You know the meeting is packed when the fire marshal gives emergency exit tips, just in case. Such was apparently the case recently, when the Flower Mound Oil and Gas Board of Appeals met to discuss one
company's petition to begin drilling. According to the Flower Mound Leader (click here to read its story on the hearing), more than 100 residents showed up for the meeting.
"We're not against gas drilling," Becky Belcher, president of Flower Mound Citizens Against Urban Drilling, told the board, according to the Leader."We would be hypocritical if we were. We just don't want it done in a high-density area."
The board decided to take the issue up again at its Aprtl 9 meeting, the Leader said.
Click here to read Flower Mound Citizens Against Urban Drilling's blog.
Click here to read the Town of Flower Mound's gas drilling ordinance.
-- Scott Nishimura
(Image: Jupiter Images)


VangeIV -There is an element of truth in evyrnthieg you say, but you seem to end up with a somewhat distorted picture in the totality.Economics gives us a nice tool to think about what has happened to the domestic gas market. It's called a "supply curve".The application horizontal drilling/fracking to the shale plays has added a very long plateau to the gas supply curve in the $5 or 6 per mcf price range.Does this mean sweetness and light always and everywhere? No, but it's better than not having this large increment of available supply at all.Without this huge new increment of potential supply we know a few things would happen. We know gas prices would be higher because we would be relying on more expensive sources of gas at the margin, and total quantity of gas produced would be lower (increasing the quantity demanded and cost of substitute energy sources.)So, while this may not be the energy panacaea, it is certainly a very significant development that is already paying large dividends to the US energy consumer and will continue to do so for decades to come.
Posted by: Enden | July 17, 2012 at 01:16 PM