New York Will See $11.4 Billion in New Investment, $1.4 Billion in New Tax Revenue, and 18K New Jobs if the Fracking Moratorium is Lifted

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.)

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