Assemblywoman Barbara Lifton (D/WF- 125th District) today attended the presentation in Albany of Preliminary Findings on the Economic Consequences of Natural Gas Extraction in the Marcellus Shale, headed by Dr. Susan Christopherson of Cornell University, and releases the following statement.
“The Preliminary Findings on the Economic Consequences of Natural Gas Extraction in the Marcellus Shale study seriously undercuts the claims of the gas drilling industry that Marcellus Shale drilling will be an economic benefit to most communities in our state. While some people will benefit financially, the study, so far, indicates that we are likely to see, instead, both a loss in population and smaller overall increases in personal income as a result of this heavy industrial activity,” said Lifton.
“While there may be a short-lived boom that benefits a limited few, experience in other states shows that other sectors of the economy are crowded out and the economy as a whole is seriously damaged over the longer term. In New York State those sectors, agriculture, tourism, hunting, fishing, outdoor recreation, and possibly even higher education would feel the devastating impact. The state needs to consider very seriously the implications of this study.”