A Tale of Two Regions

9/19/18
 
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from TPPF,
9/18/18:

What to Know: Southern New York and northern Pennsylvania are adjacent, but they couldn’t be further apart economically. The reason? Fracking.

“New York’s Southern Tier and Pennsylvania’s Northern Tier were once so similar that they were dubbed the ‘Twin Tiers.’ But over the past decade, these neighboring regions have started to look more and more like distant cousins,” the (Elmira) Star-Gazette reports. “… In the Southern Tier — which has been denied the opportunity to develop its potentially vast Marcellus Shale reserves by a statewide ban on fracking formally implemented by Gov. Andrew Cuomo in 2015 — the landscape is dotted with abandoned factories, farms in disrepair, and empty storefronts. Just across the border, where shale development has been allowed, fracking has made Pennsylvania the country’s second-largest natural gas producer, and farms and businesses are thriving.”

The TPPF Take: There are real economic benefits from fracking.

“The shale revolution – brought about by innovations in oil and gas production like fracking – has launched a manufacturing and export resurgence that benefits every American,” says TPPF’s Kathleen Hartnett White. “That’s what New York is rejecting when it bans fracking.”

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