Fracking’s Potential Multi-Billion Dollar Price Tag for New York City
New York, N.Y.—Amid a media onslaught touting the economic benefits of gas from shale, this panel will inspect the numbers behind the hype. Experts will examine both macro and micro economic factors– from price, supply and plans to export, to net impacts on local drilling communities—as well as the hefty price tag that drilling could have for New York City.
- Deborah Rogers, financial analyst, featured in The New York Times and the recent Rolling Stone article “The Big Fracking Bubble”
- Jannette Barth, PhD., economist, principal of J.M. Barth & Associates
- Al Appleton, former Commissioner, New York City Department of Environmental Protection
WHAT: FRACKONOMICS: Debunking the Financial Myths of Shale Gas and Embracing a Green Energy Future
WHERE: The New York Society for Ethical Culture, 2 West 64th St. at Central Park West, Manhattan
WHEN: Tuesday, April 24th at 6:45 pm
The event is co-sponsored by United for Action and New York Society for Ethical Culture along with 22 other organizations.
WHY: American taxpayers face the prospect of yet another Wall Street bubble and bailout. The gas industry overstates jobs and other benefits and understates costs and risks of drilling. New York City will have significant financial risks if drilling occurs in the state.
When it comes to fracking, industry’s numbers don’t add up. The public needs to see through the spin and hold onto their wallets as well as their health and environment.