Argues that the economic models used to project benefits provide only a small fraction of the information needed to understand the impacts because crucial costs to communities are neglected.
Details typical flaws in economic impact studies used by industry to promote shale gas development , including inflated economic multipliers, unrealistic assumptions about in-state spending (and thus positive in-state economic impacts, ignored costs, and out-dated methodologies.
Details flaws and misrepresentations in the State of New York’s analysis of the socioeconomic impacts of allowing drilling and fracking for shale gas in the state, with a particular focus on projected job creation.
Shows how numerous flaws, characteristic of industry-backed shale gas job projections, led to one projection being a 900 percent exaggeration of the number of new jobs that allowing drilling and fracking for shale gas would create for New Yorkers.
Examines BLS employment data for five counties in Pennsylvania, and five adjacent counties in New York, to demonstrate that the impact on net employment is minimal from drilling and fracking for shale gas.