The citizens of Youngstown MUST seize control of Youngstown's new wealth before it is squandered by the entitled ruling class. Before Christmas, when the second Texas size rig in Ohio hit oil in Lake Milton, the starting price per acre (signing bonus) was $1500. Last week the standing offer rose to $2000, it is expected by the experts to rise much more. The City of Youngstown's landbank which sat dormant for 40 years, is now a gold mine literally. As an example, 100 acres on Oak street (eastside), in 90 days can generate $200,000, when the oil is tapped based on economies of scale the royalties per month at the minimum will be "$80,000 per month for 30 years." This folks is what you call passive income. Now factor all the acreage held by the City Landbank and Youngstown has potential to become a powerhouse again.
But here is the kicker, we in YTown are so stupid we are going to give the largest landbank in Mahoning county to an entity with insignificant track record and deeply entrenched in politics. If we citizens of Youngstown REALLY want Youngstown to prosper we need to place all lands in an entity that can handle the management of this new found wealth. As we speak the private sector is gobbling up land and closing ranks to cooperate with the large energy companies in town. The public sector has a significant amount of land that must be assembled and managed correctly or we will miss the boat. If we really want to defend Youngstown, we must act now.
FRACKING IS BAD FOR OUR ENVIRONMENT.
George says:
The only way I and most astute Americans will believe Anti-drilling people is if they lead by example. We will capitulate when we see them ride bikes permanently and heat their homes with Cow Dung. Otherwise they are just all "flash" and no "Cash" hypocrites.
And the other problem we have about these communist is that they would rather we bow down, kiss their %$%, and send our money to the oil states who kill us.
FRACKING IS STILL BAD FOR OUR ENVIRONMENT, RON!
Come on Dennis, we are patiently waiting for YOUR technical explanation here.
The type of drilling used on the Marcellus Shale formation involves fracking: pumping a mixture of sand, water, and chemical additives under high pressure into the shale to fracture or break up the shale so as to release a greater flow of natural gas.
Fracking even a single natural gas well consumes millions of gallons of water, which can be a significant burden on local water tables.
As things currently stand, frackers are exempted from having to comply with the Clean Water Act. This means they can legally poison the water. By hiding behind a claim the chemicals are proprietary knowledge they are not even required to inform the public of the chemicals that they are pumping into the ground, which can include methanol, diesel, anhydrous ammonia, ethylene glycol, toluene, xylene, various other complex hydrocarbons, some of which are proven carcinogens, hydrogen sulfide (aka hydrosulfuric acid), other industrial acids, arsenic, and possibly even radioactive barium!
Each well produces millions of gallons of industrial wastewater that require cleaning.
While the drilling is occurring, each well typically stores their fracking water in a pit near the drilling pad. If these pits overflow or leak they contaminate local water supplies and cause environmental damage.
Worse yet, each well typically leaves 20-25% of the toxic fracking water (i.e. over a million gallons per well) in the ground. That in-ground pollution has the potential to poison aquifers that provide local drinking water. Residents of Ridgway, PA, found their spring water supply poisoned by local drillers. The water was unfit even to shower in, as it burned and interfered with breathing.
Produce the qualified source Dennis. Until then refrain from crapping in your toilet and flatulating methane gas.
Nice comeback, Shrimp.....now who is acting like a child and resulting to "gas" jokes......
Shrimp, yes or no question.....do you believe fracking is 100 percent safe and causes NO harm to the environment?
Dennis, Fracking as with Sewer treatment are bad to a degree for the environment. So your argument is to stop all fracking and sewer treatment, correct?
answer the question, Shrimp...simple as that......
you won't, because YOU know the truth.....
Please refer to "Fracking and Crapping"
Interesting how the communist strategy is to divert from the truth and reality, but let us get back on the important issues here.
I was just informed that one land owner in the area just rec'd $2200 per acre for the signing bonus, so the price is still going up. So far we have not heard a peep from the City on the peoples gold mine, "The Landbank." I do not think they have a clue and we know they have been giving the minerals away to the older gas companies for nothing. Are we to sit her and watch our community land be handed over without the proper compensation?
Don't let neo-con Fascist Shrimp breeders sell you a pig in the poke.....
Fracking is dangerous to the environment.....
