As New York considers new hydrofracking regulations that would allow companies to drill an estimated 48,000 gas wells across the rural countryside, many see the pitched battle over the state's fracking plan as a tug-of-war between the environment and the economy. In reality, both will suffer if the frackers get their way.
Riverkeeper, the organization I lead, is devoted to protecting the Hudson River and the drinking water supply for nine million New Yorkers. We originally engaged with this issue to protect New York City's drinking water, but the risks go far beyond one watershed, even one so important it serves the nation's largest city.
You've got to wonder what those folks would say if they knew that fracking has so many drawbacks it would leave New York in worse economic shape, not better.
What's truly scary is that state officials have
ignored all this evidence about hydrofracking's potential to ruin our economy. The state did prepare an "Economic Assessment Report" on fracking, with the help of a consultant. But, it appears that the consultant was asked to study only the economic
benefits of fracking, as the report spends a scant seven pages dismissing concerns about fracking's negative economic impact, in terms so superficial they'd make a booster blush, while devoting 250 pages to fracking's supposed benefits.
If Gov. Cuomo does give fracking the green light, watch out. The drillers are going to have one hell of a party, and we New Yorkers will end up with the hangover. However, if our famously rational governor thinks this one through, he can avoid disaster. The facts show that hydrofracking doesn't just destroy air and water quality, undermine community character and make people sick. Fracking would also do serious harm to New York's economy. Net-net, fracking is simply a bad bet.
No question that America needs a sustainable energy plan, but fracking is neither safe nor sustainable nor good for the economy. Those who say it is are selling snake oil, not natural gas.