Sunday, July 10, 2011

Fears Nachawati-Natural Gas Industry Booming--But in the Northeast?

Natural Gas Industry Booming--But in the Northeast?

Times are good for natural gas producers. Although high fuel costs hurt consumers, they’re good for suppliers. Traditionally, high natural gas prices have been particularly good news for Gulf Coast states like Texas and Louisiana and particularly bad news for the northeast. This time, however, things are a little different.

The recent discovery of the Marcellus Shale in Pennsylvania and West Virginia is good news for the east coast. The Marcellus Shale is rich in ethylene, a key ingredient in plastics, and close to markets like New York, Philadelphia, and Washington, D.C. Because of its proximity to plastics manufacturers, costs to consumer will be cheaper. Also, West Virginia, Pennsylvania and other “Shale states” will benefit from the additional tax revenue flowing from natural gas extraction. Local economies will boom, too, thanks to the estimated 10,000 new, “Shale jobs.”

There’s just one catch: natural gas production can be dangerous. Every year hundreds of workers and thousands of residents are injured as a result of natural gas leaks and explosions. If you or a loved one leave Texas to work the Marcellus Shale, you should know about the risks of natural gas – and, in particular, ethylene – cracking. Talk to the experts at Fears | Nachawati to learn everything you need to know about the law governing occupational injuries. Call 1.866.705.7584 or email info@fnlawfirm.com.

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