Sunday, August 03, 2008

Please, in My Backyard

While environmentalists argue that drilling in a small section of ANWR might harm the environment, homeowners and other entities throughout north Texas are laughing all the way to the bank as millions, ultimately billions, of dollars pour into their collective pockets through natural gas drilling in the area known as the "Barnett Shale." The story, which is widely discussed and known in the Dallas Fort Worth area, received national attention this week through a story in the Wall Street Journal (Hat Tip: Instapundit).

Last night, as it happens, I sat at a Rangers game last night next to a man who works for a company involved in drilling. A year ago he was in another sort of business. He's thrilled to be where he is now.

As with anything, not everyone is thrilled with the development. For the opposing view, see here. Nonetheless, the development is pouring billions of dollars into the area at a time when the national economy is struggling, and most people are happy to receive the checks for mineral rights.

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