Economic Benefits Of Fracking

  economic benefits of fracking: The Fracking Debate Daniel Raimi, 2017-12-26 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.
  economic benefits of fracking: Economics of Unconventional Shale Gas Development William E. Hefley, Yongsheng Wang, 2014-12-03 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.
  economic benefits of fracking: Fracking America Walter M. Brasch, 2016-07-22 In his most provocative and in-depth investigation to date, award-winning journalist Walter M. Brasch digs deep into the issue of fracking, and extracts the truth about the process and effects. FRACKING AMERICA is the most extensive and comprehensive look at fracking of any of the books about fracking, with a focus upon how fracking impacts the individual, both those who live near gas wells and those who can be affected but live far from major shale fields. Among the 25 chapters are those that look at health; environment; air and water pollution; economics; the politics and lobbying; agriculture; transportation of gas and its problems; media (how the media report fracking, how the industry and the anti-fracking protestors use the media); the large anti-fracking movement; theological base and climate change; renewable energy.
  economic benefits of fracking: The Politics of Fracking Sarmistha R. Majumdar, 2018-08-29 Over the last decade, the oil and gas industry has garnered a lot of support from the United States federal and state governments in the name of energy independence and economic prosperity. More specifically, hydraulic fracturing or fracking is said to not only make the production of affordable energy possible but also reduce emissions of carbon dioxide by substituting coal with natural gas in the utility sector. Behind the façade of many socio-economic and political benefits, the process of fracking causes serious environmental concerns. Dismissing the negative externalities of fracking simply raises the question, to what extent have communities close to fracking sites been adversely impacted by it? In this book, Sarmistha R. Majumdar studies four communities close to fracking well sites in Texas to help illustrate to what extent fracking regulations have been developed in Texas and how effective these regulations have been in safeguarding the interests of individuals in local communities amidst the lure of economic gains from the extraction of oil and natural gas from shale formations. Majumdar has developed a model to show stage by stage community actions to regain their quality of life and the consequences of their actions, if any, on state and local regulations and ordinances, and the oil and gas industry. This book will be an important resource for scholars of environmental and natural resource politics and policy in the United States.
  economic benefits of fracking: The Political Economy of Fracking Ilia Murtazashvili, Ennio Piano, 2018-12-07 Over the past two decades, fracking has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool’s gold. Critics contend that the shale boom has occurred in a regulatory Wild West, that the response has been fractured and ineffective, or that the harmful environmental and health consequences exceed the benefits from shale gas production. The Political Economy of Fracking argues that the criticism of the shale revolution has been misplaced. The authors use insights from a diversity of perspectives in political economy to understand why the shale boom occurred, who won in the race for shale, and who was left behind. The book explains how private property rights and entrepreneurs led to the shale boom. It contends that polycentric governance, which encourages a diversity of regulatory responses, is a virtue because it generates knowledge about the most appropriate ways to regulate shale development. Private property rights and political institutions that provide for local self-governance also helped to ensure that the benefits of shale gas production exceeded its costs. The authors make the case for fracking shale gas using evidence from shale-producing countries from around the world, comparing them to those that have fallen behind in the shale race. They show that private property rights and markets have been a source of innovation and dynamism and that a diversity of regulatory responses is appropriate to govern shale gas development. This book is insightful reading for academics and professionals interested in the shale boom, the fracking industry in general, and regulatory policy.
  economic benefits of fracking: Hydrofracking Alex Prud'homme, 2014 Hydrofracking: What Everyone Needs to Know is a concise, well-informed primer on one of the most promising yet controversial methods of accessing natural gas and oil. Exploring the promises and pitfalls of fracking, Alex Prud'homme offers an even-handed introduction for an interested general reader.
  economic benefits of fracking: Up to Heaven and Down to Hell Colin Jerolmack, 2021-04-20 A riveting portrait of a rural Pennsylvania town at the center of the fracking controversy Shale gas extraction—commonly known as fracking—is often portrayed as an energy revolution that will transform the American economy and geopolitics. But in greater Williamsport, Pennsylvania, fracking is personal. Up to Heaven and Down to Hell is a vivid and sometimes heartbreaking account of what happens when one of the most momentous decisions about the well-being of our communities and our planet—whether or not to extract shale gas and oil from the very land beneath our feet—is largely a private choice that millions of ordinary people make without the public's consent. The United States is the only country in the world where property rights commonly extend up to heaven and down to hell, which means that landowners have the exclusive right to lease their subsurface mineral estates to petroleum companies. Colin Jerolmack spent eight months living with rural communities outside of Williamsport as they confronted the tension between property rights and the commonwealth. In this deeply intimate book, he reveals how the decision to lease brings financial rewards but can also cause irreparable harm to neighbors, to communal resources like air and water, and even to oneself. Up to Heaven and Down to Hell casts America’s ideas about freedom and property rights in a troubling new light, revealing how your personal choices can undermine your neighbors’ liberty, and how the exercise of individual rights can bring unintended environmental consequences for us all.
