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Monday, July 14, 2014

Study by Anti-Drilling Group Finds More Costs Than Benefits to Drilling

From Midwest Energy News:
Even before the most recent recession, Carroll County in rural eastern Ohio was struggling. Employment prospects were sparse and young people were fleeing for opportunities elsewhere. Then came 2011 and arrival of the shale industry, giving the local economy an injection of jobs and the attendant financial benefits an influx of new business creates. 
Though shale development has changed the county’s fortunes, the transformation from ghost town to boom town has been far from smooth, according to a study released in April by nonprofit research organization Policy Matters Ohio. Months after the study was made public, there are still lingering questions about whether the cultural, environmental and public health costs of fracking outweigh the economic benefits. 
“This was a region struggling for a long time, so fracking has been a shot in the arm,” said Amanda Woodrum, report author and Policy Matters researcher. “But the story does not end there.” 
Influx of cash 
The Carroll County study was part of a larger effort to determine the impact of shale development in four communities in Ohio, West Virginia and Pennsylvania. Policy Matters joined with other members of the Multi-State Shale Research Collaborative for the year-long venture. 
Carroll County, which has half the state’s active fracking wells, is a decade newer to the shale energy game than its out-of-state contemporaries, said Woodrum. Still, about 95 percent of county sub-surface rights have already been bought or leased for potential use in domestic oil and gas production.
Read the whole article by clicking here.

Shale Energy Insider also posted an article about this study, which can be read by clicking here.

Many of our readers are in Carroll County.  Do you agree that the shale boom has brought more costs than benefits for the area?  Feel free to share your thoughts in the comments.

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