North Carolina says “Yes!” to fracking

posted at 1:21 pm on June 6, 2014 by Erika Johnsen

Thanks to the political obfuscation of Gov. Andrew Cuomo, the state of New York is still stubbornly refusing to get on board with the shale oil-and-gas revolution despite its prime positioning on top of the Marcellus/Utica shale formations it shares with Pennsylvania, West Virginia, and Ohio. Too bad for New York, ’cause the state is missing out on a piece of the job- and wealth-creating action that has helped to keep our otherwise meandering economy afloat because of a few radically overblown but completely manageable environmental(ist) concerns. Other states, like North Carolina, are quickly getting over their erstwhile reluctance:

North Carolina’s governor signed a law on Wednesday that will lift a longtime state ban on hydraulic fracturing, or fracking, allowing shale gas exploration to begin as early as next year.

The Republican-led state legislature moved quickly last week to fast-track permits for fracking, in which rock formations are cracked and infused with chemical-laced water to extract natural gas. …

“We have watched and waited as other states moved forward with energy exploration, and it is finally our turn,” said Republican Governor Pat McCrory. “This legislation will spur economic development at all levels of our economy, not just the energy sector.” …

A 2012 North Carolina law cleared the way for fracking to begin, but called for a separate vote after rules were drafted to protect the environment. The new law allows permits to be issued without further legislative action two months after state regulations are completed, likely early next year.

Good thing, too — North Carolina may not have quite the underground riches of, say, Texas or North Dakota, but you never know until you try. In the meantime, fellow Southern states Louisiana and Mississippi have been prepping to take advantage of their own shale reserves and take part in the production boom that has so rapidly transformed America’s energy outlook in a matter of just a few years.


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Frack yes!

climbnjump on June 6, 2014 at 1:25 PM

Jimmy Carter April 18, 1977

The oil and natural gas we rely on for 75 percent of our energy are running out. In spite of increased effort, domestic production has been dropping steadily at about six percent a year. Imports have doubled in the last five years. Our nation’s independence of economic and political action is becoming increasingly constrained. Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil that it can produce.

Flange on June 6, 2014 at 1:27 PM

Good for them. Unfortunately here in Kentucky we don’t have the correct shale gas formations to tap and the War on Coal is destroying the economy in Eastern Kentucky.

Johnnyreb on June 6, 2014 at 1:28 PM

Jimmy Carter April 18, 1977

The oil and natural gas we rely on for 75 percent of our energy are running out. In spite of increased effort, domestic production has been dropping steadily at about six percent a year. Imports have doubled in the last five years. Our nation’s independence of economic and political action is becoming increasingly constrained. Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil that it can produce.

Flange on June 6, 2014 at 1:27 PM

And he was responsible for 12% unemployment and 15% Inflation also.

Johnnyreb on June 6, 2014 at 1:30 PM

North Carolina says “Yes!” to a strong economy, jobs, and quality of life. Just keep the unions out of it.

DAT60A3 on June 6, 2014 at 1:30 PM

Elections have consequences… First time in 118 years a republican legislature with a GOP governor.

mankai on June 6, 2014 at 1:33 PM

If you won’t let us use coal, well then… Frack You!

xdwall on June 6, 2014 at 1:33 PM

Tough shit MATT DAMON!

BHO Jonestown on June 6, 2014 at 1:33 PM

A 2012 North Carolina law cleared the way for fracking to begin, but called for a separate vote after rules were drafted to protect the environment. The new law allows permits to be issued without further legislative action two months after state regulations are completed, likely early next year

…JugEars is going to be really really mad about this…and some court will have to delay the permits!

KOOLAID2 on June 6, 2014 at 1:36 PM

And he was responsible for 12% unemployment and 15% Inflation also.

Johnnyreb on June 6, 2014 at 1:30 PM

Don’t forget 20% interest rates. It must have been fun trying to buy a house in the late 70′s early 80′s.

Capitalist Infidel on June 6, 2014 at 1:38 PM

Good for North Carolina. We New Yorkers are screwed (for many reasons).

Throat Wobbler Mangrove on June 6, 2014 at 1:39 PM

Don’t forget 20% interest rates. It must have been fun trying to buy a house in the late 70′s early 80′s.

Capitalist Infidel on June 6, 2014 at 1:38 PM

…I worked in a bank at that time…try getting ANY kind of loan!

KOOLAID2 on June 6, 2014 at 1:42 PM

energy independence
and high paying jobs

the things environmental extremeists and big govt welfare types hate.

a man with a good paying job does not need a high tax nannny state.

sniffles1999 on June 6, 2014 at 1:42 PM

Good for them. Unfortunately here in Kentucky we don’t have the correct shale gas formations to tap and the War on Coal is destroying the economy in Eastern Kentucky.

Johnnyreb on June 6, 2014 at 1:28 PM

That’s not good, but on the other hand you do have that wonderful Kentucky bourbon and it appears we’re headed into shortage mode on that…

climbnjump on June 6, 2014 at 1:44 PM

Good for them. Unfortunately here in Kentucky we don’t have the correct shale gas formations to tap and the War on Coal is destroying the economy in Eastern Kentucky.

Johnnyreb on June 6, 2014 at 1:28 PM

I understand that there’s a booming market in KY for Army Corps of Engineers projects.

BobMbx on June 6, 2014 at 1:49 PM

That’s not good, but on the other hand you do have that wonderful Kentucky bourbon and it appears we’re headed into shortage mode on that…

climbnjump on June 6, 2014 at 1:44 PM

Funny you should mention that as I saw a bunch of Bourbon barrels at the dump this morning sitting on a pallet waiting to get disposed of. And I was thinking about how much they would be worth in New England for decorative flower pots and such. Here they are pretty much just thrown out.

Johnnyreb on June 6, 2014 at 1:51 PM

Pat McRory was the GOP mayor of Charlotte for most of the 28 years I lived there, and he’s one to watch. I’ve been away from NC since 2002 now, and don’t know much about his current governorship, but the guy seemed like he could do no wrong in Charlotte.

Harbingeing on June 6, 2014 at 1:52 PM

“And he was responsible for 12% unemployment and 15% Inflation also.

Johnnyreb on June 6, 2014 at 1:30 PM”

Interesting- if you use the most accurate unemployment rate from the US Dept of Labor (u6), unemployment was at, lo and behold 12.2% for May.

And if you correctly factor food and gasoline into the inflation measure (which our current junta fraudulently excludes), or more to the point calculated the inflation rate as it was done in 1980, the rate would be over 10%.

So earflaps the lesser (a.k.a. Preznit Selfie) is just as massive a failure at “fixing” the economy as he is at roughly, oh, EVERYTHING else he attempts.

Gads…go home barry soetero, wherever that might be. And take your pet clydesdale with you.

We don’t like you. At all. Never did, either.

GrassMudHorsey on June 6, 2014 at 2:00 PM

I’m not sure North Carolina has much (the right formations) to frack, say compared with NY, Penn, Ohio. I’d bet Kentucky would be better.

Unfortunately here in Kentucky we don’t have the correct shale gas formations to tap

MikeHu on June 6, 2014 at 2:02 PM

Pat McCrory has a long term future on the national level with the GOP

jake-the-goose on June 6, 2014 at 2:03 PM

Don’t forget 20% interest rates. It must have been fun trying to buy a house in the late 70′s early 80′s.

Capitalist Infidel on June 6, 2014 at 1:38 PM

…I worked in a bank at that time…try getting ANY kind of loan!

KOOLAID2 on June 6, 2014 at 1:42 PM

In 1978 I bought a new house. Interest rate was 10 3/4%. Loan was only for $120K but monthly payments were about $1100.

I also started a business that year. $100k loan, prime+3%, which came out to 21.5% to start.

The banks were only too happy to take my money. To say the least it was a very challenging time.

NOMOBO on June 6, 2014 at 2:03 PM

about Fracking time

Oil Can on June 6, 2014 at 2:03 PM

Obama. Take a GOOD look. This is what “shovel ready” really looks like.

