Coffee Hour: Local Economic Benefits Related to Marcellus Shale Development: What the Numbers Say

Share
Time: 
Friday, November 1, 2013 - 3:30pm to 5:00pm
Place: 
Refreshments are offered at 3:30 p.m. in the E. Willard Miller seminar room, 319 Walker Building. The lecture begins at 4:00 p.m. in the John J. Cahir Auditorium, 112 Walker Building.

 

Local Economic Benefits Related to Marcellus Shale Development: What the Numbers Say

 

About the talk

Much of the public interest in developing Marcellus Shale has occurred due to the potential economic benefits, including employment, lease and royalty income, and local business activity. Most economic analysis on Marcellus Shale conducted during the first few years of its development was speculative, relying upon  economic models and major assumptions about the flow of dollars, the share of workers who are local, and of spending. Six years after the onset of significant development, it is now possible to examine the economic impacts actually occurring in the counties with Marcellus shale drilling.

 

This seminar will use data from federal and state sources to examine county-level employment and income impacts related to Marcellus Shale development, including the impact upon county residents themselves.  The seminar will include discussion about the distribution of benefits across residents, as well as what currently is unknown, including the economic costs, distribution of mineral right ownership, and the long run economic implications for Pennsylvania communities.

 

About the speaker
Tim KelseyTimothy Kelsey conducts research on the economic and community implications of Marcellus Shale development, public finance and taxation, and land use change.  He began research on the economic impacts of Marcellus shale in 2008, and for five years was a very active member of Penn State Cooperative Extension’s outreach teaching about this issue.  He currently teaches courses on community-based research methodologies, economic development tools, and community development, and has been at Penn State since 1991.