When is an energy revolution not an energy revolution? In New York, where there has been a de facto moratorium in place on hydraulic fracturing (commonly known as “fracking”).
America’s shale-driven transformation from a declining energy power to the world’s biggest gas producer – even a big exporter – has potential impacts globally, as well as locally.
Unfortunately, locally the impacts remain potential ones. Even as New York’s Southern Tier counties – the ones located above the gas-rich Marcellus Shale – have the worst employment numbers in the state, we recently learned that natural gas production in the state has decreased by 15 percent since last year.
This is the result of the unfortunate reality – that energy companies (that is investors and employers) have moved to other states where shale hydrofracking is permitted.