Saturday, August 10, 2013

FRACKING COMPANY GIVES UP ON NEW YORK

That's one eff'd up liberal state that is doomed.  Next: CA.

The ban and anti-fracking advocacy, combined with a costly legal battle to renew natural gas drilling leases under their original, more favorable terms, prompted Chesapeake to give up its fight and leave New Yorkers out of jobs and without economic growth “while neighboring states like Pennsylvania, Ohio and West Virginia experience an energy drilling renaissance,” says Reuters. Kevin Colosimo, a trustee at large for the Energy and Mineral Law Foundation, says citizens in the neighboring state of Pennsylvania are reaping big rewards from the natural gas boom.

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