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Thursday, March 31, 2016

Report Says Bernie Sanders' Plan on Fracking Could Cost States Nearly $850 Billion

From Rigzone:
Clinton has been clutching the coattails of the Obama Administration mightily since announcing her candidacy. Although the industry and many in Republican circles are quick to discount their policies, it’s hard to argue they haven’t given some thought to their position and its ramifications. 
But the senator from Vermont? Not so much. 
It’s easy to give a pithy, crowd-pleasing response when you refuse to delve into the details. But similar to Sen. Sanders’ other grandiose plans – each lacking a crucial component of ‘Where’s the money?’ –telling those governors in oil-producing states not to depend on fracking comes with a cost. 
According to the National Conference of State Legislatures, the cost could be around $846 billion – the total state tax collections during the heyday of the energy renaissance in 2013. Oil-and-gas producing states depend on that cash for things like public schools, criminal justice and health care.
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