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Chamber Study on Fracking Shows Economic Benefits.



The promise of jobs and money is floating from the idea of getting natural gas out of Southern Illinois through hydraulic fracturing. The Illinois Chamber of Commerce commissioned a study on the economic impact of a project to extract natural gas from the New Albany region.

Illinois State University economics professor David Loomis, who is also a consultant, says the plans could mean up to 47,312 jobs, with an economic impact of more than $9 billion.

Annette McMichael, of Southern Illinoisans against Fracturing Our Environment (SAFE), says the numbers are trumped up. She points to a recent story from Ohio saying Ohio Gov. John Kasich has become bearish on fracking, claiming many of the promised jobs being performed by non-Ohioans.

Tom Wolf, the state chamber’s executive director for energy, cautions against believing what anti-fracking groups say, adding the process would be strictly regulated, and nobody would frack without a permit.

http://ilchamber.org/wp-content/uploads/2012/05/Illinois-Chamber-Foundation-New-Albany-Shale-Jobs-Study-low-res.pdf

www.dontfractureillinois.net
(Posted 12-14-2012 at 9:45am, Illinois Radio Network)


Filed Under :  
Topics : Business_Finance
Social :
Locations : OhioSouthern Illinois
People : Annette McMichaelDavid LoomisJohn KasichTom Wolf

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