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?