West Virginia, Fracking, and the New OPEC

West Virginia is in a unique position to take advantage of hydraulic fracturing to access the Marcellus Shale gas. The Marcellus dips well into the interior of our mountains, and our  chemical industry infrastructure is just waiting to be put to work! So, when I saw this article I wanted to share it. 

According to the piece:

U.S. production of natural gas is at an all-time high, approximately 70 Bcf/d (billion cubic feet per day), and reserves have increased similarly. The United States surpassed Russia as the world’s number-one natural gas producer in 2009, and today has at least a 200-year supply at present demand levels. U.S. production of crude oil reached 9.5 million bbl/d (barrels per day) in 2014 and will soon pass the peak of the early 1970s. And, the United States will surpass Saudi Arabia as the world’s number-one producer of crude oil in the next few years.

North American shale plays. Source: U.S. Energy Information Administration (based on data from various published studies; Canada and Mexico plays from ARI)

This seemingly exhaustive article focuses heavily on Texas oil fields and infrastructure. West Virginia also has rail, truck, and barge access, although on a smaller scale. With proper management, fracking can provide a bit of diversity for a state heavily dependent on coal production, the downstream industry, and economic support it gives local communities.

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About Robin Holstein

Robin incorporated Robin's Desktop in 2005. Clients include a business incubator; a consultant specializing in chemical, petrochemical, and economic development; HVAC/Technical company, economic development organizations, politicians, and others. She is a contributing columnist at Two-Lane Livin, served as president of several local and district level organizations, published "Think Outside The Office" in 2010, has a BS in Organizational leadership, over 12 years in state government service.

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