tag:blogger.com,1999:blog-2993321373300794743.post5209391796541582248..comments2023-10-04T09:04:40.798-04:00Comments on The Marcellus Effect: What... no "Fracking Insurance"?Sue Heavenrichhttp://www.blogger.com/profile/00550259613381458435noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2993321373300794743.post-38315543129350941512012-07-21T23:22:59.526-04:002012-07-21T23:22:59.526-04:00Gee, I can't imagine that the landsmen and The...Gee, I can't imagine that the landsmen and The Industry wouldn't tell the people who were about to sign a lease that this was going to be a problem with their homeowner's insurance. They must have forgotten that detail.<br /><br /> The other day on the Susan Arbetter program, the New York Farm Bureau spokesperson stated that The Gas Industry could maybe pick up with insuring these people who lost their home insurance. What a joke. The Gas Industry itself is Under Insured and has no problem with this. Also, it seems evident that The Gas Industry will establish LLCs, individual corporations for gas wells, which will be asset poor so that when they are sued for their leaky failures, they will be with empty pockets, and no cash to be found.<br /><br /> "Sue us if you wish, we ain't got no bucks."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2993321373300794743.post-88921211676909474792012-07-16T08:00:03.194-04:002012-07-16T08:00:03.194-04:00kinda like wanting to have your cake and eat it to...kinda like wanting to have your cake and eat it too...Sue Heavenrichhttps://www.blogger.com/profile/00550259613381458435noreply@blogger.comtag:blogger.com,1999:blog-2993321373300794743.post-90774015603845520492012-07-15T21:19:19.529-04:002012-07-15T21:19:19.529-04:00So is the new conclusion that it is risky to lease...So is the new conclusion that it is risky to lease your land for fracking and still hope to farm it?s_rapphttps://www.blogger.com/profile/08098200329170471009noreply@blogger.comtag:blogger.com,1999:blog-2993321373300794743.post-4061748546118386502012-07-15T10:40:44.024-04:002012-07-15T10:40:44.024-04:00This insurance industry retreat makes fairly clear...This insurance industry retreat makes fairly clear that in fact the risks of hydro-fracking are not "very low".Pragmatic Mystichttps://www.blogger.com/profile/01906829096900442890noreply@blogger.comtag:blogger.com,1999:blog-2993321373300794743.post-7314397866606822802012-07-14T18:21:32.743-04:002012-07-14T18:21:32.743-04:00Let's see if I got this right - NYFB is pro-fr...Let's see if I got this right - NYFB is pro-fracking, ie pro-drilling, as long as the quality of the land and water are preserved, yet they recognize that drilling is a high risk activity to both land and water. Their insurance partner Nationwide recognizes the risk and will no longer insure farmers against risks associated with fracking. So when will NYFB recognize the risks and change their pro-drilling stance?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2993321373300794743.post-10649489907244419272012-07-14T17:57:18.419-04:002012-07-14T17:57:18.419-04:00good-- maybe, the farmers can compute that gas dri...good-- maybe, the farmers can compute that gas drilling is risky and not insurable....then why allow it !! Is both drilling and fracking not insurable ?Verahttps://www.blogger.com/profile/18004004772420388834noreply@blogger.com