Economy and Business Wednesday, September 5, 2012 A business EXPO that may help avoid the bust How to propser in supporting roles in the natural gas industry by WKSU's TIM RUDELL |
 Reporter Tim Rudell | |
A vortex of boom and bust could be coming with the Utica shale play, and going “mid-stream” may be the best way to navigate it. WKSU’s Tim Rudell reports on a business expo aimed at keeping jobs in Northeast Ohio after the drilling is done. |
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It’s mostly business-to-business. And the two-day Utica & Natural Gas 2012 Expo that begins in Youngstown this week is expected to draw a thousand visitors.
It is the second annual conference. But unlike last year, which focused mostly on fracking, this conference is drilling down on what are called “mid-stream” energy businesses; like processing plants and pipelines. And, it is focused on developing those industries here…as a hedge against fears of an economic bust after the drilling boom. Tony Paglia of the Youngstown/Warren Regional Chamber of Commerce: “Oil and gas drilling takes a finite number of years. But if you have the mid-stream part, and the supply chain…that’s is really what will drive jobs and investment , and give our area long-term prosperity and growth.”
Some mid-streamers are already locating in eastern Ohio, including a half-a-billion-dollars’ worth of natural gas processing plants in Harrison and Belmont counties. |
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