Thursday, November 12, 2009

Make Haynesville Shale a Win-Win Proposition

The editors of the Shreveport Times echoed my sentiments from a couple of days ago by stating that the development of the Haynesville Shale shouldn't be a "win-lose proposition."  Quoting the editorial:
"The Haynesville Shale doesn't have to be a win-lose proposition. There is an appropriate balance between helping develop this industry and the reasonable cost of doing business. Pulling natural gas from the ground will enrich many people, but it shouldn't come at the expense of the land and people by sacrificing the region's environment."
Gas and oil has been produced from north Louisiana and east Texas for the past century and production likely will continue for generations to come.  It is paramount that we do not squander this opportunity by short-sighted thinking on all sides.  Louisiana has a long and inglorious history of failures where it comes to our energy resources.  Outside of the state's excellent conservation laws, there is not much positive to point to with bad royalty deals, cronyism, sliced and diced wetlands and lax environmental oversight. 

Let's balance our current needs and (justifiable) lust for immediate dollars with the necessary protections to our infrastructure, natural environment and future earning potential.  Decisions made today will impact our lives for generations to come.  Visionary long-term thinking is required to chart a new course for the future.

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