Fracking is Worth Over $100 Billion a Year to US Consumers

Fracking is Worth Over $100 Billion a Year to US Consumers

by admin@oilprice.com (Editorial Dept)

Energy production is one of the few bright spots in the American economy. A back of the envelope cost-benefit calculation from a Yale-associated group estimates that recent increases in shale gas production have been worth just over $100 billion annually to US consumers. In comparison, the authors estimates that groundwater contamination costs $250 million per year, a 400 to 1 benefit to cost ratio. Click here for the full article and discussionRead more...