Skip to comments.Survey: Customers in shale gas areas confident in economic future
Posted on 01/22/2013 8:40:27 PM PST by 2ndDivisionVet
A new study out by the Huntington Bank finds that nearly 60 percent of consumers in shale gas exploration regions are confident the industry will provide opportunity in their area.
The Midwest Economic Index surveyed across Huntington Bank's service area from West Virginia through Michigan. The new survey is the first of its kind conducted by Huntington.
"Huntington commissioned the survey by an independent research firm because we are committed to helping our customers understand the economy in our markets," said Steve Steinour, chairman, president and CEO of Huntington Bank. "While many inside and outside of the energy industry are predicting growth, we wanted to find out how the residents of our markets perceive the potential economic impact of the industry on their communities."
Of the 60 percent who thought it would provide an opportunity, 57 percent of those who responded to the survey said it was would provide "somewhat of an opportunity" or a "significant opportunity," with 14 percent responding the latter.
The news wasn't all positive for the industry about 43 percent of those in shale region, Huntington Bank's research suggested, said "they did not believe economic growth would be created by the new energy industry, in terms of shale workers increasing business in local areas, energy companies buying land or manufacturing growing to support the new industry."
West Virginians were particularly optimistic...
(Excerpt) Read more at statejournal.com ...
Spare us the Axelrod propaganda !
Shale gas exploration was founded in north Texas. It is my very humble opinion that if folks would objectively examine its economic impact, then they could only conclude that its impact on the economy is SIGNIFICANT.
The experts are working out the bugs related to the process. I trust them to protect the financial interests of the companies they represent by ensuring that safe and sound means are employed to release this form of energy.
As a nation, we must come to appreciate the fact that fracking technology has the potential to lead the U.S. to energy independence. That is if special interest groups would get out of the way and allow innovative solutions to energy needs to continue to be explored and developed.
well they cranking out millionaires in North Dakota at the rate of 2000 a year....so something must be working.
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