Wednesday, December 26, 2012

AP: Fracking not likely to start in 2013

Posted By on Wed, Dec 26, 2012 at 9:10 AM

An Associated Press report says that New York is unlikely to see the start of fracking in 2013, even if the state does green-light the process.

The article gives two simple explanations. For one, industry officials expect that if the state OK's high-volume hydraulic fracturing and horizontal drilling in deep shale formations, getting a permit could take up to a year.

The other issue is purely economic. Natural gas prices are incredibly low right now and shale gas is more costly to extract than natural gas drilled conventionally. Since there's something of a glut on the gas market, many drilling companies have pulled back on their shale gas drilling.

Tags: , , , ,

Speaking of...

Comments (3)

Showing 1-3 of 3

Add a comment

Subscribe to this thread:
Showing 1-3 of 3

Add a comment

Readers also liked…

  • RCSD reportedly makes its choice

    Luvelle Brown, currently head of Ithaca schools, is reportedly RCSD's new superintendent.
    • Jun 9, 2016
  • Homeland Security allegedly contacted about two Naz students

    A member of a local church allegedly called Homeland Security after two male Nazareth College students, both Muslim, attended a service and coffee hour at the church on Sunday, said Nazareth president Daan Braveman in a letter addressed to the "Campus Community."
    • Dec 7, 2016

Latest in News Blog

More by Jeremy Moule

People who saved…

Browse Listings

Submit an event

© 2017 City Newspaper.

Website powered by Foundation.