Shale energy development has been a lifeline for construction companies and suppliers still struggling to recover from the recession - this was the message Mike Quirk, vice president of product support at Wagner Equipment Co. in Aurora, CO, told a congressional committee May 2. Quirk was testifying at a U.S. House of Representatives Natural Resources Committee Energy & Mineral Resources Subcommittee field hearing in Denver on the jobs and energy security implications of hydraulic fracturing.
Appearing in his capacity as 2012 vice chairman of Associated Equipment Distributors (AED), an international trade association representing construction equipment companies, Quirk spoke about the effect that shale energy production has had on his business and other local equipment dealers.
“Shale energy development has allowed Wagner Equipment Co. to begin to recover from the recession and start to grow once again,” Quirk said. “While the equipment markets on which we previously depended have still not recovered, demand from nontraditional markets, such as hydraulic fracturing, have helped us get our company back on solid footing.”
For more about AED's vice chairman and his speech to Congress about shale energy...
