• 3 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 7 minutes Saudi and UAE pressure to get US support for Oil quotas is reportedly on..
  • 11 minutes China devalues currency to lower prices to address new tariffs. But doesn't help. Here is why. . . .
  • 15 minutes What is your current outlook as a day trader for WTI
  • 1 hour In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 4 hours Will Uncle Sam Step Up and Cut Production
  • 12 mins Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 10 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 10 hours Gretta Thunbergs zero carbon voyage carbon foot print of carbon fibre manufacture
  • 2 hours * 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on terrorism, wars, lopping off heads * Too late now
  • 4 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 10 hours Continental Resource's Hamm wants shale to cut production. . . He can't compete with peers.
  • 15 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 24 hours Significant: Boeing Delays Delivery Of Ultra-Long-Range Version Of 777X
  • 1 day Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 23 hours Why Oil is Falling (including conspiracy theories and other fun stuff)
  • 13 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 5 hours US Petroleum Demand Strongest Since 2007
Alt Text

Oil Demand Growth Slowdown Isn’t Over Yet

Oil demand growth forecasts continue…

Alt Text

Heat Wave Pushes Texas Power Demand To Record-High

Unusually high temperatures caused a…

Andy Tully

Andy Tully

Andy Tully is a veteran news reporter who is now the news editor for Oilprice.com

More Info

Premium Content

NY Governor Bans Fracking In His State

The state of New York will ban hydraulic fracturing, or fracking, because of the potential it holds for creating a public health risk and its questionable economic benefits.

Gov. Andrew Cuomo essentially had removed himself from the decision-making process, saying he would rely solely on aides with expertise on the issue, including Environmental Commissioner Joe Martens and Acting Health Commissioner Howard Zucker.

“I don’t think I even have a role here,” Cuomo said at a news conference.

At an open cabinet meeting in Albany, the state’s capital, Zucker said he based his decision to ban frackin on a single question: “Would I let my child play in a school field nearby or my family drink the water from the tap or grow their vegetables in the soil? After looking at the plethora of reports as you see behind me and the others that I have in my office, my answer is no.”

Related: The Heart of This Shale Play Just Banned Fracking

As a result, the State Department of Environmental Conservation will issue a legally binding ruling formally prohibit fracking.

Fracking is often viewed as a major contributor to the boom in US oil and natural gas production, particularly in Texas, Pennsylvania and North Dakota, contributing generously to local economies and making the United States far less dependent on imported oil. It’s also controversial because some fear it could harm the environment.

Fracking relies on injecting water mixed with sand and various chemicals at high pressure into shale rock deep underground. The shale traps the oil or natural gas, and the jet of treated water cracks open the shale, releasing the fuel, which is then extracted by a method called horizontal drilling.

The chemicals used in fracking vary from driller to driller, and these proprietary mixes are kept secret. Some studies of fracking sites have drawn conflicting conclusions about health risks. Some say the practice poisons ground and surface water, and perhaps even degrade air quality. On the other hand, at least one that says that the chemicals are perfectly benign.

The study in the journal Analytical Chemistry says the chemicals are identical to those found in household detergents, toothpaste, even ice cream. Another, however, found that other chemicals, which are used in “reasonably high concentration” in fracking, are toxic to mammals, according to a report by the Lawrence Berkeley National Laboratory and the University of the Pacific.

Related: Wine And Gas Battle It Out In Northern US

Fracking in New York would be conducted in the state’s southern and western regions over the Marcellus Shale, a 12 million-acre subterranean deposit of natural gas that stretches into Pennsylvania and West Virginia.

But Martens, the state’s environmental commissioner, says drilling there would be of dubious economic value because his agency would have to limit the areas where drilling could occur. He didn’t mention that the price of oil and gas have been plunging in the past six months, making gas produced by expensive fracking increasingly less profitable.

“The economic benefits [of fracking] are clearly far lower than originally forecast,” Martens concluded.

By Andy Tully of Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment
  • John D on December 19 2014 said:
    As New York graciously accepts fracked natural gas piped in from Pennsylvania, it appears that NY is outsourcing its pollution.
  • MC on December 19 2014 said:
    Simple solution, stop piping natural gas in to NY. Let them liberals figure it out.
  • Carl on December 19 2014 said:
    Then also ban all gas imports to New York. New Yorkers health is no more important then any other Americans health!!!
  • Rick Hammer on December 19 2014 said:
    So, the governor decides to do something economically stupid for his state, then acts like it's not his decision. Like he wasn't even involved. That should tell you something right there. He also tries to justify it by saying that fracking has "questionable economic benefits." Oh really, isn't that why the US is now energy independent? What a liberal buffoon.
  • david godkin on December 23 2014 said:
    As a New Yorker I find the decision appalling. We are the highest taxed state in the union. As well as paying the highest utility cost for household energy. Theirs a reason New York leads the nation in exodus from the state for relocation. But I'm not convinced the Governor is to blame. the state senates majority is conservative. Not one state senator spoke in opposition to the announcement.
  • Barry B on December 23 2014 said:
    So all fracking operations in NY would have been located near schools and drinking water wells? I didn't realize that all the natural gas was just in close proximity to those areas.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play