Lew Leone is the vice president and general manager of WNYW-FOX 5. He is taking to the airwaves with his thoughts on current affairs. It's called "Lew's View." The views expressed are not necessarily those of the station or its employees.
The Kentucky Derby will be held Saturday and a horse called Frac Daddy owned by two energy big-wigs will go off at 30-1 odds.
There is a better chance that longshot Frac Daddy will win the derby than New York Gov. Andrew Cuomo will ever make a decision on whether or not to allow fracking in his state.
Fracking, which extracts oil and natural gas from the ground, has been done for many years all over the world. Many U.S. states such as Pennsylvania have embraced the industry and it has proven to be a tremendous economic success.
There are detractors who worry about safety and possible contamination of the environment.
Governor Cuomo has been promising to make a decision and he has basically agreed to allow fracking if studies and reports demonstrate that it can be done safely.
The problem is that Cuomo continues to order more studies and more reports. The endless delays are not fair for many reasons. Upstate New York is a veritable wasteland of economic development and fracking done safely could rescue many communities.
Energy companies who want to invest in New York have become frustrated and are looking elsewhere.
For political reasons the governor is hesitant to take the reins and allow fracking, even if all of the studies and reports prove that it can be done safely because it is not popular with liberals and he needs their support in order to attain his dream job of president of the united states.
I'm going to take my money and lay it down on Frac Daddy to win, place or show because it is a sure bet that New York State will be a no-show in the fracking business as the governor makes plans for his own run for the roses.
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