New York Governor Cuomo Does Saudi Bidding, Bans Fracking In NY State

Jon Alternative Media, Blogosphere, Economy

Having missed the entire shale boom, and with heavily-indebted shale companies now scrambling to boost liquidity or else face bankruptcy if crude prices remain at current levels, moments ago New York Governor Andrew Cuomo said Wednesday his administration would prohibit hydraulic fracturing statewide, citing health concerns and calling the economic benefits to drilling there limited. ‘I cannot support high-volume hydraulic fracturing in the great state of New York,’ acting health commissioner Howard Zucker said, adding that he wouldn’t allow his own children to live near a fracking site. He said the ‘cumulative concerns’ about fracking ‘give me reason to pause.’
It only took him 6 years to get to the bottom of said “concerns”? Or perhaps a phone call and an envelope from one or more Saudi princes helped accelerate the decision.

This post was published at Zero Hedge on 12/17/2014.