Upstate New York residence has right to use the land for whatever they want. The landowners bought the land legally in exchange for using the land freely without external regulation. The hydrofracking does not only benefit the nation with the abundant natural gas but also benefits the landowners financially with continuing recession.
For few years hydrofracking received bad reputation as it was reported that it might harm the environment and human health. However, the expected damage outweighs definite benefits. In the current case of excessive recession, any action that may help the economy must be supported. Therefore, the hydrofracking, which brings tremendous amount of revenue and benefits, must be supported and carried out.
In exchange of the usage of the land, the landowners lease their backyards to the hydrofracking company to install drills that can extract natural gas. With the agreed-lease-payments, the landowners also get extract incentives from the gas produced in their land. It is hard to deny that the deal is very sweet to anyone who has a land.
In Chemung County, NY an economic boost was observed. The observers say that the boost was from the hydrofracking that was done in the Chemung County. The additional consumption of hydrofracking users boosts the community’s sale up to 60 percent. The workers are buying foods, clothes, and gifts from Chemung sellers. Since the county is getting external injection of money, it is inevitable for the county’s economy to boost. In addition of the sale revenue, the landowners of the county are also having a good real estate market too. The demand of the rents from the workers increase and it results higher price and then higher profit for the landowners. “Nonetheless, the report said that Chemung and other counties in the state’s Southern Tier where shale gas is assumed to be plentiful can expect a surge in retail sales and tax revenue from those workers once drilling begins.”
With the local economy, the airplane industry are also benefitting from traveling hydrofracking workers. “Ann Crook, the manager of Elmira Corning Regional Airport in Big Flats, estimates one of five passengers flying in or out has some tie to the gas industry.” It is evident that the hydrofracking industry causes chain reaction that benefits surrounding area’s economy.
If the Upstate residents sign the lease papers and let the hydrofraking to start, it is evident that the financial boost that happened in Chemung and other counties in New York will occur once more. Once again, in the recession, economic recovery has priority over other aspects. The hydrofracking bring economic benefit to the nation with natural gas and to the local individuals with great sales and revenues.
Mirreya Navarro. (2011, Dec 28). With Gas Drilling Next Door, County In New York Gets An Economic Lift. New York Times, pp. A.18.
