How Municipalities Could Reap a Windfall from Natural Gas
It has been known since the 1950s that North America has tremendous quantities of gas and oil trapped in deep shale formations, but until recently, almost all of this was deemed unrecoverable. Recent advances in combining hydraulic fracturing and horizontal drilling have materially reduced the cost of recovering shale gas, and dramatically increased projected reserves. Mike Pietronico from Miller Tabak recently penned an interesting article on how a process called fracking may help municipalities with budget shortfalls. Click here for his analysis.