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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (31869)	11/10/2009 8:34:10 PM
From: Frank A. Coluccio	1 Recommendation Respond to of 46821

Watchdog: New York State Regulation of Natural Gas Wells Has Been “Woefully Insufficient for Decades.” The New York-based Toxics Targeting went through the Department of Environmental Conservation’s own database of hazardous substances spills over the past thirty years. They found 270 cases documenting fires, explosions, wastewater spills, well contamination and ecological damage related to gas drilling. Many of the cases remain unresolved. The findings are contrary to repeated government assurances that existing natural gas well regulations are sufficient to safeguard the environment and public health. The state is considering allowing for gas drilling in the Marcellus Shale watershed, the source of drinking water for 15 million people, including nine million New Yorkers. [includes rush transcript] Article and video: democracynow.org cf #msg-26053645 ; #msg-26011040 ; hat tip: Ray Duray ------

To: Frank A. Coluccio who wrote (31869)	12/3/2009 6:31:08 PM
From: axial	Read Replies (2) \| Respond to of 46821

An energy answer in the shale below? 'The first time Chesapeake Energy tried to buy mineral rights from Diana Whitmore, a 74-year-old retired real estate broker in southern New York, it offered her $125 for every acre of land plus a 12 percent royalty on whatever natural gas it extracts. Nearly two years later, she's still holding out. Along with hundreds of other landowners, she has joined a coalition that is negotiating with nine oil and gas companies. The latest offers in the area are running as high as $5,500 an acre with 20 percent royalties... "If you're a property owner, it's amazing," he said. "Even some of the ones who are members of these organizations that are supposedly against it -- when it comes time to get a check on their property, suddenly they're all for getting the check."' washingtonpost.com ~~~ There it is: partial relief from lack of preparation on energy and immediate financial benefit, clean water be damned. Neighbor against neighbor: a global story in microcosm. Is there any doubt about the outcome? Jim