Shale Mining: Savior to Local Production Economies

For years, it has been known that shale is a goldmine. Embedded deeply in its layers are large naturally occurring deposits of oil and gas. While there is much political debate over what to do with the shale plays in the United States, businesses had been looking for a profitable way to tap into these resources. Over the last 10 years, the shale mining industry has boomed and with the development of the Marcellus and the Utica in Pennsylvania and Ohio respectively, energy demand has grown steadily with the supply. Although prices are low now, they are projected to rise modestly. As prices rise, the more beneficial it will become for energy businesses to focus on the investment and development of domestic shale plays. Profitability No one can deny how profitable the shale mining industry is to the United States. Billions of dollars are spent each year on improving and creating operations and infrastructure. Although the industry requires such a large investment to make profits, it make
http://www.shaledirectories.com/blog/shale-mining-savior-to-local-production-economies/