FRACKING BOOM LIKELY TO BE SHORT-LIVED – STUDY
Study: Energy boom's boon is temporary
Mark Wilcox, December 19, 2013 (Northern Colorado Business Report)
"A new study from regional nonprofit research group [Headwaters Economics] is questioning whether energy development does more long-term economic harm than good…The 31-year study [of Colorado, Wyoming, Montana, New Mexico, North Dakota and Utah] stipulates that short-term development can have a strong positive impact on employment and income that breaks down over time…For counties that participated in the early 1980s oil and gas boom, per capita income declines with longer specialization…The longer the duration of oil and gas specialization, the higher the crime rate…For counties that participated in the early-1980s oil and gas boom, educational attainment declines with longer specialization…” click here for more
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