Interesting news about natural gas lately. First, there was this item from the NY Times about how despite all the hoopla, fracking may turn out to be more of a financial bubble rather than a boom. This won't come as a shock to industry critics and those concerned about its environmental impact. Or to anyone familiar with the history of extractive industries in Appalachia for the last 100 years.
Then there's this: Wetzel County WV has been ground zero for the new gas boom for the last several years, with tons of economic activity and hotel rooms full of gas workers with out of state plates. The latest is that Wetzel has been added to the Appalachian Regional Commission's list of distressed counties.
Golly, could that mean industry promises of universal prosperity might not come true? Holy Appalachian resource curse, Batman!
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