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The idea of economic security is appealing, especially for residents of impoverished rural areas in Pennsylvania, West Virginia and upstate New York, but the immediate financial benefits (which residents will see very little of) are small in comparison to long-term economic, social,
and health problems that gas extraction will create for these communities. In June 2011, Ian Urbina reported in The New York Times that gas companies may be overstating the productivity of their wells and the size of their reserves in order to lure investors, with one drilling research firm even referring to shale drilling investments as "giant ponzi schemes." The result could be more wells, and more environmental damage. “If shale gas wells fade faster than expected, energy companies will have to drill more wells or hydrofrack them more often, resultin

Added: Feb-22-2012 
By: jgmurj
Regional News
Tags: fracking, hydrofracking, environment, new york, pennsylvania, westvirginia
Views: 1385 | Comments: 45 | Votes: 2 | Favorites: 3 | Shared: 3 | Updates: 0 | Times used in channels: 2
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