Oil & Gas Journal: States with fracking are economically stronger, House panel told

/, Media Coverage, Tanton, Testimony/Oil & Gas Journal: States with fracking are economically stronger, House panel told

by Nick Snow
Oil & Gas Journal

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

“In those states that have chosen to pursue energy development, output and jobs have grown faster than in most other states, while their unemployment rates are well below the US average of 6.1%,” Bernard L. Weinstein, associate director of the Maguire Energy Institute at Southern Methodist University’s Cox School of Business in Dallas, said to the committee’s Energy and Power Subcommittee on July 24…

Tom Tanton, the Energy and Environment Legal Institute’s Science and Technology Assessment director; Fred Siegel, a Senior Fellow at the Manhattan Institute; Steve Clemmer, the Union of Concerned Scientists’ Energy Research and Analysis director; and Steve Nadel, the American Council for an Energy-Efficient Economy’s executive director, also testified.

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2014-07-28T15:43:55+00:00July 28th, 2014|Fracking, Media Coverage, Tanton, Testimony|