Sunday, April 04, 2010

More Marcellus Mania

Jim R. caught a bit of rethinking to the Macellus hype from the Houston Chronicle.  See: Gas drilling won't goose economy all that much, says study.  Follows up on some thoughts I had last week.  Lots going on and I doubt we know where this will all really go in the end.  But the Chronicle also links to a valuable meta-analysis page listing studies of shale gas drilling studies compiled by some place called EnergyInDepth. I would think they all would be required reading around here given how much talk there is of Marcellus impacts all around. 

Jim adds some comments on the potential supply chain impacts natgas drilling could have, in particular on pipelines.  No doubt there has been talk of the demand surge for steel resulting from drilling activities and the eventual distribution of gas in production. So it's a real source of new demand for sure, but you sure sense a strong feeling of deja vu.  Didn't US steel once sense a glimmer of hope in oil pipeline sales a quarter century ago? 


Anonymous BrianTH said...

I think it is a good bet most of the economic effect will come not specifically from people directly employed in exploitation, but rather from all the necessary supporting activity (not just things like infrastructure but also legal, financial and so on), plus the attraction of cheap, local, reliable energy for energy-intensive firms, and in turn all the supporting activity they will generate.

Of course I have no idea how to put a number on all that. But I do think merely counting people directly involved in exploitation is not the right way to estimate the overall economic effect.

Monday, April 05, 2010 8:11:00 AM  
Anonymous rockjock said...

the number of people being employed right now is incredible, my daughter's Boyfriend just got a job with Baker hughes, and they are looking for 400 more.

Thursday, April 08, 2010 1:09:00 PM  
Blogger C. Briem said...

Well... begs the question of whether they have found 400 more.

Thursday, April 08, 2010 10:55:00 PM  
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