I guarantee that those communities shale drilling/fracking is practiced in are going to have a number of environmental concerns in the coming years, besides the total collapse of those regions once that oil money drys up. Trust, I can write stories about both chemical contamination and decimation of an entire state when the primary money cow dries up but whatever.

Additionally, cheap gas/oil prices discourages investment in alternative energies, and at some point the fossil fuel supplies will be gone.

In the short run? It's nice...very nice, but ultimately it hides bigger issues that should be addressed sooner rather than later.