A state traditionally associated with heavy manufacturing and industrial output, Pennsylvania has undergone a transformation in the past several years. Thanks to new technologies such as hydraulic fracturing or fracking, and horizontal drilling, the state has seen a boom in energy production from the Marcellus Shale formation that lies under most of the state.
The Keystone State is no stranger to the energy industry. It was home to the nation’s first oil well in the late 19th century. As late as 2008, fracking and a desire to wean the nation off of foreign sources of oil and natural gas led to the tapping of the Marcellus Shale, again thrusting the state into the forefront of domestic energy production.
As the fastest-growing natural gas-producing state, Pennsylvania’s economy is booming. In 2010 alone, oil and gas development utilizing fracking contributed more than $11 billion to Pennsylvania’s economy.
Over 239,000 jobs have been created or supported from the boom and an additional 160,000 jobs are expected to be created by 2030! Pennsylvanians of all stripes are reaping the benefits as the economy improves, the Keystone State’s budget grows, and consumer energy costs drop.
Hear from some fellow Keystone State residents about some of the ways things are improving from one side of the state to the other.