Talked to BoCor yesterday about two lots on Salt Springs next to their well, interesting, they told me that the Utica shale under Mahoning county and eastern Ohio has more oil than the country needs. I know it is in the best interest for the oil companies to keep all info. to themselves, but what bothers me is with all the self aggrandizement the City has thrown upon themselves with V&M Star investing $650 Million making gas and oil pipe, why are they not leading us and taking charge in coordinating this new found wealth in the Valley?
The sky is falling! The sky is falling! The earth is fracking! The earth is fracking!
I don't know much at all about ANYTHING and very little about fracking - I did go to the Liberty "thing" on fracking and the professor from YSU seems to think it is OK to frack (if that is a correct term ?) the only thing I can say about it - to give you my "most stupid" thought and conclusion is this - WHY don't YOU PEOPLE that think fracking is OK go down to the Mahoning River and use it as drinking water in your home for you and your family ???? I KNOW that may not make sense (may be cents to you) but I am asking for your most intellectual reply and stupid me will try to make sense (or cents ) of it. THANK YOU in advance for humouring little ole me :-*
PS - Hay Rick how much are your eggs ?
Maybe the city could use some of the money from the oil wells (tax revenues?)
to start cleaning UP the Mahoning river, when the time comes ?!?!
lol
:)
Allan,
I am not laughing :), you and many others in this community organizing forum are beginning to get it. Yes, the revenue from the royalties must be used intelligently and cleaning up the Mahoning river into what many of us posted about (recreation) can and should be done with this new found wealth. You may have read on the Vindy that a neighbor of the 340 acre Ponderosa Park, in bankruptcy blew the whistle that someone stole hugh timber and raped the land. What was not reported is that the neighbors are afraid that the bankrupt owner may sell the mineral rights as well without applying the funds to the creditors. This is what I am afraid of, the City squandering or comingling the mineral rights of Landbank lands to pay for Pork.
The simple truth here is that if we here truly care about Youngstown, we spread the word, we bring it to the attention of the City leaders and govern ourselves accordingly. I know for a fact that the City has been giving some of the mineral rights away several years ago. We need to demand that the City form an Energy committee to manage this new found wealth.
For what it's worth Shrimp, I agree with you for the very simple reason that I trust the city and county governments as far as I could pick up and throw the Mahoning County Courthouse. As far as I'm concerned, they're all a pack of bald faced liers that would think nothing of robbing us blind.
A major letter writting campaign (real letters, not e-mail) should be started to the Vindicator expressing our views in order to set a fire going under them, because that's the only thing that the politicians seem to understand around here.
Make things so hot for city and county government that they wouldn't dare do anything sneeky.
If the MVOC and Phil Kidd can rally the people towards managing this God send, I will support them. Sadly I think they are just organizing to elect socialist to power ala ACORN. We do need some concerted effort here to win here and I think this Forum is the vehicle to do it, we are the only active internet site in the Valley that has some cohesion in our concern for Youngstown, lead on and I will follow. How about our own little protest downtown, I have associates who will pay for the signage.
FRacking is bad for our environment and our property taxes
Quote from: irishbobcat on March 04, 2011, 11:12:19 AM
FRacking is bad for our environment and our property taxes
So are vacant homes with no [tax-paying] owners, declining property values, etc.
I spoke with Danny Yemma about using oil royalties for taxes and demo., he says he is going to consult with the prosecutor's office. I was dumbfounded that he was not aware of all the oil companies activities in Mahoning county.
Not in my backyard......put a fracking well next to your shrimp ponds...then see if people will eat your sea monkey shrimp.....
Is Mahoning County's tax base so sound that we can afford to turn our backs on new sources of revenue?
Think about it for a moment, whether you are liberal or conservative. Just how many companies are looking to locate here?
We can dream all night about our vision for our future, but none of us in this forum have it within our power to bring a single new industry into the county, and in the meantime our situation continues to deteriorate at an alarming rate.
We've nearly reached the bottom, and if it weren't for companies like V&M and Lordstown, we'd be there now.
As it stands, we have no future to hand down to our children locally, and as a consequence they are forced to move out of the district and out of the state.
For my part, I haven't any answers to our problem, nor do I have it within my power to bring about a turn-around, but then I'm not alone.
