28 Sep '12, 5pm

Fracking Suspense Cuts Into Second-Home Sales

Niko J. Kallianiotis for The New York Times Signs supporting and opposing fracking at an intersection in Deposit, N.Y. As I report in the real estate section of The Times, many would-be buyers are deferring purchases of second homes in upstate New York out of concern that hydraulic fracturing might be allowed nearby. For now, no one knows whether Gov. Andrew M. Cuomo’s administration will allow this controversial natural gas drilling process to go forward. So far, officials in the Cuomo administration have indicated that the drilling might initially be limited to five New York counties above the Pennsylvania state line where the formation known as the Marcellus Shale is thought to be the most productive. But gas industry officials have cautioned that the extent of the gas deposits will be unknown until they start to drill. The Marcellus Shale spans more than two dozen New ...

Full article: http://green.blogs.nytimes.com/2012/09/28/fracking-suspen...

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