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New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State

Tyler Durden's picture




 

Having missed the entire shale boom, and with heavily-indebted shale companies now scrambling to boost liquidity or else face bankruptcy if crude prices remain at current levels, moments ago - in the latest example of blatant populist pandering -  New York Governor Andrew Cuomo said Wednesday his administration would prohibit hydraulic fracturing statewide, citing health concerns and calling the economic benefits to drilling there limited.  “I cannot support high-volume hydraulic fracturing in the great state of New York,” acting health commissioner Howard Zucker said, adding that he wouldn’t allow his own children to live near a fracking site. He said the “cumulative concerns” about fracking “give me reason to pause.”

It only took him 6 years to get to the bottom of said "concerns"? Or perhaps a phone call and an envelope from one or more Saudi princes helped accelerate the decision.

While fracking wasn't explicitly illegal before, it is now: the New York State Department of Environmental Conservation will issue a legally-binding recommendation prohibiting fracking as a result of Mr. Zucker’s recommendation.

As reported by the WSJ, New York’s environment commissioner, Joe Martens, said that his agency’s concerns about the impact of fracking would so limit the area that could be drilled in the 12 million acre Marcellus Shale that the economic benefits of drilling there would be limited.

“The economic benefits [of fracking] are clearly far lower than originally forecast,” Mr. Martens said.

Mr. Cuomo himself said the decision was made by his commissioners, not him. “I don’t think I even have a role here,” he said at a news conference.

The biggest winner: Saudi Arabia of course, which would want nothing more than for North Dakota, Pennsylvania and Texas to follow in New York's footsteps. And one way or another, whether with bribes or by forcing the price of oil to unviable lows, it will get it.

 

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Wed, 12/17/2014 - 14:25 | 5563865 JLee2027
JLee2027's picture

How can these guys just announce these without acts of the legislature?

Wed, 12/17/2014 - 14:39 | 5563957 pods
pods's picture

Well Uhaul and other moving companies will surely be busy soon.  Maybe the last 10% of the remaining yutes who still live there (and can move) will leave. Upstate is a crumbling mess inhabitated by blue hairs and unemployable undesirables with an ever shrinking pool of people to pay for it all.  Surely that is going to go well.

Take away all the slush money from bankers, and NY is a basket case.

pods

 

Wed, 12/17/2014 - 14:52 | 5564029 ParkAveFlasher
ParkAveFlasher's picture

Those who know the state, know Buffalo has always been an absolute dump, that upstate is boom/bust, and that upstate aquifers make NYC habitable (those big water tunnels that Jon McClane rode a dump truck through, fior those who get their insights from Hollywood, they do exist and they do feed NYC water by force of gravity).  If you frack NY State, you risk polluting the NYC water supply.

Wed, 12/17/2014 - 14:55 | 5564050 Gert_B_Frobe
Gert_B_Frobe's picture

And this is bad, why?

Wed, 12/17/2014 - 15:08 | 5564112 James_Cole
James_Cole's picture

The biggest winner: Saudi Arabia of course, which would want nothing more than for North Dakota, Pennsylvania and Texas to follow in New York's footsteps.

Oh of COURSE. What in God's name would the saudis have done if NY approved fracking widescale?? GAME OVER Saudis!!!

The biggest winners from this are quite obviously the people of ny state who no longer have to worry about their water being contaminated from this practice for benefit of a minor boom / bust in a shit industry which was unwanted + unneeded.

Don't like NY? Don't go there, mutually appreciated. 

Wed, 12/17/2014 - 15:13 | 5564145 Augustus
Augustus's picture

Keep up the bull shit as long as you want to.

Study after study after study has shown that fracking does not cause water pollution.

Try to get information from something other that a fraudulent movie such as Gasland.

Wed, 12/17/2014 - 15:20 | 5564198 sandman.s
sandman.s's picture

Show us these studies that support your take on it.  I would like to see these.  If you think about this logically, I'm not sure how you can say it doesn't affect the water table.  And what about the gallons and gallons of waste water?  Where does that go?  Enlighten us please...

Wed, 12/17/2014 - 15:26 | 5564278 sandman.s
sandman.s's picture

To whomever down voted my comment. Fuck you, at least have the courage to state why it is you disagree with me.  I reckon you don't know jack shit about fracking...

Wed, 12/17/2014 - 15:34 | 5564327 Sub MOA
Sub MOA's picture

I didn't junk you ;)

Wed, 12/17/2014 - 16:47 | 5564783 Charles Wilson
Charles Wilson's picture

"I just love States Rights Politicians...Don't you?..."

Wed, 12/17/2014 - 17:08 | 5564932 MiguelitoRaton
MiguelitoRaton's picture

I know fracking intimately. I assume that the anti-fracking people here have no idea of the typical relative depths between shale formations and the water table. I assume they have no idea of the composition of the frack fluid (%water, sand, chemicals, what chemicals). I assume they have not idea how much water is used per well and what % is recovered and how brackish waste water is injected into disposal wells. I assume that have no idea how many layers of casing and cement are used when they penetrate the water table? If they knew these things and had any idea of how alternates like corn ethanol worked (water used, pesticides/herbacides/fertilizers used and how they leach into the water table) they would not make such brain-dead claims against fracking. Learn the facts (not Gasland propaganda) before you spout off.

Wed, 12/17/2014 - 16:12 | 5564575 Augustus
Augustus's picture

To whomever upvoted that sandbrained comment.

Screw You for your ignorant agreement.

 

Wed, 12/17/2014 - 16:48 | 5564788 sandman.s
sandman.s's picture

So you're not going to offer your sources Augustus?  Didn't think so. 

Wed, 12/17/2014 - 17:11 | 5564972 Augustus
Augustus's picture

See below puddin' head - sandbrain. 

Those were posted to get your education past 1st grade, 1st semester.

 

Here are a few more to add to that group.

