This Day On The Street
Continue to site
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

Gas-storage Plans In NY's Finger Lakes Draw Outcry

By MARY ESCH

ALBANY, N.Y. (AP) â¿¿ The Finger Lakes region of upstate New York, frequented by tourists for its vistas, recreation and vineyards, is dotted with caverns left behind a century ago when the area was a major salt-producing region. Now, an energy company is eyeing those caves as ideal spaces for storing natural gas, upsetting opponents who are trying to prevent a resurgence of industry to what they call an environmental gem.

The plans call for six new rail spurs to handle 24 propane tanker cars every 12 hours. A round-the-clock cycle of trains and tanker trucks seven days a week would bring propane in and out of the facility. Four 700-horsepower compressors would be built, and two open brine ponds would be placed on a hillside above Seneca Lake.

Opponents say the industrial site and related heavy traffic will harm the wine and tourism industries that flourish around the Finger Lakes, a necklace of fjord-like lakes south of Rochester. An accident at the brine ponds could pollute Seneca Lake, which supplies drinking water to 100,000 people.

The critics also fear accidents like the gas explosion and fire that burned for six days at a salt storage facility in Moss Bluff, Texas, in 2004, or the massive sinkhole over a collapsed salt-dome gas-storage site in Louisiana in August that forced the evacuation of 350 people.

"Protecting our kids, making sure they have a future: It seems to be a basic part of our job description," biologist Sandra Steingraber wrote in a blog post from the jail she was sent to last month for blocking access to the salt cavern. She and two others chose to go behind bars for a week rather than pay a fine of $375.

She likened civil disobedience against the fossil fuel industry to the anti-slavery and women's suffrage movements and often mentions her two children as the inspiration for her environmental activism. She implored other mothers to join her.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,114.67 -260.09 -1.59%
S&P 500 1,925.45 -25.68 -1.32%
NASDAQ 4,693.1670 -40.33 -0.85%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs