CBO Report: Enormous Positive Impacts of US Shale
While Andrew Cuomo and his buddies were busy banning fracking in New York, the Congressional Budget Office (certainly no bastion of conservatism) issued a report on fracking. The new report, titled “The Economic and Budgetary Effects of Producing Oil and Natural Gas From Shale” (full copy embedded below) says we now get 30% of our oil and 40% of our natural gas from home-grown American shale. The report says without safe, clean, fracked American shale, our natural gas prices would be 70% higher than they are. Do you like those low gasoline prices we’ve seen lately? That’s because of American-produced oil from shale deposits. The enormous amount of supply from right here at home is flooding the market and causing prices to drop like a rock. If Cuomo & co had their way, all fracking across the country would stop tomorrow. Dangerously stupid is about the only thing we can think of to say to the strange attitude being exhibited by New York’s so-called leaders. Here’s a high level overview of the CBO study, followed by a full copy of the study…
Read More “CBO Report: Enormous Positive Impacts of US Shale”

This is a very sad day for all New Yorkers. Gov. Andrew Cuomo has decided to not proceed with high volume hydraulic fracturing (fracking) in the state. MDN editor Jim Willis has just finished listening to a live announcement in which the State Dept. of Health Commissioner Howard Zucker embarrassed himself by admitting he relied on shoddy rumors and flawed studies–and even lack of studies–to draw the conclusion that fracking should not be allowed. Zucker repeatedly said “there’s not enough research” to convince him that fracking is safe for NY’s human population.
Once again New York Gov. Andrew Cuomo is being a tease with regard to the fracking issue. Question is, do we believe him this time? Or is this yet another empty promise? During this fall’s single/only gubernatorial debate, Cuomo was asked about the fracking issue and he said a report from the state Dept. of Health on the fracking issue is due by the end of this year (now two weeks away). At the time, his harried campaign staff ran around after that off-the-cuff remark to “explain” what he really meant by it (see
Anti-drilling former “reporter” for the Binghamton Press & Sun-Bulletin, Tom Wilber, is back with an insightful article in the P&SB. Wilbur highlights an issue just now coming to light for residents in New York. Earlier this year the New York Court of Appeals (NY’s highest court) made a disastrous ruling that allows townships to ban fracking (see
Looks like we owe an apology to Maryland. For years we’ve laughed and poked fun at Maryland and said it is the only state more dysfunctional than New York when it comes to allowing fracking. Yesterday, the special Maryland commission, set up 3 1/2 years ago by the outgoing, leadership-deficient Democrat Gov. Martin O’Malley, released it’s final report with recommendations for how fracking can go forward in the state (full copy below). Incoming Republican Gov. Larry Hogan has promised swift action on the fracking issue. Meanwhile, NY sits on its hands and does nothing. Mind you, the proposed Maryland regulations are so off-the-charts restrictive that even the nutty, far-left Chesapeake Climate Action Network is singing its praises (a big red flag). But hey, the ability to drill half a dozen wells in Maryland is better that what NY has! Let’s start with a summary of the new regulations put forward by the commission…