A recent energy forum at the University of Pennsylvania's famed Wharton School focused a lot on the shale revolution.
Wharton wrote: "Participants on the energy panel at the recent Wharton's Economic Summit 2013 in New York City agreed that the industry needs to strike a delicate balance between reaping the benefits of fracking while safeguarding the environment and addressing the needs and concerns of the communities affected by fracking.
"There are states that have opted not to frack, either banning it outright or putting a moratorium on it, pointed out Ann Harrison, a Wharton management professor, who moderated the panel.
"[William] Klesse stated that communities have the right to know about the risks but must weigh them against the benefits. 'New York [which has put a moratorium on fracking] is making a huge mistake,' he said. 'In Pennsylvania there are 100,000 jobs [that would otherwise not be there]. The oil and refining businesses are hiring people, generating jobs, paying taxes. This is a windfall for the U.S.'
"John Deutch, an MIT professor and former head of the CIA, pointed out that for all the concern about drinking water contamination, the real environmental risk is not below ground but on the ground and above it."
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