API: Court of Appeals review of hydraulic fracturing bans could open economic opportunity

Source:API

API: Court of Appeals review of hydraulic fracturing bans could open economic opportunity New York State Petroleum Council Executive Director Karen Moreau welcomed the decision by New York’s Court of Appeals to hear from local landowners and the oil and natural gas industry on hydraulic fracturing bans in Middlefield and Dryden that stand in the way of needed economic investment.

Natural gas development will give a huge shot in the arm to many economically depressed areas of Upstate New York. We are pleased that New York’s highest court has agreed to hear these cases, and it could be a significant step toward ending a state-wide moratorium that is stifling job creation and investment.

“Hydraulic fracturing is a safe and time-tested engineering technology that is creating economic opportunities and jobs in areas of the country that need it the most.”

The NYSPC and API represent all segments of America's technology-driven oil and natural gas industry. Its more than 550 members provide most of the nation's energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy, delivers $85 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.

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