Thursday, October 6, 2011

T.Boone Pickens

It’s Time for New York to Listen to T. Boone Pickens- Four Members of the Steuben County Land Owner Coalition attended on September 30th, an event at Williamsport PA. Community Arts Center, the topic was- Powering Our Future: A Conversation with T. Boone Pickens. One very insightful comment Mr. Pickens articulated was that drilling and hydraulic fracturing in oil and gas shale plays in Pennsylvania, Ohio, West Virginia, North Dakota, Montana, Arkansas, Mississippi, Louisiana, Texas, Oklahoma ,Alaska, Michigan, Colorado, Kansas, Wyoming, Utah, California, Alabama, New Mexico, Illinois, Indiana, Iowa and thirty-two other countries will provide cheap energy that will foster a second industrial revolution! This will create millions of private sector jobs in our country. It was a little uncomfortable listening to this being from New York which is sitting on top of the largest gas and oil shale play in the world and not participating in helping our country to be come energy independent. This will help create a second industrial revolution with inexpensive energy to power our transportation vehicles, industry, manufacturing, agriculture and to lower every citizen’s utility cost. Ithaca NY and Williamsport PA are similar communities in size with populations of 30,000 each with per capita income of $19,000, both have heavy student populations. Ithaca is a city with cumulative wealth but Williamsport is a community aspiring to the American dream. Williamsport is achieving this dream. Williamsport’s GDP grew by 8% in 2010, ranking it 7th in the nation of the 366 Metro areas . Ithaca gained only 1% and it is ranked 252 in the nation. Four years ago, Williamsport was facing a bleak future being a member of the rust belt. At that time Ithaca’s economy was $169 million larger than Williamsport’s economy. In 2010 Williamsport economy had a $43 million advantage over Ithaca NY due to the natural gas companies and those companies that service them. T.Boone Pickens stated that this gas play in Pennsylvania will last from 50 to 100 years. It is time for Ithaca New York to listen to T Boone Pickens not Tony Ingraffea. Neil Vitale- Steuben County Land Owners Coalition

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