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« The Upper End Bargain Business | Main | Why Houses Aren't Appraising »

October 06, 2009

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This, of course, is the "pro" side for gas drilling. The county, and of course the state, are in dire need of a cash infusion. Those projected deficit #'s for the state are pretty staggering. Skip drilling in western SUCO, I think Monticello would be a good spot for gas drilling. You could start in the old Apollo Mall parking lot. Another good site for a derrick would be the Monti Racetrack after it folds. I'd recommend the old Concord site, but it's too close to Kiamesha Lake.

http://sc-democrat.com/news/010October/06/news3.htm

I had been thinking they should take drinking water samples for reference prior to drilling, encouraging to see that base is covered in the River Reporter article. Also good to see they will have to release the fracking fluid recipe, hopefully this will be to general public and not just gov officials.

An interesting acronym Keith.

We have:

TriBeCa
SoHo
LoEa
DumBo
MoMA

And, thanks to you, now we have...

SuCo.


Kind regards,
Lady Day.

I see NYC is starting to make some noise.

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20091008/NEWS/910080324/-1/COMM04

Interesting history that the farmers in the valleys in Grahamsville and Neversink understandably resented NYC exercising eminent domain to evict the farmers and flood the two valleys to create those reservoirs. However, after the erosion of the farm and hotel industries, Grahamsville and Neversink are still nice towns with good services and a good school system, a big reason for this is the tax revenue from NYC. NYC DEP also provides police functions for the towns. Now NYC may be able to block drilling, 9 million people have a lot of clout (that's half of the NY state voters!!!). I wonder if this drilling thing will be become another endless issue like gambling, an issue that will never come to fruition, but will never go away either.

Hmmmm.... Be interesting seeing just how much inertia this is going to have, people are starting to smell money.

http://www.nytimes.com/2009/10/10/business/energy-environment/10gas.html?hp

Natural gas is always going to be challenged by one basic fact, especially with new ways to reach deeper sources - there's too much of it in the ground all around the world, and it will always keep prices low and speculation risky.

This is great concern that NYC, after buying up much land in the watershed, will seek tax reductions.

Interesting article on housing prices in Sunday Times -

http://www.nytimes.com/2009/10/11/business/economy/11view.html?ref=business

Belly up boys!

Today at:

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20091011/BIZ/910110327
=====

Accused Ponzi schemer bought real estate near Sullivan lake

Lake Joseph was site of many Barry deals


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Philip Barry, an alleged Ponzi schemer from Brooklyn, is accused of using investor money to buy thousands of acres of land in Sullivan County. Ground zero is Lake Joseph, where he bought the undeveloped side of the lake.

Times Herald-Record

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By Michael Levensohn
Times Herald-Record
Posted: October 11, 2009 - 2:00 AM
Like countless other kids from the city, Philip Barry spent his summers in Sullivan County. He went to summer camp at Lake Joseph,...{continues)

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Dear David- would you please post this commentary on the DEC comments to the SGEIS? Thank you- MGG

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