New revenue that will devalue our property even more and posion our water tables?
I think not towntalk......
why don't you just ask for a nuke plant to be built in the county as well......
While I appreciate your sincere concern for the environment and yes even respect your commitment, the fact remains that you have no more power to bring an environmental industry to the valley than anyone else on this forum.
Any industry that would bring jobs here both in Youngstown and Struthers would we welcomed with open arms ... especially by Boards of Education whether it's in the manufacture of wind turbans or what have you.
This area needs a major shot in the arm job wise, and soon, and it's not coming, and with each passing year the problems our schools and communities are facing trying to provide a quality education is getting worse ... not better.
The notion of taxing the rich in order to make up the shortfall won't even begin to stop the bleeding for there simply are not enough wealthy families left to tax, so trying to drive away whatever opportunities do come our way is like cutting off our noses to spite our faces.
Given the state of Ohio's economy, how can we expect it to come to our rescue?
If the state makes further cuts in education, where will the money come from. The well is going dry.
The only solution we have is to either cut back on education by closing schools and laying off staff ... laying off city workers ... or cutting services.
But not by bringing in money that will eventually lower property values as well as harm our drinking waters for future generations....
The health of our children and grandchildren should come first before fracking the environment....
fracking is bad business in the long run for any area where there are problems with the process....
this scene has played out across the country out west and in nearby PA. and New York.....
Taxing the rich would balance our state budget and provide aid to education faster than tax cuts to the
rich and famous.....
Simple truth folks, no one here as we know of is QUALIFIED to say fracking is or is not environmentally unsound. As of today, drilling is widespread and legal in most jurisdictions in this region. The lawmakers and EPA are the authority here, not Dennis Spisak.
Okay Dennis, you can commence with your name calling since you have no debate here.
Low property values are a good thing. It means that the check i just wrote last week would be smaller.
THe only reason fracking is allowed is because Bush-Cheney and Haliburton pushed through
laws that removed companies from explaning to the EPA and people exactly what toxic chemicals are being used in this process....
and don't take Shrimps word as Gospel....he is a shady land-man who is buying up properties for the dirty gas fracking companies....
listening to him is like letting a fox guard the hen house.....
For all IrishBob's post, please refer and click onto "Fracking and Crapping"
Shrimp is the dirty land man...coming to grab your property for dirt cheap prices....
then, he let's the dirty gas fracking companies destroy your pristine country living with
heavy machines and around the clock drilling noise and toxic chemicals being pumped into
your ground......
Not in my backyard.....
Yeah! Today's Wall Street Journal has Eastern Ohio as the hotest Oil Shale play in the country! God is blessing us, I hope we don't F#$% this second wave of opportunity up. And damn if we should let this new found wealth wind up in the hands of Youngstown's vast entitlement class much less the entitled rulers.
Shrimp
Defund
Governor Kasich in his State of the State speech mentioned building a refinery along the Ohio River. Wow, things are really moving fast in Eastern Ohio, I think prosperity is around the corner.
i found his governor's state speech very vague but his next week's speech should be more enlightening.
No one can go into detail in an hour, but many of us business people can extrapolate from the industries he mentioned. For instance thinking outside of the box in agriculture.....aquaculture which we have been trained to do by OSU. The mention of a refinery is a take off of all the oil leasing in eastern Ohio. You can say it is a signal to the industries he mentioned to begin expansion. I was just ordered to double the amount of shrimp to be grown this year. I still can't believe the entitled ruling class fought me on this, only in YukTown.
Another prediction from months ago, but sadly the City is already grabbing at the mineral rights of land they never paid taxes on and landgrabbed from the people. We the people need to stop them. Please refer to the auditor site and see all the City parcels, they should be given to the people to homestead.
can you give the addresses of these city owned lands?
C'mon Terry, just go to the GIS site of Mahoning and type in Youngstown and you will see thousands of parcels that D'Avignon just sits on doing nothing productive while collecting a salary.
i figure you have the info on hand, you would share the addresses with the forum members. i would that would save time for my frds on this board.
So Frack Free Youngstown wants to stop the wealth that is beginning to pour into Youngstown as I predicted here over a year ago.
FRACKFREEYOUNGSTOWN was stopped in their tracks.