Cuomo Energy Scheme Raises Energy Costs and Emissions

The Wall Street Journal did a wonderful editorial this week pointing out how pursuing an ideological energy strategy is raising energy costs and emissions.

I’m not that big a fan of the Wall Street Journal these days, but the its editorial board just came out with one of the best pieces I’ve seen on how Governor Andrew Corruptocrat is destroying Upstate New York, while raising both energy costs and emissions. The pie, which may be found here, speaks for itself but I’ve excerpted the key parts below.

The Empire State’s southern tier overlays the rich Marcellus and Utica Shale formations, among the most productive drilling regions in the country. Shale fracking has been an economic boon for Appalachia—and could have lifted upstate New York. Since 2010 natural gas production has surged 520% in West Virginia, 920% in Pennsylvania and 1880% in Ohio.
Mr. Cuomo’s predecessor David Paterson imposed a moratorium on fracking in 2010. After winning re-election in 2014, Mr. Cuomo started laying the ground for a White House bid and made the ban permanent. Between 2010 and 2015, New York’s natural gas production plunged by half—which has translated into fewer jobs as well as less royalties for landowners and revenue for local governments.

Read more:

http://naturalgasnow.org/cuomo-energy-scheme-raises-energy-costs-emissions/

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