Fighting Fracking
2013-03-20 - by
Opponents of fracking in North Carolina may have two powerful allies: the free market and politics.
John Murawski wrote in The News & Observer that “booming shale gas production in the Northeast” could give energy developers one less reason “to take financial risks to explore North Carolina’s virgin gas deposits in Lee, Moore and Chatham counties.”
Also, Kevin Brown, exploration manager for WhitMar Exploration, the Colorado energy company that has leased 5,950 acres in Lee County, said: “To be honest, between the low commodity price and the political uncertainty (in North Carolina), it’s kind of thrown a wet blanket on the enthusiasm there.”
Ah-ha, nothing like “political uncertainty.” Opponents’ strategy, then, is simple: Just raise the possibility that the 2014 or 2016 elections might turn out different and produce a changed political climate in Raleigh.
That may be enough to dry up interest – and scare away investors.
Isn’t the free market a wonderful thing?
Fighting Fracking
2013-03-20/
Opponents of fracking in North Carolina may have two powerful allies: the free market and politics.
John Murawski wrote in The News & Observer that “booming shale gas production in the Northeast” could give energy developers one less reason “to take financial risks to explore North Carolina’s virgin gas deposits in Lee, Moore and Chatham counties.”
Also, Kevin Brown, exploration manager for WhitMar Exploration, the Colorado energy company that has leased 5,950 acres in Lee County, said: “To be honest, between the low commodity price and the political uncertainty (in North Carolina), it’s kind of thrown a wet blanket on the enthusiasm there.”
Ah-ha, nothing like “political uncertainty.” Opponents’ strategy, then, is simple: Just raise the possibility that the 2014 or 2016 elections might turn out different and produce a changed political climate in Raleigh.
That may be enough to dry up interest – and scare away investors.
Isn’t the free market a wonderful thing?