“[T]here is no scientific basis for significant upward migration of HF fluid or brine from tight target formations in sedimentary basins.”

http://energyindepth.org/national/new-report-hf-does-not-pose-credible-health-risk/

“Our review of the literature indicates that HF affects a very limited portion of the entire thickness of the overlying bedrock and therefore, is unable to create direct hydraulic communication between black shales and shallow aquifers via induced fractures. As a result, upward migration of HF fluid and brine is controlled by preexisting hydraulic gradients and bedrock permeability. We show that in cases where there is an upward gradient, permeability is low, upward flow rates are low, and mean travel times are long [often >1,000,000 years]. Consequently, the recently proposed rapid upward migration of brine and HF fluid, predicted to occur as a result of increased HF activity, does not appear to be physically plausible. Unrealistically high estimates of upward flow are the result of invalid assumptions about HF and the hydrogeology of sedimentary basins.”

http://onlinelibrary.wiley.com/doi/10.1111/gwat.12095/pdf

“Our analysis and literature review indicate that where upward flow occurs, both permeability and flow rates are low, and therefore, timescales for transport are long. Overall, the rapid upward migration scenarios that have been recently suggested (Rozell and Reaven 2012; Myers 2012; Warner et al. 2012) are not physically plausible.”

http://onlinelibrary.wiley.com/doi/10.1111/gwat.12095/pdf

It is not physically plausible for induced fractures to create a hydraulic connection between deep black shale and other tight formations to overlying potable aquifers, based on the limited amount of height growth at depth and the rotation of the least principal stress to the vertical direction at shallow depths. Therefore, direct hydraulic communication between tight formations and shallow groundwater via induced fractures and faults (e.g., as suggested by Myers [2012], Rozell and Reaven [2012], and Warner et al. [2012]) is not a realistic expectation based on the limitations on fracture height growth and potential fault slip.”

http://onlinelibrary.wiley.com/doi/10.1002/grl.50707/pdf

 

 

 

Wed, 12/17/2014 - 17:20 | 5565021 James_Cole
James_Cole's picture

The study you have posted above (the first one says halliburton at the start so no mystery there), look at the end for a fun easter egg:

 

Acknowledgments

This research was funded by Halliburton Energy

Services, Inc., a company that is active in the hydraulic

fracturing industry in sedimentary basins around the

world. The authors had sole responsibility for the writing

and content of this article, and the conclusions are

those of the authors.

 

Wed, 12/17/2014 - 18:01 | 5565258 Augustus
Augustus's picture
Supposedly the peanut growers were asked to fund the study and declined.  As to easter eggs, it seems that the egg producers were not interested either. However, you should have included the information that these were published in peer reviewed journals and not all had Haliburton funding.  You should note the emphasis on this part: The authors had sole responsibility for the writing and content of this article, and the conclusions are those of the authors.

Scroll down for statements and analysis done by governmentt officials and bodies.  One study was even done and released by New York State.
Wed, 12/17/2014 - 15:31 | 5564303 Sub MOA
Sub MOA's picture

I can tell ya where it was going until they shut the fucks down right into the susquehanna river now it goes into dead frack holes when no ones watching  used to be 50 + trucks bringing that shit past my house a day now since they got busted NONE    so you tell me where it's going? 

Wed, 12/17/2014 - 15:52 | 5564451 pods
pods's picture

Suspuehanna is a perfect place to hide it. 

You know what Susquehanna means in Iroquois?

Muddy Shithole.

Well, that is a rough translation.  The real one is:
The water one makes while sitting down.

pods 

 

Wed, 12/17/2014 - 17:36 | 5565146 The Chief
The Chief's picture

The Susquehanna is one of the greatest smallmouth, muskie and walleye fisheries in the entire United States.

I grew up on that river when it was recovering from steelmills and general pollution from industry. Of course, we also had jobs back then. The Susquehanna was so bad that I'd rather drink from a chinese river now than the Suskie in the late 60's.

Your comment above about people from Upstate being undesirable is pretty shitty. Here on the PA-NY border, if you think Upstaters are undesirable, you should see some of the fuckwads from La, Tx and Ok that have come with the fracking business in northern Pa. Talk about undesirables...

Wed, 12/17/2014 - 17:50 | 5565239 Earl Slaughter-...
Earl Slaughter-- Truck Driver.'s picture

Pods, do you have a good translation for "Mongahela" (not the Google version): since "fracking" has been introduced nearby this primary water supply for many, "salts" and radionuclitides have greatly increased (though, with new, better and more-modern science at their disposal, our state DEP indicates that these contaminants are not as dangerous as once thought, and the new acceptable amounts/limits for human consumption are more reflective of this reality).

If it'll help, "The Mon" is not clear or yellowish-- it's a muddy-brown.

 

Wed, 12/17/2014 - 15:47 | 5564382 Againstthelie
Againstthelie's picture

Silence is also an answer...

 

I suggest that the president's family and Congress and all relatives of Congress members should be forced by law to drink and cook with water from fracking regions only!

I hold every bet: it would be declared illegal within 48 hours...

Wed, 12/17/2014 - 16:39 | 5564717 Barnaby
Barnaby's picture

Silence is the sound of Simon and Garfunkel, and if you understand what I mean, you're probably on a watchlist.

Wed, 12/17/2014 - 16:11 | 5564562 Augustus
Augustus's picture

Here you go puddin' head.

Read these and become informed.

 

Ernest Moniz, Secretary of U.S. Dept. of Energy: “To my knowledge, I still have not seen any evidence of fracking per se contaminating groundwater.”

http://thehill.com/blogs/e2-wire/e2-wire/315009-energy-secretary-natural-gas-helps-battle-climate-change-for-now

 

U.S. Geological Survey: “This new study is important in terms of finding no significant effects on groundwater quality from shale gas development within the area of sampling.”

http://www.usgs.gov/newsroom/article.asp?ID=3489

 

U.S. Govt. Accountability Office (GAO): “[R]egulatory officials we met with from eight states – Arkansas, Colorado, Louisiana, North Dakota, Ohio, Oklahoma, Pennsylvania, and Texas – told us that, based on state investigations, the hydraulic fracturing process has not been identified as a cause of groundwater contamination within their states.”

http://www.gao.gov/assets/650/647791.pdf

 

Dr. Stephen Holditch, Dept. of Petroleum Engineering, Texas A&M University; member of DOE’s SEAB Shale Gas Production Subcommittee: “I have been working in hydraulic fracturing for 40+ years and there is absolutely no evidence hydraulic fractures can grow from miles below the surface to the fresh water aquifers.”

http://www.youtube.com/watch?v=L4RLzlcox5c

 

Center for Rural Pennsylvania: “In this study, statistical analyses of post-drilling versus pre-drilling water chemistry did not suggest major influences from gas well drilling or hydrofracturing (fracking) on nearby water wells, when considering changes in potential pollutants that are most prominent in drilling waste fluids.”

http://www.rural.palegislature.us/documents/reports/Marcellus_and_drinking_water_2011_rev.pdf

Dr. Mark Zoback, Professor of Geophysics, Stanford University; member of DOE’s SEAB Shale Gas Production Subcommittee: “Fracturing fluids have not contaminated any water supply and with that much distance to an aquifer, it is very unlikely they could.”

http://news.stanford.edu/news/2011/august/zoback-fracking-qanda-083011.html

State Review of Oil and Natural Gas Environmental Regulations, Inc. (STRONGER): “Although an estimated 80,000 wells have been fractured in Ohio, state agencies have not identified a single instance where groundwater has been contaminated by hydraulic fracturing operations.”

http://www.dnr.state.oh.us/Portals/11/oil/pdf/stronger_review11.pdf

N.Y. Revised Draft Supplemental Generic Environmental Impact Statement (dSGEIS): “A supporting study for this dSGEIS concludes that it is highly unlikely that groundwater contamination would occur by fluids escaping from the wellbore for hydraulic fracturing. The 2009 dSGEIS further observes that regulatory officials from 15 states recently testified that groundwater contamination as a result of the hydraulic fracturing process in the tight formation itself has not occurred.”

http://www.dec.ny.gov/data/dmn/rdsgeisfull0911.pdf

 

 

 

 

 

 

Wed, 12/17/2014 - 16:41 | 5564727 James_Cole
James_Cole's picture

 

So you've come up with a list of non peer reviewed material from industry, congrats. 

