Study: Fracking Bumps The Economy

A new study shows that hydraulic fracturing–more popularly known as fracking–is beneficial to the economy.

The study, conducted by the University of Chicago’s Energy Policy Institute (EPIC), analyzed fracking’s impact in nine areas that are rich with shale gas, and determined that fracking increases the average household’s livelihood by a range of $1,300 to $1,900 a year, surpassing the $1,000 to $1,600 range of costs and externalities associated with fracking, when household income is not included.