Natural Gas Prices Plummet to a Seven-Year Low by Clifford Krauss for the New York Times attributes the change to “declining demand and a big expansion of domestic production.” This may mean more shut-in wells as companies rush to drill and lock in leases. Many Cortland landowners report that as soon as gas is found the wells are cemented and added to reserves providing no local revenue.
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New legislation would end Bush-era exemption for oil and gas industry, protect drinking water from drilling toxics: Local governments express support for ending loophole:
Today Senators Casey (D-PA) and Schumer (D-NY), and Representatives DeGette (D-CO), Polis (D-CO) and Hinchey (D-NY) introduced bills in the Senate and House to close the so-called “Halliburton Loophole” in the Safe Drinking Water Act that exempts hydraulic fracturing, and to require the public disclosure of hydraulic fracturing chemicals. The Halliburton loophole authorizes oil and gas drillers, exclusively, to inject known hazardous materials — unchecked — directly into or adjacent to underground drinking water supplies. It passed as part of the Bush Administration’s Energy Policy Act of 2005.
Earlier related news: Industry Defends Federal Loophole for Drilling Before Packed Congressional Hearing
The Newest Gold Rush: The Frenzy for Natural Gas Threatens New York’s Water by Adam Federman, Earth Island Journal, on Alternet:
In New York, even though the drilling hasn’t begun, the battle lines have been drawn. Environmental organizations have been forced to play catch up; to educate the public about a drilling process that has not been widely used in this part of the country; and to argue against drilling, at a time of unparalleled economic distress and budget shortfalls, in what may be the largest natural gas reservoir in the nation. And they’re also up against the oil and gas companies. “We’ve never seen the circus come to town before,” says Bruce Ferguson, a member of Catskill Citizens for Safe Energy who lives in Sullivan County.
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