Kristy Foster Seachrist
The Utica shale is no longer a secret and the future is bright for the oil and gas industry through 2020.
Officials, citizens, researchers and business owners from over 30 counties in Ohio and across five states gathered Jan. 31 at the Tuscarawas campus of Kent State University to learn what the Utica shale will look like in 2020.
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Christopher Guith, of the Institute for 21st Century Energy and the U.S. Chamber of Commerce, cautioned the crowd that there is no guarantee about what the shale will bring and said he isn’t convinced Ohio won’t screw it up.
He said that over-regulation and proposed changes in the tax law could slow the progress, and that it is up to citizens to make sure that the shale boom continues.
He said there are plenty of shale plays, in other U.S. and global locations, and if overtaxed or over-regulated, the driller’s bottom line is at stake and they could leave to drill elsewhere.
Guith said it is important that the United States find manufacturing markets for the gas being produced so that there is a market that will keep drillers in the state.
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