Slow down | Arkansas Blog

Friday, May 1, 2009

Slow down

Posted By on Fri, May 1, 2009 at 8:06 AM

From Fort Smith's The City Wire:

Six years of first-quarter growth in U.S. natural gas drilling activity came to an end during the first quarter of 2009, according to The Natural Gas Summary from the American Gas Association.

With natural gas exploration, production and commodity management important to the the Fort Smith regional economy, the April 30 report suggests that the price of natural gas isn’t likely to return to levels that will bring thousands of exploration and production jobs back to Arkansas and the Fort Smith region.

As the number of active rigs continues to decline, the report raises an interesting question about the place natural gas might have in the nation's economic future.  The general consensus is that it would reduce the nation's carbon footprint, but as we've seen in some parts of this state, the extraction of gas can create serious environmental problems.


Sign up for the Daily Update email
Favorite

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Gerard Matthews

Readers also liked…

  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Use of solar on the rise in Arkansas

    With a pivotal ruling expected any day now from the Public Service Commission, Kyle Massey at Arkansas Business reports on the increase in Arkansans adding solar generation units on their homes and business.
    • Apr 13, 2018
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation