New Jersey is making out like a bandit on natural gas, achieving consumer savings equal to a 22% state income tax cut – savings that dwarf the gains to oil and gas companies and landowners.

Who benefits most by fracking? If you listened to the natural gas opposition or “fractivists” you’d have to conclude it’s those greedy landowners and even greedier oil and gas companies but that’s not the case. No, the greatest beneficiaries of fracking technology are urban consumers of natural gas.

A hard look at the data, all available at the Energy Information Administration (EIA) website, indicates just one state’s consumers netted over $11.5 billion dollars of savings from the reduced prices achieved through fracking and the opening up of new shale plays made possible by the technology. It’s New Jersey, giving a whole new meaning to the name of their former basketball team (the New Jersey Nets).

http://naturalgasnow.org/fracking-nets-new-jersey-11-5-billion/#mor...