Boost in Marcellus shale jobs, economy expected, study says

08/02/2010
Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned by the American Petroleum Institute concluded. But the growth could be less if state and local governments dramatically increase taxes or impose very restrictive regulations, its author warned."Striking the right balance involves looking at all the costs of production," said Timothy J. Considine of Natural Resource Economics Inc. in Laramie, Wyo. "My recommendation is to get this industry established and let it grow. It will generate additional revenues for economic activity."There are many more...
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