What are the economic and political ramifications of the fracking boom? (user search)
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  What are the economic and political ramifications of the fracking boom? (search mode)
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Author Topic: What are the economic and political ramifications of the fracking boom?  (Read 3577 times)
Clarko95 📚💰📈
Clarko95
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« on: August 09, 2013, 07:00:54 PM »

It will create jobs that actually pay pretty well, and generate billions in profit for energy companies. Communities(SP? I'm having problems today) based around them will be boom towns for the period of time the oil/gas flows, see a spike in population and crime due to transient workers, states will see increased revenues across the board.

It may not reduce gasoline prices at the pump so much as simply keep them stable, as this new supply just exceeds demand(someone check that).

Since this in concentrated in the Dakotas, Montana, Pennsylvania, Texas, etc. all Republican controlled states, lower unemployment and higher revenues will be used as evidence that pro-energy policies work and the GOP will be rewarded handsomely.

However, the Democrats will make their case with the environment as air and water pollution will most likely increase. Taking a completely anti-energy stance would get them killed at the polls, but  tepidly embracing it while pushing worker/enviro protections would help them.

Economically a boon for locals, workers, energy companies, and associated industries and politically for Republicans.
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