I’m sympathetic to Wintercow’s concerns about banning fracking: among other things, a hardline approach to natural gas will forego the benefits of substituting for coal (which burns far dirtier). At the same time, some of the cautions introduced in NY’s legislation seem reasonable–particularly the minimum aquifer proximity requirements. Innovative fracking is a great technology, but I’m sympathetic to keeping it away from drinking water. It’s yet another classic question of how to treat “fat-tailed risks” in environmental policy. The empirical questions about fracking safety will sort themselves out in the coming years; as more experience accumulates, we’ll have a better basis for evaluating how fat the tails really are. How often and in what geologies do radon-laced frackwater emissions occur? It’s probably worth avoiding major aquifers until we’re confident–and when we do know, we have to judge frackwater risks against the similarly dangerous coal mine effluence and the favorable emissions balance of natural gas at the point of combustion.
We should replace those “NO FRACK” signs with “Frack in an iteratively cautious fashion, being mindful both of tail risks and the favorable tradeoffs against other energy inputs”.
I think you make perfect sense. But I also think that most of those claiming to be cautious on the issue are really just ‘fracktivists’ dead-set against it and are not waiting to learn more information.
Alex, with not bothering Mike, who has plenty to do, would you kindly work on a problem?
Thank you all for eliminating the wordpress editor that caused so many problems. However, my simple phone is blocked as spam by wordpress. I cannot access theunbrokenwindow.com from my phone. As you can see, I can get to the site on my desktop computer.
I did email WordPress, telling them of their stupid editor, but in more graceful terms, but I may have angered a couple of big-shot developers — who knows?
In any event, I am currently blocked as spam whenever I try to get to Rizzo’s site from my phone. As you might appreciate, I do not want to publish my banned IP address here. It may take some time for Rizzo to return from the Adirondacs before he gives you my email, so I can send you my banned IP addy. I hate to bother him with this, since I do not want to be banned as one of his bestselling book editors.
Surely you, Alex, can dispatch your nerd friends at Rochester — we are all Hayek and Bastiat nerds.
Thanks for any help you might muster, Alex.
Regarding fracking, Alex, I reunited with a kid [!] who used to help me with the lawn and did general farm maintenance for me in the underground economy. He is now the Director of Economic Development for greater Syracuse. I have not yet sent him links to theunbrokenwindow.com, or Coyote, but I will. I think this kid just turned thirty.