 

Ernest Moniz, Secretary of U.S. Dept. of Energy: “To my knowledge, I still have not seen any evidence of fracking per se contaminating groundwater.”

http://www.propublica.org/article/wealth-of-business-connections-ernest-...

U.S. Geological Survey: “This new study is important in terms of finding no significant effects on groundwater quality from shale gas development within the area of sampling.”

WITHIN THE AREA OF SAMPLING

Your study comes from USGS in partnership with DUKE. 

Some more of theirs to look at:

http://wunc.org/post/duke-university-study-blames-faulty-wells-not-frack...

The lastest and greatest spin, it's not the driling, it's the wells!

http://www.bloomberg.com/news/2014-01-10/epa-s-reliance-on-driller-data-...

 

Homeowner Perdue’s case illustrates the discrepancies in the results. Range’s consultants found 4.2 milligrams per liter of methane in her water in a test taken in mid 2012, and 20 milligrams in November 2012. Duke’s tests a month later found a value of 54.7.

Perdue said technicians for Range collected samples differently than those for Duke -- taking it from a vented holding tank in one instance -- and didn’t capture all the dissolved gas found in the well.

 

http://oilprice.com/Energy/Energy-General/Duke-University-Study-Links-Fr...

Adding to the study’s firepower, two previous Duke-led studies found direct evidence of methane contamination in water wells near shale-gas drilling in northeastern Pennsylvania, as well as possible hydraulic connectivity between deep brines and shallow aquifers, according to the press release.

Wed, 12/17/2014 - 16:46 | 5564766 MarlasBack
MarlasBack's picture

Good collection but representative of your confirmation bias.

Wed, 12/17/2014 - 17:27 | 5565081 Augustus
Augustus's picture

First,

sandbrain specificly asked for information on studies that found no contamination from fracking.  There they are.

It is not collective bias.  It is collective wisdom.

Understand the information or remain among the collective ignorant.

Among the papers linked are some peer revied papers affirming that the idea of fracking at several thousand feet depth cause ground water pollution is pure nonsense.  Statements of those government officials reflect their analysis of the studies they have done.

Wed, 12/17/2014 - 16:49 | 5564792 Barnaby
Barnaby's picture

None of those links includes a single .gov drinking the water himself, or so much as bathing in it. Much like the Silverton Raiders who took the gold and left a debt of lead and antimony, and much worse in tailings.

Stop supporting rape of the land. Also, personally go fuck yourself.

Wed, 12/17/2014 - 17:17 | 5565025 Augustus
Augustus's picture

Stop writing as an unschooled abo.

Sure the employees of government drink the water in locations where fracking has occured.  What do you believe, they all collect rainwater in barrels?

Wed, 12/17/2014 - 15:18 | 5564204 Sub MOA
Sub MOA's picture

hey asshole I live in PA amidst this fracking lie  explain to me why we have trucks brining in potable water for the people huh huh ....   you frack fucks disgust me it's a banking fraud fucking scam always was always will be go drink a quart of oil there monkey fuck maybe the price will go back up so your fucking scam don't go bust

Wed, 12/17/2014 - 15:29 | 5564297 Jack Burton
Jack Burton's picture

Bravo!  You can tell the posters who are talking their book. Or are talking their jobs. If I was one of the fools who let my broker put me long in fracking via anyone of a number of different avenues, I would be FOR anything that kept the ponzi alive. Lots of Junk Bonds, and maybe even Investment Grade are under dire threat. Fracking is not safe, if you think so, go live near an evaporation pool, or anywhere the use fracking fluid is allowed to evaporate. And as for ground water, used fracking fluid is often injected back into the earth to be rid of. Geology is not some people long suit I guess, if they think earth consists of all these perfect layers that trap fracking in a zone. Question, IF that is so, then how does ground water even get deep into the earth, how do springs bring water back up. Some cities and towns live off of natural springs and ground water pumping.

Never let anyone talking their investment book declare they have studies and knowledge that all is well. Fracking is a flash in the pan, the giant cheap oceans of frack gas and oil are not what they claim. Ask California, found to have been a lie, ask Poland, found to have been a lie, ask Hungary, found to be a lie. Ask Ukraine, which may very well be another lie.

We have a few rich plays in the USA, these are being drilled down at record rate, each time we move to less and less rich fracking zones. The best is drilled first, that is the ponzi nature of it.

And if it was so profitable, why all this overhanging debt! Fracking is up to it's lips in debt. Look at the place frackers truck water to residents, under court order. Do they do that for fun? Who is going to truck in water to New York City?

Wed, 12/17/2014 - 16:19 | 5564608 Fedaykinx
Fedaykinx's picture

dude you prove plays with the drill bit.  it's all speculation until you make a hole.

Wed, 12/17/2014 - 16:19 | 5564613 Augustus
Augustus's picture

If there were not entrapment zones,

The high pressured oil and gas would not be contained in the first place.

Use your natural abilities to keep busting tires.

Wed, 12/17/2014 - 16:14 | 5564584 Fedaykinx
Fedaykinx's picture

they're bringing in drinking water?  no offense but i call bullshit.  do you have any actual proof of this?

i live in the middle of a big shale play too and our water is better than it used to be because the brokeass municipialities have more money with which to maintain their systems.  go figure.

Wed, 12/17/2014 - 16:31 | 5564623 Augustus
Augustus's picture

Many people have been using unsafe and polluted drinking water for many years.  It never would pass any drinking water standard.  Now they can blame someone for it and get free potable water hauled to supply them.

Wed, 12/17/2014 - 17:21 | 5565044 Fedaykinx
Fedaykinx's picture

ours has always been bad, i never did like even bathing in it.  it was either overchlorinated or silty sometimes both.

Wed, 12/17/2014 - 18:23 | 5565413 Augustus
Augustus's picture

The first PA oil wells at Titusville were drilled because there was oil seeping to the surface in pools and in springs and water wells.  People have always had a problem finding suitable drinking water there.  People drilling water wells will often find methane in the shallow sandstones.  There are colonial era maps showing regions with gas and oil in the water.  Enviro-nutters did not study that.

Wed, 12/17/2014 - 17:39 | 5565169 The Chief
The Chief's picture

Sub, all I have to say is A-fucking-men, brother. These filthy fuckwads have been keeping prices in the stratosphere to bleed us dry for fucking years. Fuck them and although I despise Cuomo up there in NY, I say "Good Job", regardless of his motivations.

