As I have said before, I believe that unconventional oil has become the center of the US economic renaissance, because it has three separate revenue streams: natural gas, tight oil and feed-stone, which cut the cost of production for all goods and services in the US.
There are three states where hydraulic fracturing will have an immediate effect: Pennsylvania, Ohio, and West Virginia. In particular, West Virginia has the most to gain, because it was the state which had the lowest level of new construction up until very recently. This was caused by the steep decline of coal’s use in power plants over the last decade.
Anyway, the following news comes as a leading indicator for West Virginia’s participation in the shale revolution, which Pennsylvania and Ohio have already begun. With state support. WV can count on substantial job growth in construction, new pipelines, petrochemical facilities, and likely natural gas power plants. These new jobs will be an prime example of economic development to the rest of the US, especially those states who have yet to join the “Shale Gale.”