Sunday, June 26, 2011

Shale Gas - WSJ Article "The Facts About fracking"

Welcome to the Collaborative Revolution!

The article linked below purports to reveal "The Facts about Fracking".  This is another shale gas related post that should be tucked away in your memory.  The economic development angle is the key to the shale gas plays from my perspective. 

As recently as 2000, shale gas was 1% of America's gas supplies; today it is 25%. Prior to the shale breakthrough, U.S. natural gas reserves were in decline, prices exceeded $15 per million British thermal units, and investors were building ports to import liquid natural gas. Today, proven reserves are the highest since 1971, prices have fallen close to $4 and ports are being retrofitted for LNG exports.


The shale boom is also reviving economically suffering parts of the country, while offering a new incentive for manufacturers to stay in the U.S. Pennsylvania's Department of Labor and Industry estimates fracking in the Marcellus shale formation, which stretches from upstate New York through West Virginia, has created 72,000 jobs in the Keystone State between the fourth quarter of 2009 and the first quarter of 2011.

The economic development aspect of the topic will be explored in more detail in coming weeks.

The Facts About Fracking


James L. Salmon, Esq.
Collaborative Construction
300 Pike Street
Cincinnati, Ohio 45202
Office 513-721-5672
Fax 513-562-4388
Cell 512-630-4446
JamesLSalmon@gmailcom
Collaborative Construction Website
Sustainable Land Development International