Monday, October 8, 2012

How Shale Gas Can Benefit Us at the Environment

A really great read from the Economists that brought you Freakonomics and its sequel:

The iPhone 5, which does more without costing more, is cheered for possibly lifting fourth quarter GDP growth by as much as half of a percentage point, or by $12 billion. Shale gas, which does what coal does while costing fewer dollars and fewer carbon emissions, boosted GDP by an estimated $76-118 billion in 2010 and will annually contribute an incremental $230 billion to GDP by 2035. Where are the throngs to welcome it?

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