Cleveland Fed Bank Report Addresses Boom & Bust in Shale Drilling

An analyst with the Federal Reserve Bank of Cleveland authored and released an article addressing the concerns over shale gas and oil development. The article, titled “Deep Wells, Deep Pockets, and Deep Impact” (full copy embedded below) purports to address the issue of what can communities do about the boom and bust cycle attached to any natural resource extraction process? We were excited to read what the Fed’s learned analyst would say about an important issue like this one. We were disappointed that he did a lot of problem identification, but offered little in the way of problem resolution…

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