Here's a description of local impacts of the natural gas boom that really brings new urgency to the old message 'there's no such thing as a free lunch' (via the NY Times).
"The drilling boom started in communities like Atoka in Mr. Boren’s district. Mayor Charles A. McCall III was startled when local farmers began showing up at his family-owned bank with giant checks from gas companies. Signing bonuses that were once $200 per acre soared to $2,000 and eventually to $20,000 an acre, in addition to any eventual royalties. 'It was like a lot of people had won the lottery,' Mr. McCall said."
Real estate bubble anyone?