Marcellus Shale is not a college point guard, it is a huge petroleum deposit extending from western New York to West Virginia estimated from between 85 trillion to 480 trillion cubic feet, at least the second largest in the world. The implications, locally and nationally, are staggering. Richard Heckmann, the CEO of of the drilling service company Heckmann Corp. and who turned U.S.Filter from a multimillion dollar company into a multibillion dollar one, estimates that if liquid natural gas processed from this site could be used nationally by tractor trailers--which he estimates could be done in 5 years-- our dependence on Middle East oil would be over. Over.
And the spillover, if you will excuse me, would be unbelievable. On a single wellpad in western Pennsylvania 115 companies are involved in servicing it. Shell Corp. is considering a processing plant that will make the composite chemicals for plastic, tires and the like with the attendant growth of those industries around it. The growth of businesses and jobs would be enormous.
Yet there are nonprofit groups, politicians and anti growth groups that are rising to oppose this industry. They do not say "Let's figure out how to do this", they say "No."
I have a better idea: Let's put our money into Solyndra, solar companies and lithium battery companies and hope for the best.
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