States with fracing are economically stronger, House panel told

08/04/2014
US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee. "In those states that have chosen to pursue energy development, output and jobs have grown faster than in most other states, while their unemployment rates are well below the US average of 6.1%," Bernard L. Weinstein, associate director of the Maguire Energy Institute at Southern Methodist University's Cox School of Business in Dallas, said to the committee's Energy and Power Subcommittee on July 24. Texas, which aggressively developed its ti...
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