G2TT
来源类型Working Paper
规范类型论文
The Economics of Shale Gas Development
Charles Mason; Lucija Anna Muehlenbachs; Sheila M. Olmstead
发表日期2014-11-24
出版年2014
页码DP 14-42-REV
语种英语
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 formation—primarily deep shale—in which hydrocarbon production was previously unprofitable. Impacts on US fossil fuel production and the US 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.

 

主题Energy and Electricity
子主题Natural Gas ; Shale Gas
URLhttp://www.rff.org/research/publications/economics-shale-gas-development
来源智库Resources for the Future (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/41337
推荐引用方式
GB/T 7714
Charles Mason,Lucija Anna Muehlenbachs,Sheila M. Olmstead. The Economics of Shale Gas Development. 2014.
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