NY shale drilling ban sparks backlash

Dec 03, 2010 | 06:20 AM |

Steelmakers serving the energy market are facing fallout from a New York State ban on hydraulic fracturing in the state until mid-May 2011.

The New York State Assembly passed the bill in a 93-43 vote last week, sparking angry denunciations from a drilling industry trade group.

"This bill is a job killer, an upstate business killer and potentially an industry killer," Brad Gill, executive director of the Independent Oil and Gas Association of New York State (IOGA of NY), said in a statement.

Gill urged New York Gov. David Paterson to veto the measure. "The governor must be made to understand the vast unintended consequences and act quickly to reject this needless legislation," he said.

The state senate in August had voted in favor of a moratorium on shale drilling until May 2011.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results