Helping Clients With Their Energy and Environmental Needs

Read

Hydraulic Fracturing Creates Jobs Says ... NPR?

By Greg Russell

Well, almost.  NPR has a good article on the job-creation potential related to domestic energy development - and the use of hydraulic fracturing:  "Economic historians eventually will look back and decide which assessment proved true, but for now, the 'manufacturing renaissance' theory has broad support, both from business leaders and from most economists. They say manufacturing's future is getting brighter because of 'fracking' — an increasingly popular drilling technique used to recover natural gas from shale formations. Fracking is helping guarantee factory owners access to cheap, reliable and abundant energy sources."

As an example:  "Company president Ned Dwyer says the old method of using oil to operate the paper-drying equipment during Maine winters was not cost competitive in the global marketplace. Now, with a switch to natural gas, the factory can survive and even grow, he says. *** Inexpensive energy 'allows us to run a second paper machine in the wintertime that nominally produces around 300 tons of paper a day,' Dwyer said. 'It produces another 40 jobs.'"

Tags: Hydraulic Fracturing, Energy

Helping clients with their energy and environmental needs

You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.