Economics of Unconventional Shale Gas Development
Economics of Unconventional Shale Gas Development

Author: William E. Hefley

Publisher: Springer

Published: 2014-12-03

Total Pages: 248

ISBN-13: 3319114999

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This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.

The Global Impact of Unconventional Shale Gas Development
The Global Impact of Unconventional Shale Gas Development

Author: Yongsheng Wang

Publisher: Springer

Published: 2016-07-15

Total Pages: 252

ISBN-13: 331931680X

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This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.

The Fracking Debate
The Fracking Debate

Author: Daniel Raimi

Publisher: Columbia University Press

Published: 2017-12-26

Total Pages: 255

ISBN-13: 0231545711

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Over roughly the past decade, oil and gas production in the United States has surged dramatically—thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as “fracking.” This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate directly addresses the most common questions and concerns associated with fracking: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with lessons from his travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse. The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.

An Unworthy Future
An Unworthy Future

Author: Joseph Toomey

Publisher: Archway Publishing

Published: 2014-07-22

Total Pages: 571

ISBN-13: 148080892X

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It is difficult to find an area of public policy more plagued by misunderstanding than energy policy. Even worse, every time the subject is raised, we are obligated to get mired in pointless arguments about the weather. This book helps set the record straight. Not convinced? Consider some of these inconvenient truths: The cost of green energy climate remediation is anywhere from 10-to-1,000 times greater than the damage from the climate change it attempts to alleviate. Germany, the worlds leader in solar energy, will spend more than $280 billion by 2030 on solar subsidies. But all of that investment will only forestall 22nd century global warming by 37 hours. Obamas carbon tax would cost Americans $1.2 trillion over just ten years. But it would only reduce the midrange 3 degree modeled 22nd century global temperature increase by 0.038 degrees Celsius. At their current emissions growth rate, it will take China nine months to replace the entire U.S. emissions cut that Obama wants to achieve over seven years, at a staggering cost in American jobs and lost economic growth. The U.S. biofuel program imposes a cost on consumers 9,862 times greater than any climate benefit they or their distant progeny will ever derive. This is not another skeptical global warming polemic but an economic evaluation of how and why green energy will fail. The world has too many pressing needs. For the money Obama squandered on just a single bankrupt crony solar company, the U.S. could have prevented 300,000 childhood malaria deaths in poor countries. A thoroughly researched, heavily documented book by an expert in his field, it will demonstrate in meticulous detail how wasteful and economically inefficient Obamas green energy dead end future will be compared to other worthy alternatives. Its time to end the hysterical climate cynicism and get on humanitys side.

The Human and Environmental Impact of Fracking
The Human and Environmental Impact of Fracking

Author: Madelon L. Finkel

Publisher: Bloomsbury Publishing USA

Published: 2015-03-24

Total Pages: 272

ISBN-13: 1440832609

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Fracking for gas trapped in shale could be a game changer in the quest to find alternatives to dirty fossil fuels, but it also has potential for harm. This book provides "one-stop shopping" for everyone who wants to know more about the issues. Oil and gas account for a large percentage of the world's energy consumption, and the search for new ways to extract both from the earth is a global quest. Fracking is viewed as an energy game-changer but is a controversial topic about which there is much misunderstanding. This unbiased work was written to bring clarity to the issues. Under the guidance of an internationally recognized public health expert, this book provides a comprehensive look at unconventional natural gas development from many different perspectives. Written for the layperson, the book dispels myths surrounding fracking, corrects misconceptions, and offers impartial, scientifically based information on both benefits and challenges. Readers will learn about the effects fracking has on the environment—our water, air, and climate—as well as on human and animal health. The contributors also look at the economics of fracking and at its socioeconomic impact on local communities and nations. They discuss legal and ethical issues related to the practice and, in keeping with the intent to provide a fair and balanced overview, share the industry perspective as well.

Energy Impacts
Energy Impacts

Author: Jeffrey B. Jacquet

Publisher: University Press of Colorado

Published: 2021-01-01

Total Pages: 364

ISBN-13: 1646420276

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Society and Natural Resources Book Series, copublished with the Society and Natural Resources Press Development of various energy sources continues across North America and around the world, raising questions about social and economic consequences for the places and communities where these activities occur. Energy Impacts brings together important new research on site-level social, economic, and behavioral impacts from large-scale energy development. Featuring conceptual and empirical multidisciplinary research from leading social scientists, the volume collects a broad range of perspectives to understand North America’s current energy uses and future energy needs. Twelve chapters from respected scholars in a variety of disciplines present new ways to consider and analyze energy impact research. Focused on varied energy topics, geographies, and disciplines, each chapter includes a policy brief that summarizes the work and provides “key takeaways” to apply the findings to policy and public discourse. Meaningful public engagement is critical in limiting the negative implications of energy development, and understanding the social influences on and of energy systems is a cornerstone of addressing the climate crisis. As such, Energy Impacts is a significant work for students, scholars, and professionals working in sociology, education, geography, environmental studies, and public health. This material is based upon work supported by the National Science Foundation under Grant No. 1528422. Publication is also supported, in part, by Montana State University. Contributors: Ali Adil, Lisa Bailey-Davis, Nancy Bowen-Elizey, Morey Burnham, Weston Eaton, Heather Feldhaus, Felix Fernando, Emily Grubert, C. Clare Hinrichs, John Hintz, Richard Hirsh, Season Hoard, Tamara Laninga, Eric Larson, Achla Marathe, Natalie Martinkus, Seven Mattes, Ronald Meyers, Patrick Miller, Ethan Minier, Myra Moss, Jacob Mowery, Thomas Murphy, Sevda Ozturk Sari, John Parkins, Christopher Podeschi, Nathan Ratledge, Sanne Rijkhoff, Kelli Roemer, Todd Schenk, Anju Seth, Kate Sherren, Jisoo Sim, Marc Stern, Jessica Ulrich-Schad, Cameron Whitley, Laura Zachary

Taxing Energy
Taxing Energy

Author: Robert T. Deacon

Publisher: Holmes & Meier Publishers

Published: 1990

Total Pages: 184

ISBN-13:

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This study addresses two economic issues relevant to the severance tax: (1) Does California place an abnormally light tax burden on crude oil producers in the state?; (2) What effects would increasing the crude oil severance tax to 6 percent have on California's output, employment, and tax receipts?