New Report: Fracking is a big Benefits to Consumers
A group of Yale economics graduates, many of them energy industry executives, led by Yale Professor Emeritus Paul W. MacAvoy, were curious about whether they could quantify the economic benefit that shale gas has on America. So they recently set out to do a cost-benefit analysis, valuing and balancing the pros against the cons.
As the report’s authors write: “It is startling to acknowledge that consumer benefits from the technology of shale gas drilling and new gas production can be expected to exceed $100 billion per year, year in and year out, as long as present production rates are maintained.”
http://www.forbes.com/sites/christopherhelman/2012/06/22/the-arithmetic-of-shale-gas/
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