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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: richardred who wrote (170064)10/2/2012 7:40:50 AM
From: Dennis Roth1 Recommendation  Read Replies (1) of 206198
 
New York's endless moratorium drags on.

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Rulemaking will likely delay NY gas drilling plans
Updated September 30, 2012, 1:06 p.m. ET
online.wsj.com

Associated Press

ALBANY, N.Y. — New York regulators expect to reopen their rulemaking process for natural gas drilling using hydraulic fracturing, casting doubt on whether a 4-year-old moratorium on development will be lifted before next year.

Department of Environmental Conservation spokeswoman Emily DeSantis said Sunday the agency expects to miss a Nov. 29 deadline for finalizing regulations, making it necessary to reopen the process with at least one public hearing...

[snip]

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Not that it matters much. New York's resource is dry gas and at today's prices no one is in
a big hurry to give big signing bonus to landowners for leases or start hiring locals to
develop the resource. New York had a chance to get in on the boom and threw it away.
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