Motives of Anti-Drilling Groups Exposed in NY Post Editorial
The headline of a recent editorial in The New York Post says “Frack, baby, frack!” in a play on the oft-quoted phrase “drill, baby, drill.” It is a short but good piece, summarizing where New York stands on drilling in the Marcellus Shale. It encourages newly elected Gov. Andrew Cuomo to either lift the drilling moratorium immediately, or let it expire in July, so drilling can (finally) go forward.
One of the interesting points made in the editorial is that the motives of environmental groups in opposing drilling are not 100 percent pure as the wind-driven snow, which is what they want you to believe. The truth is, opposing Marcellus drilling is “good for business.”
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If you live anywhere near the Binghamton, NY area, Marcellus Drilling News editor Jim Willis invites you to attend a local meeting on drilling in the Marcellus tonight, Friday, March 4. Be sure to hello! I’ll wear a big MDN badge so you can recognize me.
Many landowners in the Broome County, NY area who signed gas leases years ago are now receiving letters from the energy companies holding those leases that the landowner is “locked in” to the terms of the lease even though the original term has now expired. Why? The legal term is “force majeure,” which roughly means “due to circumstances beyond our control—the fact that New York State continues to prevent drilling—you have to stick with us for a while longer.” Because this involves contracts and interpretation of the terms of those contracts, it’s now in the hands of lawyers, or heading in that direction.