Here's an excerpt from an editorial in today's NY Post, citing the benefits of fracking and lamenting Governor Cuomo's failure to approve it:
"According to the just-released study from IHS Cambrige Energy Research Associates, in 2012 the natural-gas extraction process known as fracking helped:
-Support 2.1 million American jobs.
-Produce almost $75 billion in federal and state revenues.
-Generate $283 billion to GDP.
-And boost national per-household income by more than $1,200.
The findings are similar to those of other studies."
I like to consider the pluses and minuses of issues. In this instance, do the economic benefits of fracking surpass the potential environmental hazards? I believe they do. Upstate NY is hurting. Just across the border in Pennsylvania residents have seen a boom by tapping into a particular shale and extracting natural gas. Environmentalists are blocking work on it on the NY side. So far studies have shown that fracking, because of modern techniques, does not harm the environment. Even if those studies are inaccurate, the environmental damage would have to be pretty extensive to offset the economic benefits. We may never be totally independent of foreign sources of energy, but we have the potential to be largely independent. Frack, baby, frack.
I suppose it was inevitable. The floating book shop's long winning streak was broken today. As I've done the past few Sundays, I set up a limited edition at the busy corner of Bay Parkway and 86th Street, concentrating on my books and those of my literary angel, January Valentine. One gentleman was interested in Close to the Edge. I sense he balked at the asking price, $10. Had I set up the full monty, I would probably have made a few bucks from a Russian woman and her teenage daughter who've bought many books from me. That's the way it goes sometimes.
Vic's 4th Novel: http://tinyurl.com/bszwlxh
Vic's 3rd Novel: http://tinyurl.com/7e9jty3
Vic's Website: http://members.tripod.com/vic_fortezza/Literature/
Vic's Short Story Collection (Print or Kindle): http://www.tiny.cc/Oycgb
Vic's 2nd Novel: http://tinyurl.com/6b86st6
Vic's 1st Novel: http://tiny.cc/94t5h
Vic's Screenplay on Kindle: http://tinyurl.com/cyckn3
Vic’s Short Story on Kindle: http://tinyurl.com/k95k3nx
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