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Marcellus Shale

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A presentation outlining the economic and environmental benefits and dangers of drilling for natural gas in the New York State portion of the Marcellus Shale

A presentation outlining the economic and environmental benefits and dangers of drilling for natural gas in the New York State portion of the Marcellus Shale

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Transcript

  • 1. Marcellus Shale
    Looking at natural gas drilling through an Economic and Environmental lens
  • 2. The Marcellus Shale
    489 trillion cubic feet of retrievable gas in Marcellus Shale
  • 3.
  • 4.
  • 5. Global Potential Economic Benefits
    Versatility
    Natural gas is a growing industry
    U.S. consumed 22,844,374 million cubic feet of natural gas last year alone
    Cleanest burning fossil fuels
  • 6. Local Potential Economic Benefits
    NY state alone consumed 393 billion cubic feet of natural gas in 2008, making up 33% of their energy consumption
    In state production would directly decrease in state consumer cost
  • 7. Broome County Study
    Over the next decade:
    792 million in new wages
    16,000 new jobs created
    $85 million in state and local tax revenues
    +
  • 8. Problems with the study
    Does not take into account economic impact of environmental damage
    Does not take into account economic impact of other industries e.g. fishing, recreation…
    Does not take into account economic impact of health care costs
    Study was conducted by out of state company
  • 9. Impact on Agriculture
  • 10. Endangering Precious Resources
    Only .3% of the world’s water supply is usable for human consumption
    Methane gas has been found in municipal water sources located near drilling sites.
  • 11. Fracking Fluid
    Companies are not required to disclose fracking solutions
  • 12. Spills and Wastewater
    Sewage treatment plants are not equipped to process the industrial waste water and associated chemicals.
  • 13. Kills Fish and Other Animals
  • 14.
  • 15. Jobs
    Who will get these new jobs? Not people from local communities.