Doing the Heavy Lifting on Shale
Shale Symposium, Cleveland Ohio
Read News Coverage: Drillers failing to meet projections for Ohio jobs, speakers say at Utica Shale conference
View Video & Presentations: Shale Symposium Resources
Wheeling, West Virginia sounds to some punsters like heavy lifting — which is metaphorically what the think tank partners in the Multi-State Shale Research Collaborative did in March at a symposium presenting the findings of independent research on the impact of shale drilling.
Organized with the Federal Reserve Bank of Cleveland and titled “What Communities Need to Know,” the event featured presentations from Reserve Bank economists, academics, and Multi-State Shale Collaborative partners — including the Keystone Research Center, Pennsylvania Budget and Policy Center,Policy Matters Ohio, and the West Virginia Center for Budget & Policy.
- Stephen Herzenberg, economist and executive director of the Keystone Research Center, summarized the real but modest jobs payoff to shale drilling.
- Amanda Woodrum, a researcher with Policy Matters Ohio, highlighted findings from case studies of the community impacts of drilling in Pennsylvania’s Greene and Tioga counties, Carroll County in Ohio, and Wetzel County in West Virginia.
- Ted Boettner, executive director of the West Virginia Center for Budget and Policy, presented research on the so-called “resource curse” — the economic volatility and relative poverty of counties that depend on resource extraction. Boettner also pointed to the potential of “economic trust funds” — including a small one now established in West Virginia through his organization’s research and advocacy. These funds use a portion of revenues from taxing resource extraction to help rural counties diversify their economies and prosper after resources are exhausted.
Video and event presentations are available online at the Federal Reserve Bank of Cleveland's symposium web page.