interdependency of economics and the environment when discussing natural gas development by joyce...
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Interdependency of Economics
and the Environment
when Discussing Natural Gas
Development
By Joyce Hale
National League of Cities Energy, Environment and Natural
Resources Steering Committee September 14, 2012
? ABUNDANT ?
410 TRILLION CU. FT.
84 TRILLION CU. FT.
ENERGY DEPT.
UNITED STATES GEOLOGICAL
SURVEY
30
Marcellus Shale Gas Estimate
Slashed 80%
“Sweet Spots” developed first in
a play spike production output
and are not representative of
the wells to be developed later.
? AFFORDABLE ?For how long?……
Influence of world market More costly wells to develop Externalized Costs…… Public health & environmental damage Road and highway repairs Losses in property values
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