Monday, July 28, 2014

A Strong Argument in Favor Of Fracking…Perhaps

According to Oil & Gas Journal, states that invested money in hydraulic fracturing recovered quicker from the 2008 recession that those that did not. Job creation, higher wages, and a lower employment rate resulted. The author points to Texas and North Dakota as success stories, while states that have struggled during this time, such as, California and New York, currently have fracking bans in place. The author seems to indicate the economic benefits of fracking are obvious, but the concern and cost of environmental compliance still remains. The numbers are here in the article; judge for yourself.