Study Says That American Households See Big Economic Benefits from Fracking
From The Daily Caller:
Hydraulic fracturing, or fracking, provides the average local household with enormous economic benefits, according to a new study published Thursday by economists at the University of Chicago.
Driven by rises in wages and royalty payments, researchers found that fracking added a total of $1,200 to $1,900 per year for the average nearby household, causing a 6 percent increase in average income. The researchers also found that communities with fracking had a 10 percent increase in employment and a 6 percent increase in housing prices.
“This study makes it clear that on net there are benefits to local economies — which we believe is useful information for leaders in the United States and abroad who are deciding whether to allow fracking in their communities,” Chris Knittel, an economist who co-authored the study, said in a press statement.
Other research shown that fracking for oil and natural gas is most popular when locals see the economic benefits.Read more by clicking here.
Connect with us on Facebook and Twitter!