December 16, 2012

Welcome to Saudi Albany? - NYTimes.com

Welcome to Saudi Albany? - NYTimes.com: "If there is an uneasy equilibrium, right now, between environmentally concerned citizens and pro-fracking industrial groups, what will the political balance be like in a decade? What pressures will be on state legislatures and regulators if the projections are true and the millions of workers in Pennsylvania, Ohio, West Virginia and maybe New York will owe their jobs to fracking. There will be trillions of dollars of new wealth. Will environmental and health concerns have any chance against that juggernaut?"

Some pretend that the producers should pay the full price of the fracking revolution  Consumers always pay the cost of goods and services. That's the way it should be in our economy. 

It's to everyone's benefit to keep these costs rational and consistent with environmental and health protection but not bloated by unnecessary constraints and huge new government bureaucracies.



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