Welcome to the Finger Lakes! Our theme song:


In a town this size, there's no place to hide
Everywhere you go, you meet someone you know...
In a smokey bar, in the backseat of your car
In your own little house, someone's sure to find you out
What you do and what you think
What you eat and what you drink...

(Kieran Kane)

Sunday, May 8, 2011

NYS pension fund raking in big fracking bucks




Unlikely Hospitalist highlights an interesting anomaly.  While New York's state government appeases its leftist constituents by delaying shale gas production, the state's huge pension fund is betting on fracking.
In all over $1 billion has been invested in more than a dozen energy companies as of March 31, 2010. Included in this is $72 million in Chesapeake Energy Corporation and $145 million in Schlumberger Ltd, a company specializing in hydrofracturing and oilfield services.

It turns out to have been a pretty good investment as the fund has made over $152 million in recent years.
Regardless of lefty puppet Barbara Lifton's party line position, our state government's hunger for cash is insatiable.  Count on fracking to proceed, regardless of the lawn signs.

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