Pittsburgh Jobs Up, Housing Prices Up, Bankruptcies Down – Why? Hydraulic Fracturing

Although the entire U.S. remains mired in slow growth, perhaps even a double-dip recession, there are places in the country that are seeing rapid job and economic growth. One of those places is the Bakken Oil fields of North Dakota. Another place is Pittsburgh. Why have those two areas seen such growth and economic prosperity? Hydraulic fracturing. In the case of North Dakota, it’s hydraulic fracturing of oil wells. In the Pittsburgh area, it’s hydraulic fracturing of Marcellus Shale gas wells.

Below is an recent email sent by PittsburghTODAY speaking about Pittsburgh’s economic comeback:

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