Category: Energy, Think Tank

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5 Responses to “Production of Natural Gas From Shale in Local Economies: A Resource Blessing or Curse?”

  1. pielou says:

    Are these states economically acting like emerging market, energy related, inside US?

  2. chartist says:

    If you own land with mineral rights its a blessing and if you don’t it can be a curse….I own 170 acres in southwest PA. The interesting thing was Chevron let their option, which they paid for, expire with nothing done. I don’t know if it’s an infrastructure thing or what but if some of the exploratory wells get drilled and produce good results, I expect Chevron to coming knocking.

  3. TheTruth says:

    According to industry data, 5% of all fracked wells leak methane within their first year of operation and 50% leak within the first 15 years of operation. The leaks are never fixed. Methane escapes forever.
    Methane is 20 times worse for climate change than CO2.
    Benzene, commonly found in leaking wells and uninspected local gathering lines, is a carcinogen.
    Natural gas has been confirmed to contaminate well water (and the aquifers it comes from) in Texas, Pennsylvania, and Wyoming. Methane gas may occur naturally in the ground at low concentrations in some locations, but not at concentrations that cause well water to burn.
    Texas now has about 93,000 natural-gas wells, up from around 58,000 12 years ago. A hospital system in six counties with some of the heaviest drilling said that in 2010 it found a 25 percent asthma rate for young children, more than three times the state rate of about 7 percent.
    Azel, Tx has had 36 earthquakes since November clearly associated with the disposal of spent fracking fluid into abandoned wells. Many of these are extremely close to the earthen Eagle Mountain Lake Dam, which would devastate Ft Worth and Arlington if it ruptures.
    In situation after situation, federal and state government officials, closely tied to industry through campaign contributions, refuse to consider any regulation to protect land, water, air, or humanity.
    This is a social outrage that will eventually come home to roost, but the question is “at what cost.”

  4. DeDude says:

    So you get an increase in labor cost and a much bigger increase in consumption power (from all that outside money flowing into the region). The businesses that would lose in that scenario are those who produce their products and services locally but compete with sellers from outside the local area. Any local business that only compete with other local businesses can simply increase its cost to compensate for increased wage cost and then sit back and enjoy that its costumers have a lot more money. The local/local businesses are almost always a much larger part of the economy, so it is hard to imagine a situation where the net effect would not be positive.