Plunging oil prices threaten growth of Ohio’s shale industry

Columbus Business First reports that plummeting oil prices are threatening to devalue the fruits of shale drilling at a time when Ohio's oil and natural gas industry is trying to find solid footing. The newspaper says that companies and governments operating in the eight counties at the heart of Ohio's shale gas boom are pained by the price drop and preparing for the worst – waning investments by drillers, less consulting work for engineering firms, lower sales tax collections, fewer jobs and drops in spending at stores, restaurants and hotels. For more, read the full story.
 

Ohio