{"id":3155,"date":"2014-12-17T13:26:56","date_gmt":"2014-12-17T18:26:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3155"},"modified":"2014-12-17T13:26:56","modified_gmt":"2014-12-17T18:26:56","slug":"new-york-governor-cuomo-does-saudi-bidding-bans-fracking-in-ny-state-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3155","title":{"rendered":"New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State | Zero Hedge"},"content":{"rendered":"

New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State | Zero Hedge<\/a>.<\/p>\n

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 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.\u00a0\u00a0\u201cI cannot support high-volume hydraulic fracturing in the great state of New York,\u201d\u00a0<\/strong>acting health commissioner Howard Zucker said, adding that he wouldn\u2019t allow his own children to live near a fracking site. He said the \u201ccumulative concerns\u201d about fracking \u201cgive me reason to pause.\u201d<\/p>\n

It only took him 6 years to get to the bottom of said “concerns.” That, and perhaps a phone call and an envelope from one or more Saudi princes.<\/p>\n

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\u2019s recommendation.<\/p>\n

As\u00a0reported by the WSJ<\/a>, New York\u2019s environment commissioner, Joe Martens, said that his agency\u2019s 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.<\/p>\n

\u201cThe economic benefits [of fracking] are clearly far lower than originally forecast,\u201d Mr. Martens said.<\/p>\n

Mr. Cuomo himself said the decision was made by his commissioners, not him. \u201cI don\u2019t think I even have a role here,\u201d he said at a news conference.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State | Zero Hedge. 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 New York Governor Andrew Cuomo said Wednesday his administration would prohibit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[1981,331,332,567],"class_list":["post-3155","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-andrew-cuomo","tag-fracking","tag-fracking-ban","tag-new-york"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3155"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3155\/revisions"}],"predecessor-version":[{"id":3156,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3155\/revisions\/3156"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}