Walter L. Newton on June 6, 2014 at 2:07 PM

Germany about to approve fracking

J_Crater on June 6, 2014 at 2:08 PM

In 1978 I bought a new house. Interest rate was 10 3/4%. Loan was only for $120K but monthly payments were about $1100.

NOMOBO on June 6, 2014 at 2:03 PM

$120k for a home in 1978? That would be twice the average home price that year. Today, that would equate to something in the range of a $500k home.

But I admit it, for a few seconds I felt sorry for you.

BobMbx on June 6, 2014 at 2:14 PM

We have a fight going on in St Tammany Parish, Louisiana where just north of Mandeville, a company wants to drill for shale. The envirofacist excuse is that the aquifer will be tainted. This is based on all pseudo-science and non-engineering. They’re winning in a very conservative part of the state.

If residents of St Tammany let the anti-fracking wackos win, they deserve it. Go to Covington and Mandeville and you’ll see more SUVs than anywhere in the state. They’ll all complain about how gas creeps up to $4/gal later this summer. Those stuck up RINOs want to chant “drill baby drill” and drive Suburbans but don’t want to contribute to energy independence. The oil companies that have offices there should move out if the parish council stops the well.

The shale comes into the parish I live in too, they can come in and frack their fracking butts off.

Lay-Z on June 6, 2014 at 2:36 PM

OT – SC and OK say NO to common core. Both governors signed yesterday.

Schadenfreude on June 6, 2014 at 2:36 PM

Don’t forget 20% interest rates. It must have been fun trying to buy a house in the late 70′s early 80′s.

Capitalist Infidel on June 6, 2014 at 1:38 PM

Yeah, but can you imagine 30 year Treasury Bills paying 15%?

Saverio on June 6, 2014 at 3:04 PM

$120k for a home in 1978? That would be twice the average home price that year. Today, that would equate to something in the range of a $500k home.

But I admit it, for a few seconds I felt sorry for you.

BobMbx on June 6, 2014 at 2:14 PM

Hey, it was in Southern Kalifornia. It was a brand new home in the Porter Ranch Hills of Northridge that actually is now worth about $650k (I sold it years ago, dammit.)

And I don’t know why you would have felt sorry for me even for a few seconds :-)

NOMOBO on June 6, 2014 at 3:15 PM

…in which rock formations are cracked and infused with chemical-laced water to extract natural gas…

The water has chemicals in it, but it sounds so much spookier if you say “chemical-laced water”.

slickwillie2001 on June 6, 2014 at 4:33 PM

Arkansas had to stop fracking in some areas due to earthquakes.

Dino V on June 6, 2014 at 4:37 PM

OT – SC and OK say NO to common core. Both governors signed yesterday.
Schadenfreude on June 6, 2014 at 2:36 PM

That’s next on the list here in NC- big head of steam in the legislature this week to get rid of Common Core- McCrorys on a roll! And we are doing away with state income tax- bazinga!

whatabunchoflosers on June 6, 2014 at 4:41 PM

Don’t forget 20% interest rates. It must have been fun trying to buy a house in the late 70′s early 80′s.

Capitalist Infidel on June 6, 2014 at 1:38 PM

I bought a business in 1981. Had to take out a note for 100K. 60 months, variable rate with a balloon payment at the end. One month, the payment covered $1.83 of the principal. That was a little bit scary.

trigon on June 6, 2014 at 5:28 PM

Believe me, the Buffet Slayer, Willaim Barbour, is already on this to add to his so-called “Moral Monday” protests.

PJ Emeritus on June 6, 2014 at 6:58 PM

Believe me, the Buffet Slayer, Willaim Barbour, is already on this to add to his so-called “Moral Monday” protests.
PJ Emeritus on June 6, 2014 at 6:58 PM

And what have these “Moral Monday” protests brought? Nothing more than fodder for the local TV station and arrest records for the martyrs

whatabunchoflosers on June 6, 2014 at 9:25 PM