Fracking

Compulsory Pooling vs "condemnation"

Interesting twitter exchange this morning with Rep. Chuck McGrady concerning his proposed constitutional amendment which would supposedly limit the use of condemnation for other than "public use." Apparently he doesn't consider compulsory pooling to be the same as condemnation. That sounds like semantics to me.

Earthquakes!

Maybe if we get really lucky, we can get some earthquakes here in North Carolina too.

The authorities in Ohio ordered a halt to fracking at seven wells on March 10 after the two biggest quakes there, measured at magnitudes 2.8 and 3, were felt in Poland Township, about 10 miles south of Youngstown on the Pennsylvania border.

Outlook on fracking: All talk, no pay

It seems like the invisible hand of the capitalism is dealing trash when it comes to fracking around these parts. But that won't stop the honorables in Raleigh, who will give speculators all the rope they need. Only the most naive and inexperienced investors will jump into the fracking game in North Carolina, and the rest of us will be paying for their screw-ups for years to come.

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