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Is NY fracking ban hurting their economy?
talk about the fracking ban in New York ..... the rise of fracking . Well. The ..... Tracking and drilling but there's ..... York's. Ban on fracking going to be ..... demand to do fracking right now for ..... exploratory drilling going on people
Battle what stay on oil and talk about the fracking ban in New York State. Joining us from Boston is Wall Street Journal's Russell gold author of the boom which chronicles the rise of fracking . Well. The Governor Cuomo New York games reason for the band was. Well right out of the greedy alarmist playbook what do you say. Well you know it's really understand what he said and what he didn't say. Because he raised lots of questions this was his health commissioner he sort of defer to his health commission on this. He raised lots of questions about the potential health impacts on developing. Tracking and drilling but there's no smoking gun there there was no place that I read through this the 200 page report there was no place for they said. Here's where we found there's definitive scientific evidence so. If it's sort of an interesting question on shore are New York's. Ban on fracking going to be used in many other places sort of pointed to instead. Well look this is did this is it's not good for your help we shouldn't be doing this but that's not really what the report says what the report really says it. There are some indications there's some potential we need to study it more and until we know for sure we don't wanna have fracking in New York welcome that. Did he get some cover though because of the fact that there are with cool with oil prices going down in some of that. Johnny come lately leases are very expensive especially on the Bakken fields in that area. There's he get some cover that may be there won't be a lot of demand to do fracking right now for new drillers in New York State. Now you're absolutely right with prices where they are 55 dollars for. Texas west Texas crude does not a lot of exploratory drilling going on people are drilling what they know. And where they can make the best money on it so I would nick expect even if New York had opened up its doors that wouldn't expect. Companies are rushing in there and saying we want to drill here we're gonna do some expensive wells until we sort of figure out the best places to drill so yeah there is definitely some cover there it's a little bit of cold comfort frankly to some of the people have on the southern tier of new Yorker really wanted fracking . Because of the economic development. Well and that's the thing the economics is what it is but this is politics. Anand is the environmental wing of the Democratic Party which is obviously influence in the governor to your point though. You're saying there is no scientific data that says a fracking is dangerous. There's no definitive scientific data there is some studies that are start to come out that say well for how. Apps that there's some lake. But you know what's really uninteresting to me is that New York State which is a very friendly to regular regulations state. Didn't come out and say we see some indications we're gonna make sure we regulate this industry they just said no we're not gonna do it so it's sort of it was it was an interesting approach. Even if I rise even did the heavy heavy blue state of California allows fracking in they've got to really relax their rules so it drifting to see New York go the other way but Russell gold
Banning fracking a bad idea?
Andrew Cuomo grading fracking SA you know what. Let's ..... years of a moratorium on hydraulic fracturing had done anything but ..... military Pakula is up fracking executive he made billions ..... billionaire. Off of fracking . He is rescuing the
surprises if they Cuomo administration now after years of a moratorium on hydraulic fracturing had done anything but. Bandits but so it's not a surprise and also all say it's not that significant in terms of the overall oil and gas industry here in the United States. The oil and gas industries looked at new York and already decided look we have other places to drill and that's what they're doing. I think it's in next year sorry can you comment Joseph this is is Liz MacDonald. You know at the same time we had Andrew Cuomo. Applauding Terry could military Pakula is up fracking executive he made billions of hundreds of millions of dollars of that he's a billionaire. Off of fracking . He is rescuing the battered beleaguered city of Buffalo, New York keep basically is funding a lot of money there bought the sabres bought the Buffalo Bills. What an end to it Immucor most of let's build a statue a big statue to Terry the good about plotted terror the goal the demonizing fracking behind the scenes what do you make of that. Well Liz if you're looking for consistency here you're looking through their Hong
New York bans fracking
OK let's ban fracking from New York ..... there are risks of fracking there's risk ..... scientific research fracking has become safer ..... In most you fracking drilling is done down here ..... relief and all the drinking water and the in this
surprising but certainly heartbreaking that. He would say that OK let's ban fracking from New York State a state where people could use the jobs where we could use a tax revenue. And basing it on things like environmental concerns it's been an economic god send for the rest of the nation. Yeah listen there are risks of fracking there's risk with any industrial endeavor bomb plot tip to weigh the risks with the benefits hands he. If you look at the latest scientific research fracking has become safer and it's not nearly as. Worthy of concern as the environmental make it out to be so rather than sort of banding and I would thought he would of said. Let's put in new regulations that can be standard for the rest of the world wrestler country and let's embrace it because upstage you traveled some places on the needed jobs and. Greg this summer I understand okay. The water tables are here. In most you fracking drilling is done down here well dom -- yes right so I mean occasionally I guess maybe you may have bringing it up some sort of spillage there but. It is it's not like people the lot of import think that the trolling is air to water tables there and you let's bring relief and all the drinking water and the in this state or the country it's it's polluted. Not at all there's about a mile between the chill and
things Cuomo's embracing gambling. Which I'm not don't have now rather then drilling so I think to others that see it that way but we'll we'll see you and I aren't thank you very much
Equities entering a danger zone?
you know there's. Half a million people that you found their way into the extraction. Jobs in related to fracking in you know oil drilling in North Dakota and and Wyoming. And sand and then to have Permian Basin in Texas and so some of those people
that you found their way into the extraction. Jobs in related to fracking in you know oil drilling in North Dakota and and Wyoming. And sand and then to have Permian Basin in Texas and so some of those people.
Oil Futures Vault on Lower Production Forecasts
down from 9.16 million barrels a day previously. U.S. oil production has been robust because of hydraulic fracturing and horizontal drilling techniques that have enabled energy producers to tap into supplies trapped in shale-oil fields
Exxon to Share More Data on Fracking Risks
information about the environmental risks of hydraulic fracturing , the process known as fracking . In an agreement with New York City's pension ..... to report on risks surrounding disposal of fracking waste water, air pollution, methane emissions
TransCanada CEO: Need for Keystone Greater Than Ever
couple months. Like the U.S., Canada has seen a surge in production thanks to a combination of hydraulic fracturing and horizontal drilling that has unlocked shale oil. Keystone XL would bring heavy crude oil from the Alberta oil sands
Fracking Expands Throughout Southern U.S.
Petroleum. They are using hydraulic fracturing techniques, also known as " fracking ," to extract oil and ..... oil. Lawson believes fracking on U.S. soil brings ..... said Lawson. But fracking has become controversial
The Real Reason the U.S. Should Lift the Oil Export Ban: National Security
like a giant chessboard of square patches of land for oil wells. The airport is filled with advertisements for hydraulic fracturing equipment. The highways are jammed with heavy trucks and equipment. There is a buzz in the air. Economic activity