(By Erik Rush) - In the ongoing saga of the communist cabal currently driving policy in the White House, we have yet another instance of the most treacherous subversion in high places. Sadly, in this instance, it is costing lives...As reported last week by the Heritage Foundation’s Daily Signal news outlet, there is evidence that the nObama-Eric Holder Department of Justice was involved in funding a “community organization” linked to a controversial rap music video glorifying the murder of New York City police officers. http://www.wnd.com/2014/12/obama-and-holder-lied-cops-died/
(city-journal.org) - Citing unspecified concerns about health and the environment, Governor Andrew Cuomo announced this month that fracking (hydraulic fracturing) for natural gas is now banned in New York State. Some observers thought the governor might allow test drilling because economic growth from fracking in neighboring Pennsylvania has proved a boon. Though Cuomo seemed to distance himself (“I am not a scientist”) from the issue, a pro-fracking decision was never in the cards.
Winners in New York’s farewell to fracking include the OSI and its allies in the ecology land-acquisition movement. The governor’s decision means the price of prime real estate in the Southern Tier will not spike. The vast supply of natural gas beneath the surface can only be commercially accessed by fracking. The land will therefore be worth much less than it would otherwise. Other winners include environmentalists who remain committed to costly, unreliable wind and solar power. They oppose clean, cheap, abundant natural gas, which tends to liberate consumers from environmental watchdogs.
Also on the winners list is Saudi Arabia, which is currently allowing oil prices to fall, a market-testing maneuver known in the petroleum business as “sweating.” A lower price for oil can sweat competing energy producers out of business. So far, the natural gas industry has weathered the economic pressure, but anything that reduces supply—such as New York’s fracking ban—is welcome news in the global energy field, not only to the Saudis but also to Russia. As the New York Times reported earlier this month, Russia is using intimidation and anti-fracking demonstrations to maintain its stranglehold on Europe’s energy supply. Whether Russia is bankrolling anti-fracking organizations in the U.S. is unknown.Having convinced Albany that craps and blackjack equal economic development, the gaming industry is a winner, as well. On the same day the fracking decision was announced, a state board approved three new casinos in New York. Notably, none will be located in the struggling Southern Tier. Schenectady, a once-great manufacturing center, and two other locations in New York State will get glittering new “destination gaming resorts.” Despite growing evidence that casinos are a losing bet—so far this year, four casinos have closed in Atlantic City and a fifth is on life support—New York has decided to roll the dice on gambling and ignore its own data on the benefits of fracking.
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