Palone's Comments, Comments on Energy Issues and other issues of interest.
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Here is a state that is wallowing in debt and revenue shortfalls, that can't see fit to accept an Oil and Gas proposal that is supported by the local environmental zealots. The deal would of given the state an immediate influx of $100,000,000 and a continuing inflow over an anticipated thirteen year lifespan of up to $2,300,000,000. The assembly voted out this little tidbit when they approved the emergency budget package.
It just goes to prove that one does not have to have any sense to become a politician. The deal wouldn't of solved their problems, but it would of eased some of the pain. It also could of demonstrated that oil and gas could be produced from the coastal waters in an environmentally friendly way. Once again, the elected employees have dealt from the bottom of the deck to their employers, causing them to lose.