Posted February 18, 2014
U.S. Energy Secretary Says Fracking Brings Prosperity
Capital New York: ALBANY—U.S. energy secretary Ernest Moniz said Andrew Cuomo should consider the economic prosperity fracking has brought to Pennsylvania as he weighs a ban in New York.
Natural gas produced by fracking has boosted American industry by more than $100 billion and lowered CO2 emissions, Moniz said, in an interview with Capital.
“This new resource is of critical importance. If you look at Pennsylvania, it's amazing, in the Marcellus shale,” he said. “They have gone from a very, very minor contributor to the national natural gas production, to nearly 20 percent in a remarkably short period. And as we know, that has had enormous economic benefits for the state. Obviously, New York will presumably take that as one of the factors to be considered in its decision.”
Moniz acknowledged that high-volume hydraulic fracturing presents environmental challenges, but said it can also be done safely. Proper management of wells is important including minimizing water usage as well as recycling and the careful monitoring of surface water and flow back fluids.
Read More: http://bit.ly/1nL9I2i
More Industry News:
Help Wanted: Time to Put Americans Back to Work: http://fxn.ws/1hsMW1B
3 Big Reasons You Should Love Fracking: http://aol.it/1faoQqx
University of Oklahoma Offering New Hydraulic Fracturing Course to Keep up with Demand for Education and Training: http://bit.ly/1cWlceb
We Might Not have the Wells, But We Have Marcellus Business: http://bit.ly/1nL9Ajn
- Industry Looks for Faster, More Efficient Ways to Drill: http://bit.ly/1m6EfZk
Shale Activity Rock-Solid in Thriving Energy Market: http://bit.ly/1feqtlG
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.