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.

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