interdependency of economics and the environment when discussing natural gas development by joyce...
TRANSCRIPT
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
? CLEAN ?Extraction
ProductionTransmission
UseDisposal
? 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.
? DOMESTIC ?
? 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