Wed, 12/17/2014 - 18:29 | 5565461 Bananamerican
Bananamerican's picture

ditto

Wed, 12/17/2014 - 15:19 | 5564230 James_Cole
James_Cole's picture

Keep up the bull shit as long as you want to.

Study after study after study has shown that fracking does not cause water pollution.

Right, I forgot this is like how for decades study after study confirmed cigarettes posed no real health risks...until it turned out that was all bullshit. Whoops!

And all the confirmed contaminated wells, totally unrelated to fracking activities!

Wed, 12/17/2014 - 15:31 | 5564315 Jack Burton
Jack Burton's picture

James, The cigarett liars have not gone away, the same firms that engineered that lie campaign now work for frackers. This is fact. Same firms! Same tactics. Same lies. "Study after Study" Yet not one link to any "non industry study"  Don't link industry studies, as if we are stupid enough to believe they police themselves.

Wed, 12/17/2014 - 16:14 | 5564576 James_Cole
James_Cole's picture

Same tactics. 

To be fair to these hardworking patriotic PR firms, they have a few new tactics. Their latest argument on fracking tends to be, yes it can lead to water contamination but that's because of XYZ easily controllable variable that a few rogue frackers have been slacking on. It's great for teevee because it becomes a 'complex' issue and meanwhile they can continue fracking to their hearts content while 'developing theories' on how to deal with the problem. 

Wed, 12/17/2014 - 17:30 | 5565110 Augustus
Augustus's picture

EPA studies are non-industry studies.  You can be assured of that.

However, have you any studies sponsored by the Pigeon Racers Society of fracking damage?

Wed, 12/17/2014 - 16:37 | 5564696 Augustus
Augustus's picture

EPA announced they cannot find any of those confirmed contaminated wells you fanticise about.

Fairy tales are your ony information source.

Wed, 12/17/2014 - 16:47 | 5564785 James_Cole
James_Cole's picture

Actually they did, but that's another argument. They're moving the goal posts, but acknowledge what is plainly obvious. here's ohio & duke:

http://www.sciencedaily.com/releases/2014/09/140915095851.htm

http://www.scientificamerican.com/article/groundwater-contamination-may-...

Wed, 12/17/2014 - 18:26 | 5565433 Augustus
Augustus's picture

Have you been drinking mercury since you read studies showing it damages your brain? 

I'm confident you disregardsd those also.

Wed, 12/17/2014 - 18:05 | 5565308 Tom in AZ
Tom in AZ's picture

Bullshit.

Wed, 12/17/2014 - 15:43 | 5564214 ParkAveFlasher
ParkAveFlasher's picture

Well Gert, you decide that, I'm only stating facts.  The article asserts that Cuomo is doing the Saudi's bidding.  That is quite the narrow view.  I would allocate this decision rather to protecting the tribe.  Now if it's the tribe doing the Saudi's bidding...gosh, what the hell do I know?

Wed, 12/17/2014 - 15:11 | 5564138 Miss Expectations
Miss Expectations's picture

The story of Newburgh, NY is the microcosmic story of America, from George Washington's Continental Army headquarters in 1783

http://www.eonimages.com/media/45eed182-3e48-11e0-b7c5-117bd9a0df5e-wash...

to today's urban decay

http://www.trulia.com/property/3174124035-154-South-St-Newburgh-NY-12550

Here's the story of the Newburgh Incident:  George Washington Stops a Mutiny

http://www.history.org/foundation/journal/Autumn14/civilian.cfm

Here's the Wikipedia page

http://en.wikipedia.org/wiki/Newburgh_(city),_New_York

The 2000 census found that two of the city's five census tracts are among the poorest in the entire state. In 2004 the state declared it one of the state's five most "stressed" cities, based on a mix of statistics like families headed by single mothers, abandoned buildings, unemployment, residents under the poverty line and adults without a high school diploma. [5] Local citizens and city officials blame the county's Department of Social Services for making problems worse by using the city as a dumping ground for its poorest clients. County officials respond that they are only sending people where housing costs are the cheapest.

Wed, 12/17/2014 - 15:22 | 5564243 ParkAveFlasher
ParkAveFlasher's picture

Newburgh is Hudson Valley, not really "upstate", but yes, full of the dregs.  Gentrification is pushing the ghetto generations out from with the city limits. 

Wed, 12/17/2014 - 14:41 | 5563972 Skateboarder
Skateboarder's picture

Legisla-whatwhat? Oh that stuff that comes in 2000-page manurescripts to hide a few lines of god-given-right removal?

Wed, 12/17/2014 - 14:49 | 5564016 kaiserhoff
kaiserhoff's picture

Even at state level, the EPA is a set of Greenie, Commie Dictators.

In Virginia, you can't do anything to a creek or stream without permission from the state EPA, which you won't get without suing the bastards and thousands of dollars of wasted effort, SO

anything you do is merely repair or restoration of an existing, spill way, coffer dam, whatever;)

Life, it's own self.

Wed, 12/17/2014 - 15:54 | 5564460 Againstthelie
Againstthelie's picture

Humans are evil. The worst predator this planet has ever seen. Many humans are without conscience about mother nature and later generations. Therefore it is necessary to protect the world and later generations from the greed and missing conscience of this biological garbage. If you don't understand this, then maybe you are identifying yourself with this garbage...

Wed, 12/17/2014 - 14:55 | 5564055 zaphod
zaphod's picture

You seem to think this is America, it is not, we are now living in the USSA which replaced the constitutional republic years ago.

Wed, 12/17/2014 - 14:26 | 5563877 Vergeltung
Vergeltung's picture

cause we don't need the jobs or energy here in NY.

/sarc

Wed, 12/17/2014 - 14:31 | 5563908 Againstthelie
Againstthelie's picture

The chosen ones prefer to have clean water to drink and let the stupid goyim have it poisoned.

Wed, 12/17/2014 - 14:38 | 5563953 Never One Roach
Never One Roach's picture

Just wait until the People Liberation Front of Frackistan get wind of this !

Wed, 12/17/2014 - 14:40 | 5563967 noben
noben's picture

PLF, you say? Fracking splitters!

"Liberation Front of People", I say.

Wed, 12/17/2014 - 16:35 | 5564678 Son of Loki
Son of Loki's picture

The Pro-Fracking Freedom Fighters of Frackistan … Forward !!!

Wed, 12/17/2014 - 14:47 | 5564002 Salah
Salah's picture

NYC and Long Island need to be a separate US state, pure and simple.  The reminder of NY would stand up and cheer.

Wed, 12/17/2014 - 14:26 | 5563880 tenpanhandle
tenpanhandle's picture

Andrew Cuomo can go pound sand in his ass - in other words go frack himself.

Wed, 12/17/2014 - 14:27 | 5563884 Mi Naem
Mi Naem's picture

Cuomo's just another crooked A-hole, but he got this one right. 

