This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Northeast Drilling Boom Threatens Forest Wildlife

The energy industry said that it welcomes original research, but that it should be seen in context.

The Geological Survey report, said Patrick Creighton, a spokesman for the Marcellus Shale Coalition, an industry group, found that oil and gas activity affected less than 1 percent of the forest area in Allegheny and Susquehanna counties.

That number may seem small, but experts say it's a cause for concern, nonetheless.

"As an ecologist, you can look at that and say, wow, there are going to be changes," said Terry Slonecker, the researcher who authored the USGS report, noting it's too early to know where fragmentation has gone too far.

There is concern even at the numbers the USGS found, Stutchbury said, noting that without serious reforestation efforts, "we can anticipate really big impacts not just on birds, but all these forest critters."

Creighton, of the drilling coalition, said companies are sensitive to the issue.

"Well sites and pipeline right of ways are temporary construction projects on mostly private land that will be reclaimed after work is complete," he said.

The company KinderMorgan is building a gas pipeline extension in northeastern Pennsylvania that has attracted protests from environmental groups. Spokesman Richard Wheatley said that the company follows the guidance of the Federal Energy Regulatory Commission for all interstate pipeline projects and that other state and federal agencies can be involved, too.

"Once a project is placed in service, companies follow up with additional environmental and safety monitoring/inspection and remediation," Wheatley said in an email.

Heatley, the ecologist, said that "not one" of the energy companies drilling in the area has a long-term restoration plan for sensitive deep-forest environments, and that permits usually require only minimal restoration, such as planting grasses.

Still, the reality is that modern life demands resources and energy, and even the alternatives â¿¿ such as wind turbines â¿¿ can threaten forests, too.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,323.24 -355.46 -2.01%
S&P 500 2,028.49 -28.60 -1.39%
NASDAQ 4,687.1080 -84.6550 -1.77%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs