Will the shale energy boom in the United States lead to a shale bust?
The Via Meadia blog at The American Interest takes a look at a report that examines this very issue and was just released by the Council on Foreign Relations.
Via Meadia: "A new report warns that as the shale revolution pumps new life into American energy production, it also leaves states vulnerable to global energy price swings. Between 2010 and 2012, oil and gas industry jobs grew 10 times faster than overall American jobs. Fossil fuels’ share of America’s GDP has nearly tripled since 1999. But states replete with shale energy shouldn’t rely too heavily on oil and gas production, which will make them more vulnerable to global price fluctuations.
"The brief, released this morning by the Council on Foreign Relations, observes that after an energy production peak in 1981 'most US energy-producing states diversified away from energy production and energy-intensive industries.' Now, for obvious reasons, these states, along with newcomers like North Dakota, are relying more and more on fossil fuels for jobs and GDP ..."
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.