Homeowner Refused Mortgage Because of Nearby Gas Drilling
One of the arguments used against natural gas drilling is that it can drive down property values of nearby homes. While MDN has not seen studies to prove or disprove that argument, we did spot this story about a homeowner in western PA who has been refused refinancing of their mortgage by three different national lenders because there’s active natural gas drilling across the street from their home:
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On Friday, the Department of Interior’s Bureau of Land Management (BLM) released the long anticipated new rule for hydraulic fracturing on federally-owned and Indian-owned land (see a copy of the proposed new rule embedded below). The question for MDN readers is, does this have any impact on drilling in the Marcellus and Utica Shale? The answer to that question is…
The anti-drillers in New York are not content to block horizontal drilling. They increasingly have turned their attention to conventional, vertical natural gas drilling as their target, trying to shut down or otherwise harass an industry that has been safely operating in the state for decades.
Guess who’s now on board the anti-drilling bus? Peter Yarrow, of the sixties folk singing group Peter, Paul and Mary. Or as MDN editor Jim Willis used to call them back in the 1980s, “Peter, Paul and Commie.” Yeah, the singers of Puff the Magic Dragon have always been politically active—on the far left. In the 1980s they flew to Nicaragua to show their support for the brutal Socialist/Communist dictator Daniel Ortega. Why is it liberals love the commie dictators like Ortega and Castro? But we digress.
Al Amrendariz, EPA Region 6 administrator (Texas and surrounding states) has been