New Research: Shale Drilling has Enormous Benefits for Economy

A new research paper recently published by researchers at the University of Wyoming takes a close look at the economic benefits and potential pitfalls of shale drilling. The paper, titled “The Economics of Shale Gas Development” (full copy below) was accepted last November for publication later this year in the Annual Review of Resources Economics. The upshot of the paper is this: there are ENORMOUS economic benefits from shale drilling–and we’ll realize those benefits as long as we don’t screw it up. That is, we need to be mindful of, and careful to manage, the environmental impacts from drilling…

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