Drilling can dig into land value

Social, legal and health issues related to air and water toxic pollution in Australia.

Drilling can dig into land value

Postby Dayne » Tue Sep 21, 2010 9:50 am

Hi all,,

In QLD we have lost about 12% of the total value of our land however it seems it could reach 22% with just one gas well.

Denton Record Chronicle

One year to the day after a company set up its drilling rigs on their land in eastern Wise County, Tim and Christine Ruggiero confirmed the depth of their loss.

Originally on the 2010 tax rolls for $257,330, their home and 10-acre horse property are now worth $75,240.

http://www.dentonrc.com/sharedcontent/d ... e9a00.html

It's time to fight the CSG industry harder then ever in the Hunter.
Dayne
 
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Re: Drilling can dig into land value

Postby HVPA_research » Fri Sep 24, 2010 7:47 am

This is an excellent, article Dayne. Very scary! In fact the effect of gas mining on property values are so horrifying that many peole prefer not to think about it - heads in the sand.

If we combine this with the health effects:
It took the couple about 30 minutes to present all the significant events — from the day crews moved in without proper agreements to the recent installation of a “thermal oxidizer,” which continuously burns emissions — leading up to their 10-year-old daughter’s health problems.
The couple’s daughter has been having breathing difficulties for several months. After her latest trip to the emergency room, she was diagnosed with asthma, the couple testified. A neighbor’s child also had recently been diagnosed with asthma.

we may wonder how the ordinary Texans got into that stage. The answer is simple: they trusted the gas companies and government authorities in the same way as many people here do.
HVPA_research
 
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