marcellus shale
DESCRIPTION
A presentation outlining the economic and environmental benefits and dangers of drilling for natural gas in the New York State portion of the Marcellus ShaleTRANSCRIPT
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Marcellus Shale
Looking at natural gas drilling through an Economic and
Environmental lens
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The Marcellus Shale
489 trillion cubic feet of retrievable gas in Marcellus Shale
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Global Potential Economic Benefits
• Versatility• Natural gas is a growing industry• U.S. consumed 22,844,374 million cubic feet
of natural gas last year alone• Cleanest burning fossil fuels
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Local Potential Economic Benefits
• NY state alone consumed 393 billion cubic feet of natural gas in 2008, making up 33% of their energy consumption
• In state production would directly decrease in state consumer cost
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Broome County Study
Over the next decade:• 792 million in new wages• 16,000 new jobs created• $85 million in state and local tax revenues
+
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Problems with the study
• Does not take into account economic impact of environmental damage
• Does not take into account economic impact of other industries e.g. fishing, recreation…
• Does not take into account economic impact of health care costs
• Study was conducted by out of state company
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Impact on Agriculture
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Endangering Precious Resources
• Only .3% of the world’s water supply is usable for human consumption
• Methane gas has been found in municipal water sources located near drilling sites.
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Fracking Fluid
• Companies are not required to disclose fracking solutions
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Spills and Wastewater
• Sewage treatment plants are not equipped to process the industrial waste water and associated chemicals.
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Kills Fish and Other Animals
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Jobs Who will get these new jobs? Not people
from local communities.
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