click for larger version
The Marcellus Shale is a natural gas reserve in northeastern Pennsylvania and southwestern New York. Pennsylvania allows hydraulic fracturing, and thus produces gas, but New York has banned natural gas production from its share of the gas reserve. A special report, researched and published by the top-notch Heritage Foundation, evaluates the economic effects of hydraulic fracturing in PA and NY, using NY's ban (2010 to present) as a natural experiment. Analyzing economic data from 2002 to 2022 and comparing NY's counties as the treatment group against comparable PA counties as the control group, the authors estimate that NY's ban resulted in the relevant NY counties losing out on around $11,000 per resident, or a staggering $27,000 per household.
To view this content, log into your member account. (Not a member? Join Today!)
