Fracking: Study tags 65,000 jobs, $4.9B boost to Ohio shale

“This really has the potential of being transformational.”

The Associated Press reports:

An academic team enlisted by Ohio’s business sector released a study Tuesday that finds oil and gas drilling will mean more than 65,000 jobs and an almost $4.9 billion investment in the state’s economy by 2014.

Findings of the eight-month study were released to the media and members of the Ohio Shale Coalition, a partnership of energy interests spearheaded by the Ohio Chamber of Commerce.

The group commissioned the study in hopes of displaying the benefits to Ohio’s ailing economy of a boom in shale drilling, including the controversial practice of hydraulic fracturing, or fracking.

A team of economics, energy and geology experts from Cleveland State University, Ohio State University and Marietta College’s Department of Petroleum put together the report…

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