Report Questions Fracking’s Economic Benefits
It’s nothing new to hear concerns over hydraulic fracturing, but a new report out today questions one aspect of fracking that rarely comes under scrutiny: its supposed economic benefit. For StateImpact Texas, KUT’s Mose Buchele spoke with Luke Metzger, director of Environment Texas. The group collected data from academic and government studies to paint a picture of an industry that may be a bigger drain on state tax money than commonly thought.
You know, everything from damage to roads, increased cost for water infrastructure projects, and drilling’s impact on property, home values.
There are a lot of costs that may offset or even be greater than any economic value associated with fracking.