'Thatk the statists': New York farmers losing out on any fracking royalties

ALBANY, N.Y. — While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.

“I’m devastated,” Johnson said after Gov. Andrew Cuomo’s health and environmental commissioners announced on Wednesday that they were recommending a fracking ban. “I have concerns about how to continue this farm that’s been in the family for 150 years.”

Energy companies denied the chance to drill in New York simply can raise their rigs in other states. That’s what they’ve done since the Marcellus Shale gas-drilling boom began in 2008 and New York launched an environmental review that effectively put a moratorium in place. But landowners in what is called the Southern Tier region of the state who had hoped to reap royalties from gas production don’t have that option.

“Frankly, my heart breaks for all those families in the Southern Tier who were denied the opportunity to develop their mineral resources,” said Karen Moreau, executive director of the New York branch of the American Petroleum Institute.

New Yorkers have watched other states that sit atop the Marcellus Shale — Ohio, West Virginia and Pennsylvania — ride the fracking boom and reap profits from one of the world’s largest natural-gas deposits. Some New York landowners signed lucrative leases with energy companies and received multimillion-dollar signing bonuses before the natural-gas market and the state’s regulatory climate soured. But many landowner coalitions never got the chance to sell their leases.

http://www.dispatch.com/content/stories/national_world/2014/12/21/n-y--farmers-losing-out-on-any-fracking-royalties.html?utm_medium=twitter&utm_source=twitterfeed
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Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

'Thatk the statists': New York farmers losing out on any fracking royalties

'Thatk the statists': New York farmers losing out on any fracking royalties

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