NEW SOLUTIONS, Vol. 23(1) 85-101, 2013: JANNETTE M. BARTH
(Click here for entire report) THE ECONOMIC IMPACT OF SHALE GAS DEVELOPMENT ON STATE AND LOCAL ECONOMIES: BENEFITS, COSTS, AND UNCERTAINTIES
It is often assumed that natural gas exploration and development in the
Marcellus Shale will bring great economic prosperity to state and local
economies. Policymakers need accurate economic information on which to
base decisions regarding permitting and regulation of shale gas extraction.
This paper provides a summary review of research findings on the economic
impacts of extractive industries, with an emphasis on peer-reviewed studies.
The conclusions from the studies are varied and imply that further research,
on a case-by-case basis, is necessary before definitive conclusions can
be made regarding both short- and long-term implications for state and
Keywords: economic impact; shale gas development; extractive industries; hydrauli
Posted on February 25, 2013 at 6:52 am by Bloomberg in Chesapeake, Deals, Natural Gas, Oil
China Petrochemical Corp., the nation’s second-largest energy company, will pay $1.02 billion to buy 50 percent of Chesapeake Energy Corp. (CHK)’s Mississippi Lime assets, seeking to benefit from surging U.S. crude output. Continue reading
Protesters linked arms on Sept. 6 to ensure no traffic could get in or out of the Inergy Midstream property in the Town of Reading, Schuyler County. / FILE PHOTO
Last week, the fight against plans to create a massive underground liquid petroleum gas storage facility in the Town of Reading, Schuyler County, took a great leap forward. Continue reading
Ingraffea/Engelder Debate, Dundee NY: 01/2013: Should New York State and/or Starkey Township Allow High Volume Shale Gas Extraction?
A debate sponsored by the Town of Starkey held January 23, 2013 at the high school auditorium in Dundee, NY between Dr. Terry Engelder, Penn State University, who supports the proposition, and Dr. Anthony Ingraffea, Cornell University, who opposes. Jack Ossant, moderator, introduces debaters
“The value of this science could increment the net worth of U.S. energy
resources by a trillion dollars, plus or minus billions.” —Dr. Engelder
“They are imposing on us the requirement to locate our homes,
hospitals and schools inside their industrial space.” —Dr. Ingraffea
Those unfamiliar or familiar with hydrofracking’s offerings, in favor of or not, or still undecided, should gain new perspectives from this event.