In 1973 New York and the entire country suffered through an OPEC oil embargo. Gasoline became scarce, oil and natural gas prices shot up and everyone became aware of what it meant to be dependent on Middle East oil.
This study conducted by HIS Global Inc. shows school districts have saved over $1 billion dollars on energy last year due to hydraulic fracturing in the United States. Further, the study shows state and local taxpayers saved another $720 million on other government spending for the same period."
"Our patented technologies greatly improve the methodology of removing contaminants from oil field wastewater, and compared with current methods, it is more cost effective, and can be done onsite," said Jeff Soward, President of ARANA Water Technologies.
A new state-by-state analysis shows that New York could add up to 15,350 jobs and $1.95 billion to the state economy in 2020 if federal restrictions on U.S. crude exports were lifted, said Executive Director of the New York State Petroleum Council (NYSPC) Karen Moreau.
Republican critics and some in the energy industry have often cast President Obama as hostile to fossil fuels, but the White House on Monday issued a strong endorsement of the domestic oil and gas boom and the controversial drilling technique that has made it possible.