Here's the deal about the impact of Hydraulic Fracturing. I work for a major bank. One that, for a large part, most property owners in this area and northeastern Ohio go through.
The financial industry is already taking measures against fracking - but only to protect their interests.
Within the last 3 months, we have been issued new internal national guidelines on lending specifically because of the issues fracking has caused in other states where banks have lost considerable money, most notably Dish, Texas where fracking has basically killed the town by destroying its water table due to the chemicals used that leaked uncontrolled from the drill sites that made the same enviro-safety claims as Chesapeake is doing now.
If your residence or property is within a radius of 16000 feet of a Hydraulic Fracturing site (that's over 3 miles - not the paltry 3,000 foot/less than 1 mile radius by Chesapeake) ... we have been advised that these properties are no longer considered eligible for loans. Any loans.
These properties are considered 'Brownfields' ... basically sites designated as contaminated or high probability contamination sites which resale or redevelopment is nearly impossible because of their uncertain liability and the inability of any cleanup. Banks consider these properties high risk with little value.
A few people will make some quick cash from this, but the long term consequences are detrimental to anyone owning property in that 3 mile radius and beyond. Consider this, I guess, fair warning from the financial sector. There's a good chance Congress Lake residents will be left holding the bag paying taxes on worthless property that, if the banks have their way, cannot be sold.
Marcellus Protest http://www.marcellusprotest.org
CantonRep.com staff report from Indeonline.com