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Prospects of Shale Gas in New York

Fracking experts came together Friday night to educate the public on what they say fracking would mean to New York State.

Scientists and geologists came together at the ITC campus in Binghamton to talk about how much profitable gas drillers would find beneath the Southern Tier. Not enough according to former Mobil Oil Vice President Lou Allstadt. He says there's not enough shale to offset the environmental dangers of fracking.

"I was in a position, having worked in the industry, to know how the industry looks at things. And to know something about the geology and something about what 's safe and what's not safe. And I pretty quickly got to the point that it's very hard to do this safely. And I think it's almost impossible the way they're going about it," said Lou Allstadt, former Executive VP of Mobil Oil.

Allstadt also says that there's not a significant amount of shale to cause economic development or a drilling boom in the area as previously thought.

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