General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf the Marcellus Shale region was a country
it would be the 3rd largest natural gas producer in the world. The Marcellus Shale gas output is 12 billion cubic feet a day, that's equivalent energy of 2 million barrels of oil a day.
https://www.theintelligencer.net/page/content.detail/id/591389/Shale-Output-Surges.html?nav=515
Coyotl
(15,262 posts)Total wastye, pollution, ands global warming, without capturing the energy at all, just to make a quick buck on the oil.
Coyotl
(15,262 posts)doc03
(35,349 posts)more oil and other liquids. Tonight when I came home I could see a well miles away being burned off, the whole west sky was orange.
pscot
(21,024 posts)and Pennsylvania getting a share? In Alaska, everybody gets paid by the oil companies. Appalachia is getting screwed, as usual.
doc03
(35,349 posts)across the road that inherited his grandfathers farm got $500,000 for a 5 year lease
with a 17% royalty. They are also building a pipe line through his property and he will get so much per foot I hear. Myself I only have a little over an acre so I got almost $6000 and 17% royalty. One poor sparsely populated local county that may have had a handful of millionaires gained 42 new ones last year. As far as the people as a whole I don't know, there has been talk of taxing the drillers but don't know if they have yet. Of course the drillers will fight it tooth and nail.