Fracking is suicide for water and geological stability. 

Wed, 12/17/2014 - 14:38 | 5563944 John Law Lives
John Law Lives's picture

On the subject of geological stability:

http://earthquaketrack.com/us-tx-dallas/recent

We have had a string of mild earthquakes in North Texas as of late.  Many here seem to believe fracking and/or wastewater injection are root cause(s).

Wed, 12/17/2014 - 15:16 | 5564182 Augustus
Augustus's picture

Earthquakes are caused by relief builr up stress in rock formations.  The movement to release the stress causes the mini quakes.  If fracking is causing the stress releif, it is preventing a large earthquake some time in the future.

Wed, 12/17/2014 - 15:34 | 5564318 John Law Lives
John Law Lives's picture

I am not a geologist.  I was sharing a news bit re. earthquakes.  They are real.  The cause(s) are the subject of further study.

Wed, 12/17/2014 - 16:25 | 5564636 Augustus
Augustus's picture

I believe you are referring to some increase in mini quakes which cannot be felt by residents.  Those are being measured by sensitive seismic monotors.  Otherwise no one would know of them occuring.

Wed, 12/17/2014 - 18:14 | 5565378 Tom in AZ
Tom in AZ's picture

Riiight. A public service.

 

Wed, 12/17/2014 - 17:33 | 5564651 Augustus
Augustus's picture

There is no "geologic stability."  Never has been geologic stability.

Just drive aong a long distance through mountain cut throughs.  Notice the tilted rocks and fault slips where the planes of the rocks are not aligned.  That is geologic stability for you.

Wed, 12/17/2014 - 14:27 | 5563889 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Not Saudi bidding.

Another state nearby. If the US is energy independent, then the tip of the spear for the empire becomes more or less useless.

And NY is of course heavily under the influence, shall we say.

Wed, 12/17/2014 - 14:27 | 5563890 kaiserhoff
kaiserhoff's picture

The rest of the country should impose a 200% stupidity excise tax on all energy consumed in the state.

Wed, 12/17/2014 - 14:38 | 5563947 moonman
moonman's picture

We can send fresh clean drinking water to all the fracking states at a reasonable price to cover our excise tax.

Wed, 12/17/2014 - 15:19 | 5564199 Augustus
Augustus's picture

The fracking states already have clean drinking water.

NYC is the number one shit dumper in the US.  Straight pipe to the ocean.

Wed, 12/17/2014 - 14:29 | 5563892 surf0766
surf0766's picture

Communist Wolf is next to do this in PA. Right after he announces free housing for all

Wed, 12/17/2014 - 14:28 | 5563893 KnuckleDragger-X
KnuckleDragger-X's picture

The Saudi's may be surprised when they get around to jacking up their rates and find out they may not have any buyers because the world economy collapsed....

Wed, 12/17/2014 - 14:38 | 5563946 kito
kito's picture

hey tyler the ban is for fracking nat gas not oil!!!!! oops!!! kinda interferes with your headlines!!!!

Wed, 12/17/2014 - 15:24 | 5564226 Augustus
Augustus's picture

Most of the shale fracks produce a lot of NG with the oil.  What do you think is burning from those flares on the oil wells?

Wed, 12/17/2014 - 16:16 | 5564595 Fedaykinx
Fedaykinx's picture

the marcellus is not a wet gas play as far as i know.  it's all dry methane.

Wed, 12/17/2014 - 17:38 | 5565165 Augustus
Augustus's picture

The marcellus is not an oil play, at least not yet,

It is a wet gas play however.  Stripping facilities are being built and expanded to handle the wet gas.  Pipes are being built and reversed to send the liquids back to the Gulf chemical and plastics plants.  Some may go to export ethane market as there is a big oversupply.

Wed, 12/17/2014 - 14:29 | 5563897 fatcat
fatcat's picture

This is the stupidest assertion I've read today. Saudi oil and US oil don't even compete against each other.  How about a simpler reason: fracking sucks, no one wants it, and they're simply doing what people want.

Exactly how is this "Doing the Saudi's bidding"? Stupid.  Fracking doesn't solve any problems, causes earthquakes, and no one wants it.  Good riddance.

Wed, 12/17/2014 - 14:42 | 5563971 pods
pods's picture

The products of it are terrible too.  Better to heat your home with a warm heart.

pods

Wed, 12/17/2014 - 14:45 | 5563988 Fedaykinx
Fedaykinx's picture

you think there's fucking oil being fracked in NY?  i swear to FUCKING GOD if you people knew a FRACKtion of what you THINK you know about this subject you'd be dangerous.

that is all.  carry on.

Wed, 12/17/2014 - 15:26 | 5564267 Augustus
Augustus's picture

fatcat,

 

Ignorance noted.

 

If no one wanted it, no one would sign the lease.

Wed, 12/17/2014 - 14:29 | 5563898 SelfGov
SelfGov's picture

Fuck the shale boom. We need the biosphere.

Wed, 12/17/2014 - 14:29 | 5563900 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

...now that it's collapsing under its own weight.

Way to really take a stand, tough guy..!!!

Wed, 12/17/2014 - 14:55 | 5564052 disabledvet
disabledvet's picture

Yeah, no shit. NOW is the time to stick it to the man you morons!

Anywho not surprising. Coal prices have collapsed....but are they selling it for pennies a ton by the roadside?

These clowns are all in the pocket of long since bankrupt electrical utilities who's idea of winning is to increase tolls and fees on a hapless populace.

Once the folks ramp up their urban moonshining ops I think you'll have your answer.

Wed, 12/17/2014 - 16:53 | 5564835 tired1
tired1's picture

FWIW, I spent some time in W. Va, in the boonies near Charlston. I tried to buy some coal for a project I was doing, tried half a dozen places: Tractor Supply, hardware stores, etc. Noone had any nor could tell me where to find any. This in the heart of coal country, go figure.

Wed, 12/17/2014 - 17:41 | 5565197 Augustus
Augustus's picture

You should have gone to a tipple.  Or just go to the truck stop and ask a truck driver.

No one uses coal for home heating any longer.  Lump coal or stoker coal is ust no longer in demand.

Wed, 12/17/2014 - 14:32 | 5563914 wrs1
wrs1's picture

No one is ever going to stop fracking in Texas, that's a short oil wet dream.  This only affects NG and it should serve to shoot prices sky high.  It's also great for Texas because I can assure you, fracking will never be banned in this state.

Wed, 12/17/2014 - 14:32 | 5563925 giorgioorwell
giorgioorwell's picture

Have fun trucking in drinkable water to Texas for $$ 10 years from now.

Wed, 12/17/2014 - 14:50 | 5563995 Never One Roach
Never One Roach's picture

Oh yeah ?

