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View Diary: Should New York State Require Frackers to Buy Watershed Insurance? (78 comments)

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  •  Well intentioned but naive (1+ / 0-)
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    rexxnyc

    It's flat out illegal to pollute or risk polluting water. So the problem here is that frackers finagled an exemption long ago from federal regulations. No free market solution can compensate for that massive an act of corruption and the shift of private liability to the public.

    Next, the numbers would never work - paying for replacement water for a community forever means infinity dollars. Watershed insurers will balk, just as property insurers near well sites are increasingly balking on common homeowners policies.

    Finally, fracking is at its most basic a suicidal, generational pyramid scheme. Once drilled, the wells are there forever, waiting for the concrete linings that separate strata to erode, corrode, crumble and crack. One in twenty of these linings, over a mile long on average, are compromised from day one. So it's only a matter of time, land shift or seismic activity before all are.

    The cost of inspecting and repairing the abandoned, spent wells is also infinite, because they must be monitored in perpetuity. The frackers are looking for a quick buck, forcing gags on landowners who saw contamination, greasing the pols and funding 24/7 propaganda on the airwaves instead of opening their books.

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