Fracking Fraud
Photo by Jacques del Conte.
Hucksters for high volume hydraulic fracturing with horizontal drilling, the intensely industrial process by which x percent of natural gas and oil are mined in the United States today, loudly tout multiple benefits of the practice. Fracking reduces dependence on imports of crude oil. It generates jobs, profits and tax revenues. Fracked gas burns cleaner than coal, reducing smog and carbon pollution. Fracking leads to lower prices for gasoline and other petroleum products. It’s a variant of the last claim I examine here.
I live in Upstate New York, a place spared the direct ravages of hydrofracking by an especially vigorous years long opposition campaign that led Governor Andrew Cuomo to “ban” the process in 2014 (the next governor could reverse Cuomo’s decision). The state still suffers myriad indirect insults from fracking, including mile-long oil trains from the Bakken Shale, and a network of proposed pipelines, storage facilities and giant compressors to move fracked gas from Pennsylvania to New York and New England. Setting aside the grievous environmental damage of pipeline construction and the ‘round-the-clock threat of another Lac Megantic, New Yorkers were supposed to benefit from the lower costs of heating fuels promised by fracking supporters.
Northeasterners use a wide variety of fuels to ward off the winter chill: electricity, wood, corn, pellets, propane, kerosene, oil, natural gas, even coal. Natural gas is most common. Despite the promises, fracking has not prevented spikes in fuel costs. In recent years, several severe winters caused heating oil and electricity prices to skyrocket.
Given the flood of fracked gas from shale formations as close as the Marcellus, the price ought to have followed that of gasoline. Yet, while current wholesale natural gas prices are twenty-four percent lower than last year, Capital Region of New York customers of National Grid (the local utility) can expect a two percent drop in their bills.
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