural gas will help keep heating and electric bills low for American consumers, they argue, while drilling jobs and astounding royalty windfalls for landowners will reinvigorate local economies. These tantalizing promises have caught the attention of politicians in Washington, D.C. who argue that the rewards of relying on shale gas outweigh the risks, especially because harm can be minimized by the industry or by regulators.

But across the U.S., communities where drilling has taken place have found that the process brings along higher costs than advertised. Even when properly done, drilling carries with it major impacts — including air pollution, truck traffic, and plunging property values — and when drillers make mistakes, water contamination has left residents without drinking water or cleaning up from disastrous well blow-outs.

And as the shale drilling boom moves into its 12th year, the most crucial benefit claimed by drillers — cheap and abundant domestic fuel supplies — has come increasingly into question. The gas is there, no doubt, but most of it costs more to get it out than the gas is worth.

A new report from New York state, where a de facto shale drilling moratorium has persisted since 2008, concludes that unless natural gas prices double, much of the shale gas in the state cannot be profitably accessed by oil and gas companies.

Mon, 2010-11-22 07:02Richard Littlemore
Richard Littlemore's picture

Tom Borelli: Hastening the End of the World

You have to wonder what happened to Tom Borelli. Here’s a guy who studied at the New York Medical College - who was smart enough and hard-working enough to get a PHD in biochemistry - and now he spends his time trying to hasten … not really the end of the world, but an end to human habitability.

Of course, poisoning humans, rather than saving them, appears to have been Borelli’s life work. He was a Philip Morris operative in the ’90s, proudly fighting for the rights of tobacco fans to blow smoke in the face of passing children - passing anybody, really. Now, as sometimes-DeSmogBlog contributor Kate Sheppard documents here, Borelli is gathering up oil money to finance an attack on any corporation that promotes responsible action on climate change.

Tom, we really hope you have a nice house. Because, according to Dante at least, in your next life, you will get a rather less fabulous choice of neighborhoods: either the Eighth and Ninth circle of hell (Fraud or Treachery).

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