US Rust Belt Manufacturing Rebounds Via Fracking Boom
schnell writes:
A NY Times article reports that Midwestern "Rust Belt" towns and their manufacturing economies in particular have rebounded greatly due to the U.S. resurgence in fossil fuel production. This resurgence is driven by production of shale gas and natural gas from "fracking" and other new technologies that recover previously unavailable fuel but are more invasive than traditional techniques. "Both Youngstown and Canton are places which experienced nothing but disinvestment for 40 years." "They're not ghost towns anymore," according to the article. But while many have decried the loss of traditional U.S. manufacturing jobs in a globalized world and the associated loss of high-wage, blue collar jobs, do the associated environmental risks of new "tight oil" extraction techniques outweigh the benefits to these depressed economic regions?
But what if doing the fracking causes irreversible damage? Maybe we need to make the mistake to realize it's one, but then it might be too late. Some countries apply the "Principle of precaution", that is, "if you're not sure of the effects of what you're doing, don't fucking do it."