Start a Company or Get a Job in the Marcellus? Try Water
Looking for a way to participate in the Marcellus and Utica Shale economic boom? As an investor, or as a business owner or even as a job seeker, you might want to consider water. Yeah, water. Try these numbers on for size: In 2011, drillers paid somewhere between $1.3-$1.7 billion to dispose of fracking wastewater in the Marcellus Shale. In 10 years it’s estimated to be a $15-$22 billion market—just in the Marcellus Shale.
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The U.S. Environmental Protection Agency (EPA) is signaling their intent to continue overreaching their authority by regulating oil and gas drilling in the U.S., violating states’ constitutional rights to do so themselves. The EPA’s “back door” way of regulating hydraulic fracturing (buying them time while they try to regulate it by the front door with their multi-year study of the process), is by controlling the disposal of wastewater produced during fracking. From the EPA’s press release yesterday: