Industry Group Issues Report Touting Fracking Boom Benefits to Economy

Posted on September 9, 2013 by Andrew Findley

News Inferno; September 5, 2013

An industry-funded report states that the uptick in hydraulic fracturing (fracking) activities has benefited the economy with jobs, revenue, and household income increases.

While some believe fracking is an answer to a downturned economy and energy independence, more believe the drilling is putting the fresh water supplies for millions of people at risk. The risk is greater for those living closest to the drilling boom.

The report, issued by industry group, HIS CERA, cited booming natural gas and oil production, which has supported 2.1 million jobs, added nearly $75 billion in federal revenue, and increased household income by $1,200, according to Bloomberg.com.

To read the complete article, please click the link below: http://www.newsinferno.com/?p=45801

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