Monday, August 11, 2014

Here Comes the Boom!

I live in Pennsylvania, albeit not in the shale-rich regions of the state. But I am very aware of the shale boom, as it drives jobs, environmental opposition, and the political ambitions of Harrisburg. The Environmental Law Institute commissioned a report that looks at the attributes of the current shale boom in Pennsylvania and makes recommendations for avoiding a bust. It’s an interesting read. It looks historically at the booms of the conventional oil, coal, and timber industries with the purpose of improving upon the all-but-certain bust scenario for shale.