| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| The Economics of Shale Gas Development |
| Charles F. Mason; Lucija A. Muehlenbachs; Sheila M. Olmstead
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| 发表日期 | 2015
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| 出处 | Energy: Resources and Markets
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| 出版年 | 2015
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| 语种 | 英语
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| 摘要 | In the past decade, innovations in hydraulic fracturing and horizontal drilling have fueled a boom in the production of natural gas (as well as oil) from geological formations – primarily deep shales – in which hydrocarbon production was previously unprofitable. Impacts on U.S. fossil fuel production and the U.S. economy more broadly have been transformative, even in the first decade. The boom has been accompanied by concerns about negative externalities, including impacts to air, water, and quality of life in producing regions. We describe the economic benefits of the shale gas boom, including direct market impacts and positive externalities, providing back-of-the-envelope estimates of their magnitude. The paper also summarizes the current science and economics literatures on negative externalities. We conclude that the likely scope of economic benefits is extraordinarily large, and that continued research on the magnitude of negative externalities is necessary to inform risk-mitigating policies.
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Suggested citation: Mason, C. F., L. A. Muehlenbachs, S. M. Olmstead, (2015), 'The Economics of Shale Gas Development', Nota di Lavoro 17.2015, Milan, Italy: Fondazione Eni Enrico Mattei. |
| 特色分类 | Q4;Q42;Q5
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| 关键词 | Hydraulic Fracturing
Economic Benefits
Positive Externalities
Negative Externalities
Environmental Impacts
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-economics-of-shale-gas-development/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118375
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推荐引用方式
GB/T 7714 |
Charles F. Mason,Lucija A. Muehlenbachs,Sheila M. Olmstead. The Economics of Shale Gas Development. 2015.
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