Denton, TX, Votes Fracking Out

Nearly 59% of voters in Barnett Shale town Denton, TX, chose to ban hydraulic fracturing (fracking), making it the first Texas city to do so. An oil and gas trade association immediately sought an injunction. The stage is set for lawsuits from mineral owners and energy companies.

 

http://www.naturalgasintel.com/articles/100304-denton-tx-votes-fracking-...

 

BTW, most of the drinking water in Texas' larger cities is not really drinkable anyway. When I was visting a gf in the congested "Little LA" town of Austin, some agency rated their water as some of the worstest in the nation. She said no one drinks the water; everyone buys the stuff at Whole Foods, HEB, Kroger, etc. I also read while there that MD Anderson found a 5-10x higher rate of liver cancer in those people living east of Houston ... which is close to all the refineries. They suspect chemicals in their drinking water or less likely, air problems from the refineries.

 

Wed, 12/17/2014 - 15:14 | 5564164 RaceToTheBottom
RaceToTheBottom's picture

There is that 59% again.  It is showing up far too often to be random.  

Someone should tell Diebold to adjust their machines a tad.

Wed, 12/17/2014 - 15:26 | 5564254 wrs1
wrs1's picture

I live in Austin and I don't drink tap water but that has zero to do with fracking.  It has to do with all the chemicals in the procesed water, not fracking.  There is no fracking around Austin that would have any affect on our water source, i.e. the Colorado river.  The vote in Denton only has to do with the city limits, it's not a statewide ban and that is what I am referring to.  

Wed, 12/17/2014 - 15:27 | 5564290 Augustus
Augustus's picture

Fracking had nothing to do with the poor water quality in Austin or Houston.

Wed, 12/17/2014 - 16:43 | 5564740 Son of Loki
Son of Loki's picture

Austin doesn't have to worry about fracking since the pollution from car exhaust and congestion will smother you. What do they have now, a red alert every other day b/c of smog? Used to be a nice place when I lived there in the 1990's.  Luckily SA is still pretty nice and Houston has done some nice downtown renovation I saw last time I was there.

 

 

Wed, 12/17/2014 - 15:23 | 5564241 wrs1
wrs1's picture

You don't know what you are talking about.  

Wed, 12/17/2014 - 14:31 | 5563915 giorgioorwell
giorgioorwell's picture

Good.

The Shale and Fracking "Miracle" was BS based on BS economics anyway, junk bonds supporting land speculation deals that only make sense for investors when oil is in the +$100 a barrel range...even if it wasn't a disaster for the environment, which is most certainly is, it was never the answer to solving our oil addiction dilemna.     

 

Wed, 12/17/2014 - 14:35 | 5563933 chart_gazer
chart_gazer's picture

conspiracy theories w/ saudi aside, this is awesome for NY resisdents. look at the distruction of land in upstate PA, with unknown health effects still to be seen. they will benefit big time from this decision.

Wed, 12/17/2014 - 14:47 | 5564003 pods
pods's picture

Have you seen many "folks" from north PA and upstate NY?

I think fracking is the least of their health worries.  Fuck, I would be money that a good portion of them are actually mutants.

pods

Wed, 12/17/2014 - 15:25 | 5564269 Sub MOA
Sub MOA's picture

Being from PA I would have to agree but being of the non-mutant species here we still don't want this fracking shit  the greedy mutants are the ones that do and the fine frack water is helping to end their miserable live a bit quicker...even a catastrophe has advantages I suppose

Wed, 12/17/2014 - 15:32 | 5564312 Augustus
Augustus's picture

The largest gene pool of mutants is NYC.

Consuming all that rat shit in the fast food has caused brain shrinkage and shrinking testicles.

Roach parts are the primary protein supply in NYC diets.

Wed, 12/17/2014 - 17:13 | 5564995 chart_gazer
chart_gazer's picture

lived in the land of destruction in PA, worked in binghamton for 3 yrs when PA frack was taking off. heard all the arguments 1st hand. the pro frackers ive in a delutionary short term nirvana about jobs and tax revenue they think will solve their fiscal probelms created over 50 years. they fail to recognize the short life cycle of the wells and that there are finite locations to drill and abandon. PA will be left like a bone yard in 10 years while NYers saved their landscape and health. the southern tier is desperate for something to revive their economy, miraculously they resisted the temptation.

Wed, 12/17/2014 - 17:31 | 5565105 pods
pods's picture

Having intimately known the Southern Tier for the last 3 decades or so, NOTHING is coming to revive their economy.

It now solely exists on transfer payments, downstate SUNY B money,  and the velocity of money. (I wash your house and you mow my lawn).
It's dead and is not coming back.  To boot in the 80's Juanita Crabb (Mayor of Bingo) imported lots of downstate welfare folk cause their welfare would go farther and Bingo would stay above a threshold of population to still receive gravy. So Bingo now has people with roots in the NYC ghettoes and relatives there to bring in the yeyo.

Toss in super high taxes, zero freedom, and 8 months of steely gray skies and anyone who has ever gotten out is not coming back.  

pods

 

Wed, 12/17/2014 - 18:27 | 5565248 The Chief
The Chief's picture

Spot on. Crabb destroyed Binghamton with the help of the current Governor's fuckhead father, the monster that he was. The triple cities is dead. Nothing will ever bring it back. The hope for fracking was run by 2 Bingo lawfirms representing land owners. No one makes money but the hotel chains and bars....and some big land owners.

 

The real estate market for homes is dead and buried and Lockheed Martin and what's left of IBM will soon be completely gone. The filthy savages have spread to the last bastions of Vestal and Owego. Its over.

Wed, 12/17/2014 - 14:37 | 5563945 Tsar Pointless
Tsar Pointless's picture

How about saying Governor Cuomo just did what was in the best interests of the people of the State of New York? Does EVERYTHING have to revolve around some great conspiracy?

This is a fantastic move by Mr. Cuomo. As a resident of Southwest Pennsylvania, I only wish our governor would have done the same thing. Instead, he sleeps with any fracking fracker on which he can get his greasy little hands.

Wed, 12/17/2014 - 15:34 | 5564291 dexter_morgan
dexter_morgan's picture

Explain exactly how it is in everybodies best interests? I assume you do not use petroleum or NG based products in any way and also bet that you are employed, so maybe it is in YOUR best interest, but let me decide what is in mine. .

Wed, 12/17/2014 - 17:59 | 5565274 The Chief
The Chief's picture

I like oil just like the next guy...the sub-$40 dollar variety. Not the $90 variety as our frackers like to put to us in a rigged market.

Wed, 12/17/2014 - 14:40 | 5563956 Spungo
Spungo's picture

I don't see the problem. If they want states outside of NY to deal with potential pollution problems, why not? That's their right. If you want oil but you don't want the pollution, just buy it from someone who does want the pollution. Everybody wins. 

