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Fed Beige Book mentions Pa.,
Ohio drilling impact

Associated Press, by Kevin Becos

Original Article

Posted By:John c, 3/7/2013 5:31:59 PM

PITTSBURGH - The U.S. Federal Reserve´s latest survey of regional economic trends is mentioning the Marcellus Shale natural gas boom. The Fed´s latest Beige Book issued Wednesday mentions that Pennsylvania banks see customers paying down loans with natural gas royalty money. In neighboring Ohio the Fed says shale gas activity is expanding at a robust pace, but some auto dealers are worried they´re lose technicians to energy companies. Economists say it´s interesting that bankers and other businesses in the northeast are mentioning shale gas.

Comments:
In spite of obama, improvements.
Staff removed second source citation from text.

      


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Reply 1 - Posted by: reilly, 3/7/2013 6:14:51 PM     (No. 9213826)


Get the politicians out of the way and get free.


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Reply 2 - Posted by: Zarin, 3/7/2013 7:22:19 PM     (No. 9213902)

The EPA is wanting to stop this.

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Reply 3 - Posted by: oh-heck, 3/7/2013 11:47:10 PM     (No. 9214177)

Note that there was no mention of NY even though a significant chunk of the Marcellus lies under NY. In 2009 they decided to rewrite the permitting process for hydraulic fracturing and 4 years later they still don´t know whether the resource can be developed. Ohio is thinking about rewriting their rules but hopefully they have learned something from NY.

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