How to Attract Shale Drillers to North Carolina?

[littlemissmartypants]

News about shale:
http://shaleblog.com/
http://shaleblog.com/category/north-carolina/

How to Attract Shale Drillers to North Carolina?

February 26, 2013

“The legislation would provide a menu of sweeteners for energy companies to encourage developers to pick North Carolina for shale gas exploration over other states that have a history of energy exploration and known energy reserves.” Quote from the NewsObserver.com article.

http://www.newsobserver.com/2013/02/13/2677362/energy-bill-that-would-lift-fracking.html

[In_The_Wind]

1. No Fracking! No way!

Wednesday’s public hearing lasted barely a half hour, as several senators asked technical questions and Ouzts questioned the wisdom of advancing the bill without sufficient knowledge about its consequences.But Newton stressed the urgency of attracting energy exploration, noting it can take several years of lead time to develop a shale gas drilling operation. North Carolina has several disadvantages, which Newton’s bill is intended to remedy with favorable conditions for the industry. Among North Carolina’s drawbacks are the uncertainty of the quantity of natural gas here and the state’s lack of experience in energy exploration. Additionally, the depressed global price of natural gas has resulted in a dramatic falloff of drilling activity nationwide, from a high of 1,606 wells in September 2008 to 428 wells on Feb. 1, according to a legislative staff memo prepared for Wednesday’s hearing.

[reteachinwi]

2. The value of the fresh water destroyed

is paid by current and future residents, a cost externalized by the drillers. If reasonable costs for the water that is destroyed had to be born by the polluters, their enterprise would be unprofitable. A familiar tactic.

http://host.madison.com/news/opinion/mailbag/carol-r-buelow-mining-bill-would-lead-to-irreparable-harm/article_ce841630-3bae-5a8e-bac7-9c42d6a804d8.htm