Wed, 12/17/2014 - 14:52 | 5563992 Miss Expectations
Miss Expectations's picture

The problem is that the unelected rule/memo writers are in charge (writing "laws").  Same thing happening with EPA, FERPA, IRS, etc.

Even if I agree with stopping fracking (I do), I don't want it stopped with a memo.

Wed, 12/17/2014 - 14:41 | 5563963 alexcojones
alexcojones's picture

Fruck Fracking, as the Chinaman said

Wed, 12/17/2014 - 14:40 | 5563964 Seasmoke
Seasmoke's picture

I guess there was no vig for the Mafia. 

Wed, 12/17/2014 - 14:41 | 5563965 Never One Roach
Never One Roach's picture

"If you want to keep your Fracking, you can keep your Fracking."

 

Politicians have a way with words.

Wed, 12/17/2014 - 14:41 | 5563969 Bemused Observer
Bemused Observer's picture

Now that oil prices are tanking, fracking really doesn't make sense, not right now. That oil isn't going anywhere, it can always be retrieved later if needed. And fracking is an industry that requires big loans. So why would it behoove anyone to encourage fracking at this time?

We don't need more expensively-obtained oil in a 40-50 dollar a barrel market. And we don't need any more big business bankruptcies, like over-extended frackers who can't pay their loans when the market for their product turns...And we don't need any more fake jobs that get everyone's hopes up for a short time, only to dash them once again when the frackers shut down operations.

Wed, 12/17/2014 - 15:36 | 5564340 Augustus
Augustus's picture

Wells are still being drilled and completed in PA without much interruption.

Fracking does not require big loans.  It does require cash up front that can be paid with equity capital.  Money rolls back in in about a year.  Loans just allow faster expansion but are not a drilling requirement.

Wed, 12/17/2014 - 15:54 | 5564474 pods
pods's picture

From what information I have gotten (secondhand) from PA, it seems the money comes in by the truckload.

pods

Wed, 12/17/2014 - 14:44 | 5563979 Son of Captain Nemo
Son of Captain Nemo's picture

"Wally" Talal on the OPEC cartel...

We are not a gang we're a club!

Now that the "House Nigger" is attempting a different kind of intercourse with the Country just 90 miles off the coast of Florida... Will he...

Give it back the rest of it's land and free the tortured souls going on 14 years that have been living on it along with Au instead of USD as payment for it's untapped and yet to be controlled "natural resources"?!!!

P.S.

To President Lance Link

You should have had the balls and risked the "bullet" like the 35th one did 51 years ago.  Cause all the oil and perfumes from the House Saud ain't gonna get that white/chocolate pucker of your's clean!

Wed, 12/17/2014 - 14:44 | 5563983 Captain Willard
Captain Willard's picture

Translation:

"Now that shale projects in NY State are uneconomic and will not be pursued anyway, I will make the low-risk political decision to ban fracking since it's irrelevant"

Wed, 12/17/2014 - 14:59 | 5564069 NotApplicable
NotApplicable's picture

I was beginning to think that I was the only one to make this connection.

It will be interesting to see how this same logic applies to the Keystone pipeline.

Wed, 12/17/2014 - 15:13 | 5564158 Captain Willard
Captain Willard's picture

I have a steak dinner bet riding on Obama's upcoming veto of the Keystone XL. I'm betting he vetos it. My buddy thinks he will throw the GOP a bone because he knows it won't get built now anyway and sign it. We shall see who eats and who pays.

Wed, 12/17/2014 - 14:51 | 5563985 noben
noben's picture

Well... We can just import more from Canada. Eh.  Harper will do ANYTHING for his US bosses. And I mean ANYTHING.

And then we sit back and wait for ISIS to show up in Alberta.  The thing is, Albertans are like Texans and will happily provide a real Albertan "Welcome Wagon" for ISIS, if ya get my drift.  LOL.

Wed, 12/17/2014 - 15:03 | 5564086 gcjohns1971
gcjohns1971's picture

Grandma was from a ranch oustide Cardston.

I have cousins there.

Can't argue with you on that one.

Wed, 12/17/2014 - 14:49 | 5564022 Captchured
Captchured's picture

As a few others have already posted, it is not a Saudi prince that paid him off. However, Russia and Iran are probably very happy about this. Natural gas produced in New york would have been much cheaper to get to western Europe. I guess they'll have to stick to their Russian gas. I've said it before and I'll say it again, if anybody thinks that this is about clean water and not economic warfare then you are living in a dream world. 

Wed, 12/17/2014 - 15:40 | 5564371 Jack Burton
Jack Burton's picture

" Natural gas produced in New york would have been much cheaper to get to western Europe."

The great LNG myth again? As if Europe can afford to pay for LNG in the volumes needed to replace cheap Russian gas already being used through existing pipelines and distribution points.

Sure LNG can replace Russian gas, and the EU can slowly die in economic ruin as ruiness gas prices shutter the economies. You can't possibly run the numbers and believe the LNG myth. Fracking is debt ridden ponzi. LNG conversion is costly, tanker trips in the thousands every year burn fuel at a massive rate, new LNG terminals in Europe and USA are costly, and a totally new distribution system? Just add up the cost of these tankers, one of earths most expensive ships to build and costly to operate. And the source gas is frack gas, the most expensive gas on earth. Seriously?

Sure, it can be done. What do you think the price will be at the point of use?  This is one of America's great dreams, this country really has gone wacko.

Wed, 12/17/2014 - 15:52 | 5564457 Augustus
Augustus's picture

Russian gas is not cheap.

LNG from the US would be less expensive.  That is why the EU would buy it.  Duh.

Wed, 12/17/2014 - 17:06 | 5564916 Captchured
Captchured's picture

I down-voted you because in the USA we pay ~$3.50/mmbtu and in western Europe they pay ~$9.00/mmbtu imported. That's a large delta. As I read it (and I'll admit I know next to nothing about shipping costs), it costs about $2/mmbtu to ship LNG and $2/mmbtu to liquify it. That means that it could be sold for a profit in the form of LNG to Europe. 

The natural gas business in the US has already had its great shakeout. That is not to say that more companies won't fall due to low oil prices. However, natural gas producers already got slaughtered and had the herd thinned (think Chesapeake-like companies) during the initial collapse in 2008. The remaining players are generally running lean and can survive on $3 natural gas. Yes, that means that fracing does, in fact, work economically for a number of companies. And, yes, there are a number of uneconomic plays that involve fracing, too. Your blanket statement about it being a ponzi scheme are akin to saying because the housing industry had become a fraudulent bubble by 2007 that all houses are worthless. There are good plays/companies and bad ones.

http://www.timera-energy.com/uk-gas/lng-vessel-charter-rates-heading-south/

https://ycharts.com/indicators/europe_natural_gas_price

http://www.eia.gov/naturalgas/weekly/

http://petrowiki.org/Liquified_natural_gas_(LNG)#Economics_of_the_LNG_chain

Wed, 12/17/2014 - 14:51 | 5564024 Barnaby
Barnaby's picture

1. Oil and gas is ubiquitous, like pneumonia.

2. It makes sense to go to the places where oil and gas is, and extract these energy commodities from there.

3. It does not make sense to place workers in your glorious county who take chemicals and your precious watershed, that potentially feeds hundreds of millions, and try and "make" oil because these waste-of-space losers couldn't get a functional degree worth a tin shit.

