Thursday, May 24, 2012

Farmers want share of petroleum riches




The Huffington Post has a story about farmers who are jealous and frustrated by New York State’s moratorium on fracking to discover and exploit petroleum reserves.
There is also a moratorium in Quebec where there are indications that there is more than enough energy underground to meet the province’s requirements for oil and natural gas.
“When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York,” begins the article in the Huffington Post.
"I go over the border and see people planting orchards, buying tractors, putting money back in their land," said Fitzsimmons, a Binghamton landowner who heads the 70,000-member Joint Landowners Coalition of New York. "We'd like to do that too, but instead we struggle to pay the taxes and to hang onto our farms."
(My wife and I are going to Binghamton in June to help with disaster relief efforts, mainly in rural areas hit by Hurricane Isadore in September.)
While New York state has had a moratorium on shale gas development for four years while the Department of Environmental Conservation completes an environmental impact review, thousands of wells have gone into production in Pennsylvania. Both states, along with Ohio and West Virginia, overlie the vast Marcellus Shale deposit, which has been made productive by the advent of horizontal drilling and fracking.