I have not done a thorough review, but since this is likely to get a lot of press, be aware that the study admits three glaring weaknesses.
1) The study assumes that local property owners own their mineral rights and we see lease revenue as a gain in income.
2) the study assumes that all workers are "homogeneous", and have an equal chance of getting jobs with fracking companies. But an older worker without the specialized skills needed for fracking is very unlikely to ever get a job, or the training to even compete for those jobs.
3) The study does not address climate change or incorporate the Social Cost of Carbon.
Those will likely ring true to many listeners in West Virginia, and we should emphasize those to the industry people who will tout this study.
http://www.wvgazettemail.com/news-business/20170110/study-finds-net-benefit-...
The original paper, published Dec. 22, is available at:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2692197
Jim Kotcon
________________________________ From: wvec-board@yahoogroups.com wvec-board@yahoogroups.com on behalf of James Kotcon jkotcon@wvu.edu [wvec-board] wvec-board@yahoogroups.com Sent: Wednesday, January 11, 2017 8:01:16 AM To: ec@osenergy.org; wvec-board@yahoogroups.com Subject: [wvec board & supporters] Study finds net benefit for fracking communities
I have not done a thorough review, but since this is likely to get a lot of press, be aware that the study admits three glaring weaknesses.
1) The study assumes that local property owners own their mineral rights and we see lease revenue as a gain in income.
2) the study assumes that all workers are "homogeneous", and have an equal chance of getting jobs with fracking companies. But an older worker without the specialized skills needed for fracking is very unlikely to ever get a job, or the training to even compete for those jobs.
3) The study does not address climate change or incorporate the Social Cost of Carbon.
Those will likely ring true to many listeners in West Virginia, and we should emphasize those to the industry people who will tout this study.
http://www.wvgazettemail.com/news-business/20170110/study-finds-net-benefit-...
__._,_.___ ________________________________ Posted by: James Kotcon jkotcon@wvu.edu ________________________________ Reply via web posthttps://groups.yahoo.com/neo/groups/wvec-board/conversations/messages/5889;_ylc=X3oDMTJxMHBsZ2hmBF9TAzk3MzU5NzE0BGdycElkAzIxNTg0MDQxBGdycHNwSWQDMTcwNTM2NTM5MgRtc2dJZAM1ODg5BHNlYwNmdHIEc2xrA3JwbHkEc3RpbWUDMTQ4NDEzOTY3OQ--?act=reply&messageNum=5889 * Reply to sender mailto:jkotcon@wvu.edu?subject=Re%3A%20Study%20finds%20net%20benefit%20for%20fracking%20communities%20 * Reply to group mailto:wvec-board@yahoogroups.com?subject=Re%3A%20Study%20finds%20net%20benefit%20for%20fracking%20communities%20 * Start a New Topichttps://groups.yahoo.com/neo/groups/wvec-board/conversations/newtopic;_ylc=X3oDMTJmbzZlbXFpBF9TAzk3MzU5NzE0BGdycElkAzIxNTg0MDQxBGdycHNwSWQDMTcwNTM2NTM5MgRzZWMDZnRyBHNsawNudHBjBHN0aW1lAzE0ODQxMzk2Nzk- * Messages in this topichttps://groups.yahoo.com/neo/groups/wvec-board/conversations/topics/5889;_ylc=X3oDMTM1NXUzbDdjBF9TAzk3MzU5NzE0BGdycElkAzIxNTg0MDQxBGdycHNwSWQDMTcwNTM2NTM5MgRtc2dJZAM1ODg5BHNlYwNmdHIEc2xrA3Z0cGMEc3RpbWUDMTQ4NDEzOTY3OQR0cGNJZAM1ODg5 (1) ________________________________ [https://s.yimg.com/ru/static/images/yg/img/megaphone/1464031581_phpFA8bON] Have you tried the highest rated email app?https://yho.com/1wwmgg With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage. ________________________________ Visit Your Grouphttps://groups.yahoo.com/neo/groups/wvec-board/info;_ylc=X3oDMTJmMXFrNmk3BF9TAzk3MzU5NzE0BGdycElkAzIxNTg0MDQxBGdycHNwSWQDMTcwNTM2NTM5MgRzZWMDdnRsBHNsawN2Z2hwBHN0aW1lAzE0ODQxMzk2Nzk-
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And who paid for it?
From: wvec-board@yahoogroups.com [mailto:wvec-board@yahoogroups.com] Sent: Wednesday, January 11, 2017 8:01 AM To: ec@osenergy.org; wvec-board@yahoogroups.com Subject: [wvec board & supporters] Study finds net benefit for fracking communities
I have not done a thorough review, but since this is likely to get a lot of press, be aware that the study admits three glaring weaknesses.
1) The study assumes that local property owners own their mineral rights and we see lease revenue as a gain in income.
2) the study assumes that all workers are "homogeneous", and have an equal chance of getting jobs with fracking companies. But an older worker without the specialized skills needed for fracking is very unlikely to ever get a job, or the training to even compete for those jobs.
3) The study does not address climate change or incorporate the Social Cost of Carbon.
Those will likely ring true to many listeners in West Virginia, and we should emphasize those to the industry people who will tout this study.
http://www.wvgazettemail.com/news-business/20170110/study-finds-net-benefit- for-fracking-communities
__._,_.___
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Posted by: James Kotcon jkotcon@wvu.edu
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