This article was written
by Alex Abboud. It originally appeared on his blog and was reprinted with permission.
They’re going to be making steel in Youngstown again. Taken in isolation, this is great news, pointing to progress in an area that has struggled economically for the past 3-4 decades, and – as the story linked above – points out, lost half its population since 1950.
The steel mill, however, will be producing parts to use in hydraulic fracturing, fracking for short. This process is gaining support in the midwest as a means of economic recovery, through extracting natural gas found in the Marcellus Shale Formation.
Much of my interest in writing about this subject comes from a desire to know more about it. Instinctively, I question whether investing in non-renewable energy is the best long-term strategy for any region. There are renewable energy opportunities in Ohio and the Midwest, and places like Austin, Texas are investing in clean energy manufacturing, which might put them even further ahead in the long run.
Lending more support to the clean energy apporach is the increasing number of signs that solar energy will be price competitive soon – this map says in about 12 years for the major Ohio cities, and sooner for much of the rest of the United States. Cities and regions that are investing now are likely to have a leg up going forward.
Leaving the economy aside for a moment, there are serious environmental concerns about the process (Wikipedia has a well-sourced list, and the pros-cons are well-debated here), most of which would have their effect felt close to home. The public health and safety concerns of residents shouldn’t be overlooked or underestimated.
Deindustrialization of Youngstown is well-document, and I can’t begin to understand the affect this has had on the region. Coming from a region with a resource-heavy economy that has experienced booms and busts in my lifetime, I can empathize. The immediate economic returns of resources – in particular energy – are hard to resist. Given the history of the past few decades, and in light of the recession of the past few years, I don’t fault any citizen or city in that region for jumping at a possibility for economic growth.
But resources and their boom/bust cycles cause instability, and I think most citizens want predictable, reliable economic growth. Would clean/green industry, or other paths to economic development be a better investment in the long run? There are lots of possibilities for the Midwest, and many urban enthusiasts – including myself and the author of this excellent post – have been pleasantly surprised by what we found when visiting cities like Cleveland. Fracking might be the option right now, but I’m thinking a bright future for former industrial centers may come from other sources.