Expert Says That Drilling Slowdown Doesn't Mean Utica Shale is Going Bust

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From WKSU:
Alan Krupnick is a Senior Fellow at Resources for the Future, a leading Washington, D.C. research center on energy, environmental and other issues since the Truman Administration.  
Fits and starts 
He says the Utica play, like nearly all emerging enterprises, will have ups and downs, but its economic drivers for the long-term are strong in many sectors such as in the area of spurring direct foreign investment in the U.S. 
“Companies, let’s say, in Europe, trying to decide where their new plants should be are starting to locate in the United States because our natural gas is a lot cheaper. And it’s also a lot more stable, given the problems Europe has in keeping its supplies from Russia."




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