Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues

Kelsey, Timothy and Partridge, Mark and White, Nancy (2014): Unconventional Gas and Oil Development in the United States: Economic Experience and Policy Issues.

Abstract

This paper examines the economic experience of past energy booms and of current unconventional shale gas and oil development. It focuses on key economic characteristics of gas and oil development, such as its employment potential, the geography of such development, its boom-bust nature, and the economic experience with shale oil and gas development. This background is used to discuss important economic policy issues arising with unconventional oil and gas development, such as taxation, governmental use of those revenues, preemption, and equity in the distribution of costs and benefits. The paper concludes with economic policy recommendations for states and communities affected by such development.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic impact; Marcellus shale; Bakken shale; natural gas
• Subjects: L - Industrial Organization > L7 - Industry Studies: Primary Products and Construction > L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity

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