Perhaps the real question should be: Did the anti-drilling crowd ever really have a head of steam to begin with? The mainstream media certainly wants you to think so. A relatively small group of people who oppose drilling in the Marcellus—indeed people who are demanding a total ban on gas drilling—seem to get a lot of press coverage, while a majority who support it get relatively little press coverage.
New York State will see a huge $11.4 billion in economic investment by 2020, with state and local governments receiving $1.4 billion in new tax revenues, as well as 15,000-18,000 new jobs created if the current moratorium preventing Marcellus Shale drilling is lifted, according to a report released yesterday by the award-winning think tank Manhattan Institute for Policy Research.
The report, titled “The Economic Opportunities of Shale Energy Development,” projects an additional (and astonishing) 75,000-90,000 jobs would be created if the Utica Shale is tapped. (The Utica Shale requires horizontal hydraulic fracturing as does the Marcellus Shale.)