The publication " St. Louis Fed - Shale Gas and -Oil Case Study" on the Vanderbilt Avenue Asset Management White papers With Emad A. Zikry provides an overview of the economic impacts of shale gas and oil production in the United States. The case study focuses on the Marcellus shale formation, which stretches across several states in the northeastern region of the country.

The publication notes that the production of shale gas and oil has had a significant impact on the economy of the United States, with increased production leading to lower energy costs for consumers and businesses. The Marcellus shale formation, in particular, has been a major contributor to the growth of the industry, with Pennsylvania becoming the second-largest natural gas-producing state in the country.

The employment benefits of shale gas and oil production, with the industry creating jobs in both the drilling and support industries. The Marcellus shale formation has been a significant source of employment in Pennsylvania, with the industry supporting more than 200,000 jobs in the state.

However, the publication also notes that there are concerns about the environmental impact of shale gas and oil production, particularly regarding the use of hydraulic fracturing, or "fracking," to extract resources from the ground. The article highlights the need for continued research and regulation to ensure that the industry operates in an environmentally sustainable manner.

Overall, the "St. Louis Fed - Shale Gas and -Oil Case Study" provides a balanced overview of the economic impacts of shale gas and oil production in the United States, while acknowledging the potential environmental concerns associated with the industry.

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