Is New York About To Face An Energy Crisis?

Amid the fracking boom that brought natural gas prices to
historic lows and led to the transition of a lot of power
generation capacity from coal to gas, New York and New England may
face power shortages tantamount to an “energy crisis” due to state
policies in recent years that have effectively banned fracking and
blocked pipelines that would bring in gas, writes the editorial
board of the Wall Street Journal. Ever since the previous governor,
David Paterson, introduced a moratorium on fracking in New York
back in 2010, the state has…

Amid the fracking boom that brought natural gas prices to
historic lows and led to the transition of a lot of power
generation capacity from coal to gas, New York and New England may
face power shortages tantamount to an “energy crisis” due to state
policies in recent years that have effectively banned fracking and
blocked pipelines that would bring in gas, writes the editorial
board of the Wall Street Journal. Ever since the previous governor,
David Paterson, introduced a moratorium on fracking in New York
back in 2010, the state has…