EEG 4.76% 22.0¢ empire energy group limited

It's amazing that nobody posted the following from yesterday:An...

  1. 116 Posts.
    It's amazing that nobody posted the following from yesterday:

    An article in yesterday’s Wall Street Journal focuses on an issue MDN has covered for some time: how the fight over hydraulic fracturing in New York State has “gone local,” meaning it’s largely going to be decided town by town throughout the state.

    or

    On June 13, the New York Times printed a story that Gov. Cuomo is considering a plan that will allow a limited experiment of fracking in the state (see this MDN story). The plan would grant an initial 50 or so permits for drilling, and those permits would only be granted in five counties: Broome, Chemung, Chenango, Steuben and Tioga. At the time everyone believed the “leak” of this plan came from either the governor himself or someone in his office as a trial balloon, to see how the public would react (and to see how freaked out his left-wing fringe base would become).

    The Times story had the effect of focusing everyone on those five counties, and according to MDN’s source, that’s precisely the wrong focus. Our source said, “It’s not about the counties, and it never was.” Why not? Because it’s “always been about the individual towns.”

    Both Cuomo and NYS Dept. of Environmental Conservation (DEC) Commissioner Joe Martens have said for months now that only communities (towns) that want fracking will get it. MDN’s source said the Times story, which has never been confirmed by Cuomo or Martens, has had the effect of creating a rift among landowners and landowner groups. Some believe they won’t see drilling for two years or more because they’re not in one of what MDN has called “The Lucky Five” counties, and so they feel abandoned by the pro-drilling movement.

    MDN asked the question: You mean towns outside of The Lucky Five who have voted to support (or at least allow) drilling may get permits? “Yes”

    We might get a mighty big surprise!!!

 
watchlist Created with Sketch. Add EEG (ASX) to my watchlist
(20min delay)
Last
22.0¢
Change
0.010(4.76%)
Mkt cap ! $223.7M
Open High Low Value Volume
21.5¢ 22.0¢ 21.0¢ $147.2K 690.6K

Buyers (Bids)

No. Vol. Price($)
3 157619 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 56052 2
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
EEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.