Let us export our peckerwoods, and import oil and gas. Win-win.

Saudi Arabia would gain truck testicles and a love for some sort of Cable Guy Comedian.

Wed, 12/17/2014 - 15:00 | 5564075 gcjohns1971
gcjohns1971's picture

Once upon a time,

Representative Legislatures made the Laws.

 

What the hell happened?

Wed, 12/17/2014 - 15:20 | 5564233 Barnaby
Barnaby's picture

Once upon a time colonists came here, raped the land, killed the people, called it free and made its children worship a flag in things called "schools." We are Crown, pawns of Empire.

Wed, 12/17/2014 - 15:20 | 5564222 kchrisc
kchrisc's picture

"I cannot support high-volume hydraulic fracturing in the great state of New York,” acting health commissioner Howard Zucker said, adding that he wouldn’t allow his own children to live near a fracking site. He said the “cumulative concerns” about fracking “give me reason to pause.”

While I have no opinion on fracking itself, these pronouncements by the criminal class always make me chuckle.

If the right amount of "support" had been received from the other interests, this would have been his announcement:

“I support high-volume hydraulic fracturing in the great state of New York,” acting health commissioner Howard Zucker said, adding that he would allow his own children to live near a fracking site. He said the “cumulative concerns” about fracking “give me no reason to pause.”

An American, not US subject.

 

"Truth in politics is like romance and rape."

Wed, 12/17/2014 - 15:27 | 5564276 Barnaby
Barnaby's picture

Look, you gave me a big lecture on Columbus and I tolerated it. But this I cannot abide.

America is named for Amerigo Vespucci. It is, like AustraliA, AfricA, Asia, Antarctica .... a plunderable place. Alpha and Alpha (the beginning and the beginning). Novus Ordo Bitchorum.

Call yourself something else. I am Cherokee. You are Dutch. Don't be American.

Wed, 12/17/2014 - 15:49 | 5564430 Augustus
Augustus's picture

Cherokee plundered by burning miles of land to be able to plant a crop.

They were limited in plundering by lack of technology.  No Wheels.

Slavery was their common practice of increasing production.

Wed, 12/17/2014 - 16:03 | 5564528 Barnaby
Barnaby's picture

I dispute that with family histories. Irrefutable histories.

Your statement is as racist as saying all negroids are killers. Or all chinks are washwomen. Or all spics are niggers.

Shame.

Wed, 12/17/2014 - 15:21 | 5564238 orangegeek
orangegeek's picture

saudi and russian bribes make things happen

 

now barry and george soros are teamed up and closer than ever to get brazil's/petrobras' oil shipped to the US

 

fuck you and die soros

Wed, 12/17/2014 - 15:22 | 5564250 dexter_morgan
dexter_morgan's picture

heavily-indebted shale companies now scrambling to boost liquidity or else face bankruptcy if crude prices remain at current levels

As Vlad laughs an evil laugh over in Moscow

Fuck Cuomo that statist piece of shit

Wed, 12/17/2014 - 15:27 | 5564274 viator
viator's picture

Il Duce Cuomo is an idiot.

Wed, 12/17/2014 - 15:39 | 5564368 s2man
s2man's picture

Populist Pandering?  Please, Tyler.  Would you like your groundwater polluted?

Wed, 12/17/2014 - 15:50 | 5564444 Augustus
Augustus's picture

Fracking does not pollute ground water.

Would you like to have your gas shut off?

Wed, 12/17/2014 - 15:42 | 5564386 GFORCE
GFORCE's picture

It could be argued that allowing Fracking would be doing Saudi bidding. http://otdon.blogspot.co.uk/

Wed, 12/17/2014 - 15:44 | 5564406 Jack Burton
Jack Burton's picture

The new god in America. He is called Fracking. A ponzi scheme awash in debt and producing the most costly hydrocarbons on earth, except for Canada Tar Miners. Tar Mines cost 10 times as much as Saudi oil to produce! Fracking must be around 7-8 times as expensive then. Why all this debt overhang? I know why, the fuels they sell cost nearly as much to produce and they gather at market. Simple market economic and ponzi financing will ddoom this dream within a deacde from now. We are early days Ponzi, so there are greater suckers to go long frackers. Wish my book was full of their bonds and stocks!!!

Wed, 12/17/2014 - 19:44 | 5565795 TeethVillage88s
TeethVillage88s's picture

Duopoly, a marriage between banking & Government might explain this as policy.

- Banking Policy
- Government Policy
- Industry Scheme

A) Cheap Financing B) National Goal C) Banking Ponzi D) Pensions, Investors & Taxpayers will take the cost as Fascist Policy

Wed, 12/17/2014 - 16:06 | 5564543 shovelhead
shovelhead's picture

Use reclaimed fracking water to interrogate prisoners.

Win / Win.

Why do I have to come up with all the solutions around here?

Wed, 12/17/2014 - 16:19 | 5564615 davelis
davelis's picture

His daddy killed the billion dollar Shoreham nuclear plant. So he is consistant. 

Wed, 12/17/2014 - 16:43 | 5564760 Son of Loki
Son of Loki's picture

"Healthy water makes my head hurt."

Wed, 12/17/2014 - 17:00 | 5564878 esum
esum's picture

casinos and related vice are much better for the upstate bark eaters....

bravo to those who sold the fracking rights and got paid... pity those who didn't

cuomo is in love with himself and is your typical libturd..

Wed, 12/17/2014 - 17:39 | 5565178 roadhazard
roadhazard's picture

"Doing Saudi bidding" ... fuck you, "tyler durden.

Wed, 12/17/2014 - 17:51 | 5565247 roddy6667
roddy6667's picture

Let's see. No fracking, no refineries, no nuclear power plants, no new hydroelectric dams. It's going to get cold and dark in New York.

Wed, 12/17/2014 - 18:02 | 5565290 Smilygladhands
Wed, 12/17/2014 - 19:45 | 5565768 TeethVillage88s
TeethVillage88s's picture

Everything is rigged. Last year I was seeing New York Properties for sale in the Fraking Region advertised as such and for sale by Mr. White (I think) who is also a Oil Executive.

So Last Year the Writing was on the Wall. Industry, Government, and Interest Groups came to an agreement "Last Year" in my opinion... and knew where this was going for New York State.

Or I might be wrong.

The 14 Characteristics of Fascism by Lawrence Britt

http://globalresearch.ca/articles/BRI411A.html

Do NOT follow this link or you will be banned from the site!