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A hydro-fracking tower. (Photo: The Innovation Trail.)
A hydro-fracking tower. (Photo: The Innovation Trail.)

Financial expert criticizes economics of shale gas exploration

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Drilling companies have been criticizing New York for delaying permits to drill for gas in the state's underground shale formations. The Department of Environmental Conservation says it is still considering regulations, and might not issue permits until 2013.

Deborah Rogers is glad New York is asking questions before allowing this type of drilling. Rogers has become a leading critic of the economics of shale gas exploration. She's an advisor to the Federal Reserve Bank of Dallas, Texas. Rogers spoke Tuesday night at Clarkson University, and earlier in the day with Julie Grant.

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Julie Grant
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