×

Fill out the brief form below for access to the free report.

  • George W. Bush Institute

    Our Ideas

  • Through our three Impact Centers — Domestic Excellence, Global Leadership, and our Engagement Agenda — we focus on developing leaders, advancing policy, and taking action to solve today’s most pressing challenges.

I'm interested in dates between:
--

Taking Action

Advancing Policy

Developing Leaders

Issues

I have minutes to read today:

Programs & Issues

Taking Action

Advancing Policy

Developing Leaders

Issues

Publication Type
Date
I'm interested in dates between:
--
Reading Time

I have minutes to read today:

Fear of Fracking Stymies Gas' Potential

February 13, 2013 by Bernard L. Weinstein

Bernard L. Weinstein, National Journal Twenty years ago, the Barnett shale in north Texas was unknown. Today it’s the second largest producing natural gas field in the United States with output exceeding four billion cubic feet a day. What’s more, the Barnett shale has added a new dimension to the North Texas economy, supporting thousands of jobs and generating millions in tax revenue for local governments and school districts. In terms of potential output and economic impact, the Barnett is dwarfed by the Marcellus shale formation that stretches across large swaths of West Virginia, Pennsylvania, and New York. Pennsylvania is already benefiting mightily from shale gas production, and several studies have recently documented the huge economic boost to the state in term of jobs, income and tax revenue. Indeed, one can point to drilling and production in the Marcellus as the main reason Pennsylvania has been adding jobs at a rapid clip. By contrast, upstate New York, with a moratorium on shale gas drilling, has been losing jobs for years. Read More


Author

Bernard L. Weinstein
Bernard L. Weinstein

Bernard L. Weinstein is Associate Director of the Maguire Energy Institute and an Adjunct Professor of Business Economics in the Cox School of Business at Southern Methodist University. He has taught at Rensselaer Polytechnic Institute, the State University of New York, the University of Texas at Dallas, and the University of North Texas. He has authored or co-authored numerous books, monographs, and articles on the subjects of economic development, energy security, public policy, and taxation. His work has appeared in professional journals as well as the popular press. He earned an A.B. degree from Dartmouth College and an M.A. and a Ph.D. in economics from Columbia University.

Full Bio

Related Articles: