Shale plays show how resource work helps economies

03/07/2011
by Bob Tippee, EditorThe economic goodness of resource development is, or should be, axiomatic. With inputs of labor and capital, resources yield wealth, the generation of which creates jobs, incomes, and tax revenue for governments.In towns surrounded by active oil and gas development, prosperity becomes manifest in no-vacancy signs aglow outside motels, new pickup trucks cruising streets, parking lots overflowing around steak houses. For practical economic analysis, quantification is unnecessary. Who, besides the owner, needs sales figures from the convenience store? Most people can deduce what they need to know about business conditions from shelves empty by sundown every Friday in the...
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