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Energy companies and media are touting an “energy revolution” with drilling for shale gas. This “renaissance” has claimed it will liberate America and create energy independence.
However, it’s not that simple. With the low cost of natural gas in the US, neighbors of oil and gas operations in Ohio, Pennsylvania, Colorado and Arkansas have noticed a decline in gas drilling and processing activity in 2013. Some researchers believe that the shale play might have already have peaked and be on the decline. Neighbors are standing idly by wondering if they are able to pick up the pieces of their everyday lives that have been so dramatically impacted by the gas drilling invasion. Was the boom all it promised to be? Did we already bust?
OR should neighbors hunker down and prepare for an all out frenzy? Is industry just taking a moment to assess the market and then go gangbusters?