Natural gas drilling is an issue here in Sullivan County, NY-- perhaps a big one. The Marcellus Shale Formation may significantly impact just about everything in our little piece of God's Green Earth. Keeping current is prudent.
Supporters claim economic benefits while enviromentalists predict degradation. Leasing activity has slowed probably based on the slide in natural gas prices over the past nine or so months. Gas firms have, for the moment, packed up--but they may be back when the economy heats up.
The implications for real estate here are considerable. The debate will most likely continue for years to come. Check here from time to time to follow the thread. Here's a link to a brief article discussing one particular aspect of the drilling issue.
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