Hail Shale
Shale Gas Production Booming in Northeastern US
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  • Fat_Man

    “while New York snubs its own shale reserves, its residents are enjoying the fruits of fracking’s labor.”

    New York, and other states that forbid fracking, should be charged a special tax which should be given to the states that do permit fracking. Given that US NG prices are less than half of world prices, the tax should be at least 100% ad valorem.

    • Thirdsyphon

      Similarly, the ~40% of states like Montana, Wyoming, North Dakota, South Dakota, and Utah, which “enjoy the fruits” of nuclear energy but have no nuclear power plants on their soil, can be made to remit an equivalent tax to states that do have them, like New York.

      • Fat_Man

        They didn’t ban nuclear. The tax would apply to states that banned fracking.

      • CaliforniaStark

        The states listed above do not receive any nuclear power from New York. Only about 14% of electricity in New York is generated by nuclear power, most of which is used in New York, with some going to New England.

        Gas and Methane are the source of about 62% of New York’s energy, with coal providing another 4%. Most of these sources come from outside New York.

        Saying this, see no point to a special energy tax. The states that allow fracking are booming; contrast this with the extremely high price paid for energy in New England last winter. Foolish policy decisions assess their own tax.

  • Boritz

    “…New York snubs its own shale reserves…”

    Imagine a future president appointing a cabinet-level Fracker General to oversee and prevent this kind of anti-social behavior. &nbspIt’s easy if you try.

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