6 07 2014

T&T   JULY 5

The metaphor is the shale gas message
To The Editor:
In his column (New Brunswick must properly focus natural gas debate, June 27)
Alec Bruce suggests that shale gas will“get us out of our economic predicament.”
Well, let’s look at recent history.
From the 40 or so wells Corridor Resources operates in Penobosquis, royalties paid were $2 million in 2009, $606,000 in 2010, $679,000 thousand in 2011, $58,000 in 2012 and $740,000 in 2013.
These numbers are from Corridor annual reports.
That hardly pays for road repairs required as a result of truck traffic.
According to the Canadian Association of Petroleum Producers (CAPP), Corridor’s Penobsquis operations provides eight permanent jobs.
That’s not much economic benefit from this industry.
Trading our drinking water for a few dollars from shale gas development reminds me of the tale of Jack, who traded the family cow for a handful of magic beans.
Shale gas is a worse deal for New Brunswick than Jack’s trade, for although Jack got the goose that laid golden eggs, our reward is more likely to be permanently polluted water.
Maybe, Mr. Bruce, wind or solar, impractical and annoying in your opinion, might be better long term choices.
Rick Roth
Sussex
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