Duke U Study: Property Values Drop When Marcellus Drilling Begins
Once or twice a year anti-fossil fuel “researchers” at Duke University issue another “publish or perish” term paper that takes aim at the Marcellus/Utica and call it a study. A few weeks ago the latest in a string of such biased reports was issued by Duke–this one claiming that property values go down when Marcellus Shale drilling comes to a community. Three researchers wrote the report. One of the researchers is from the Environmental Defense Fund (EDF). The EDF is as anti-drilling as any of the far-left enviro-Nazi groups like the Sierra Club, Food & Water Watch, various Riverkeepers, et al. But the EDF usually tries to work with the industry, which often ostracizes them from the kooks on their left. It’s disappointing to see the EDF piling on in this latest sham study. The study is titled, “The Housing Market Impacts of Shale Gas Development” (full copy below). The problem for this study is that there are numerous other studies that look at property values and conclude the opposite–that property values go UP when drilling comes to an area. When you dig in to the the Duke study you’ll find that in some cases they did find property values increased, and other cases values decreased. We bring you this study to prepare you for the onslaught of sycophantic mainstream media stories that will mention it a time or two and then move on–typical “drive by” misinformation from the media where truth is the casualty…
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What was happening in the year 1999? Let’s see. Then-President Bill Clinton went on trial in the Senate for lying under oath about getting a BJ in the Oval Office by a young girl, Monica Lewinski. Even though he was guilty, the Republican-controlled Senate lost its nerve and didn’t convict him. He was later stripped of his license to practice law in Arkansas for perjuring himself. The “Sopranos” debuted on HBO in 1999. Seth MacFarlane’s “Family Guy” first aired on Fox. Tom Cruise and Nicole Kidman star in the movie “Eyes Wide Shut.” Basketball star Michael Jordan announced his (first) retirement–only to return in 2001. Hip Hop artist Eminem released his first major record album called ‘The Slim Shady’ which would win him a Grammy the following year. The great Wayne Gretzky played his last hockey game in the NHL. Gretzky’s New York Rangers lost 2-1 to the Pittsburgh Penguins. Quarterback John Elway retired from the NFL in 1999. The third Harry Potter book, “Harry Potter and the Prisoner of Azkaban” was published. “Star Wars: Episode I – The Phantom Menace,” directed by George Lucas, was released in 1999. Oh, and one more thing. The year 1999 was the last time oil and gas rig counts were as low as they were last week, just 700 rigs operating…