  economic benefits of fracking: Man Out Andrew L. Yarrow, 2018-09-11 The story of men who are hurting—and hurting America by their absence Man Out describes the millions of men on the sidelines of life in the United States. Many of them have been pushed out of the mainstream because of an economy and society where the odds are stacked against them; others have chosen to be on the outskirts of twenty-first-century America. These men are disconnected from work, personal relationships, family and children, and civic and community life. They may be angry at government, employers, women, and the system in general—and millions of them have done time in prison and have cast aside many social norms. Sadly, too many of these men are unsure what it means to be a man in contemporary society. Wives or partners reject them; children are estranged from them; and family, friends, and neighbors are embarrassed by them. Many have disappeared into a netherworld of drugs, alcohol, poor health, loneliness, misogyny, economic insecurity, online gaming, pornography, other off-the-grid corners of the internet, and a fantasy world of starting their own business or even writing the Great American novel. Most of the men described in this book are poorly educated, with low incomes and often with very few prospects for rewarding employment. They are also disproportionately found among millennials, those over 50, and African American men. Increasingly, however, these lost men are discovered even in tony suburbs and throughout the nation. It is a myth that men on the outer corners of society are only lower-middle-class white men dislocated by technology and globalization. Unlike those who primarily blame an unjust economy, government policies, or a culture sanctioning laziness, Man Out explores the complex interplay between economics and culture. It rejects the politically charged dichotomy of seeing such men as either victims or culprits. These men are hurting, and in turn they are hurting families and hurting America. It is essential to address their problems. Man Out draws on a wide range of data and existing research as well as interviews with several hundred men, women, and a wide variety of economists and other social scientists, social service providers and physicians, and with employers, through a national online survey and in-depth fieldwork in several communities.
  economic benefits of fracking: Modern Shale Gas Development in the United States , 2009
  economic benefits of fracking: Shale Oil and Gas Vikram Rao, 2015-08-09 The Promise and the Peril
  economic benefits of fracking: Hydraulic Fracturing for Oil and Gas U.s. Environmental Protection Agency, 2017-06-09 This final report provides a review and synthesis of available scientific information concerning the relationship between hydraulic fracturing activities and drinking water resources in the United States. The report is organized around activities in the hydraulic fracturing water cycle and their potential to impact drinking water resources. The stages include: (1) acquiring water to be used for hydraulic fracturing (Water Acquisition), (2) mixing the water with chemical additives to prepare hydraulic fracturing fluids (Chemical Mixing), (3) injecting the hydraulic fracturing fluids into the production well to create fractures in the targeted production zone (Well Injection), (4) collecting the wastewater that returns through the well after injection (Produced Water Handling), and (5) managing the wastewater via disposal or reuse methods (Wastewater Disposal and Reuse). EPA found scientific evidence that hydraulic fracturing activities can impact drinking water resources under some circumstances. The report identifies certain conditions under which impacts from hydraulic fracturing activities can be more frequent or severe.
  economic benefits of fracking: The Green and the Black Gary Sernovitz, 2016-02-23 Gary Sernovitz leads a double life. A typical New York liberal, he is also an oilman - a fact his left-leaning friends let slide until the word fracking entered popular parlance. How can you frack? they suddenly demanded, aghast. But for Sernovitz, the real question is, What happens if we don't? Fracking has become a four-letter word to environmentalists. But most people don't know what it means. In his fast-paced, funny, and lively book, Sernovitz explains the reality of fracking: what it is, how it can be made safer, and how the oil business works. He also tells the bigger story. Fracking was just one part of a shale revolution that shocked our assumptions about fueling America's future. The revolution has transformed the world with consequences for the oil industry, investors, environmentalists, political leaders, and anyone who lives in areas shaped by the shales, uses fossil fuels, or cares about the climate - in short, everyone. Thanks to American engineers' oilfield innovations, the United States is leading the world in reducing carbon emissions, has sparked a potential manufacturing renaissance, and may soon eliminate its dependence on foreign energy. Once again the largest oil and gas producer in the world, America has altered its balance of power with Russia and the Middle East. Yet the shale revolution has also caused local disruptions and pollution. It has prolonged the world's use of fossil fuels. Is there any way to reconcile the costs with the benefits of fracking? To do so, we must start by understanding fracking and the shale revolution in their totality. The Green and the Black bridges the gap in America's energy education. With an insider's firsthand knowledge and unprecedented clarity, Sernovitz introduces readers to the shales - a history-upturning Internet of oil - tells the stories of the shale revolution's essential characters, and addresses all the central controversies. To capture the economic, political, and environmental prizes, we need to adopt a balanced, informed perspective. We need to take the green with the black. Where we go from there is up to us.
  economic benefits of fracking: Reinventing Fire Amory Lovins, 2011-10-15 Imagine fuel without fear. No climate change. No oil spills, no dead coalminers, no dirty air, no devastated lands, no lost wildlife. No energy poverty. No oil-fed wars, tyrannies, or terrorists. No leaking nuclear wastes or spreading nuclear weapons. Nothing to run out. Nothing to cut off. Nothing to worry about. Just energy abundance, benign and affordable, for all, forever. That richer, fairer, cooler, safer world is possible, practical, even profitable-because saving and replacing fossil fuels now works better and costs no more than buying and burning them. Reinventing Fire shows how business-motivated by profit, supported by civil society, sped by smart policy-can get the US completely off oil and coal by 2050, and later beyond natural gas as well. Authored by a world leader on energy and innovation, the book maps a robust path for integrating real, here-and-now, comprehensive energy solutions in four industries-transportation, buildings, electricity, and manufacturing-melding radically efficient energy use with reliable, secure, renewable energy supplies.Popular in tone and rooted in applied hope, Reinventing Fire shows how smart businesses are creating a potent, global, market-driven, and explosively growing movement to defossilize fuels. It points readers to trillions in savings over the next 40 years, and trillions more in new business opportunities.Whether you care most about national security, or jobs and competitive advantage, or climate and environment, this major contribution by world leaders in energy innovation offers startling innovations will support your values, inspire your support, and transform your sense of possibility.Pragmatic citizens today are more interested in outcomes than motives. Reinventing Fire answers this trans-ideological call. Whether you care most about national security, or jobs and competitive advantage, or climate and environment, its startling innovations will support your values, inspire your support, and transform your sense of possibility.
  economic benefits of fracking: Fracking Pennsylvania Walter Brasch, 2014-02 --70% more content than first edition --updated t0 2014 --30 photos and graphics In his most powerful investigation to date, award-winning journalist Walter M. Brasch digs into the natural gas industry and extracts the truth about fracking. This is the long-awaited second edition to the critically-acclaimed first edition that explored all aspects of the controversies surrounding fracking. Hydraulic horizontal fracturing, better known as fracking, is the process of injecting as much as seven million gallons of water, proppants (like silica sand), and toxins into the earth to fracture the shale and extract methane. Politicians want natural gas drillers to come into their states, primarily because of the numbers of well-paying jobs the industry creates, the overall economic benefits, and the lower costs of natural gas to the consumer. Dr. Brasch investigates those claims, and provides an extensive look at the money trail between the industry and the politicians' campaign receipts. Combining both scientific evidence and extensive interviews with those affected by fracking throughout the country, he concludes that errors made by the natural gas industry as well as the process itself have caused significant public health and the environmental problems that also affect agriculture, wildlife, and livestock.
  economic benefits of fracking: The Moral Case for Fossil Fuels Alex Epstein, 2014-11-13 Could everything we know about fossil fuels be wrong? For decades, environmentalists have told us that using fossil fuels is a self-destructive addiction that will destroy our planet. Yet at the same time, by every measure of human well-being, from life expectancy to clean water to climate safety, life has been getting better and better. How can this be? The explanation, energy expert Alex Epstein argues in The Moral Case for Fossil Fuels, is that we usually hear only one side of the story. We’re taught to think only of the negatives of fossil fuels, their risks and side effects, but not their positives—their unique ability to provide cheap, reliable energy for a world of seven billion people. And the moral significance of cheap, reliable energy, Epstein argues, is woefully underrated. Energy is our ability to improve every single aspect of life, whether economic or environmental. If we look at the big picture of fossil fuels compared with the alternatives, the overall impact of using fossil fuels is to make the world a far better place. We are morally obligated to use more fossil fuels for the sake of our economy and our environment. Drawing on original insights and cutting-edge research, Epstein argues that most of what we hear about fossil fuels is a myth. For instance . . . Myth: Fossil fuels are dirty. Truth: The environmental benefits of using fossil fuels far outweigh the risks. Fossil fuels don’t take a naturally clean environment and make it dirty; they take a naturally dirty environment and make it clean. They don’t take a naturally safe climate and make it dangerous; they take a naturally dangerous climate and make it ever safer. Myth: Fossil fuels are unsustainable, so we should strive to use “renewable” solar and wind. Truth: The sun and wind are intermittent, unreliable fuels that always need backup from a reliable source of energy—usually fossil fuels. There are huge amounts of fossil fuels left, and we have plenty of time to find something cheaper. Myth: Fossil fuels are hurting the developing world. Truth: Fossil fuels are the key to improving the quality of life for billions of people in the developing world. If we withhold them, access to clean water plummets, critical medical machines like incubators become impossible to operate, and life expectancy drops significantly. Calls to “get off fossil fuels” are calls to degrade the lives of innocent people who merely want the same opportunities we enjoy in the West. Taking everything into account, including the facts about climate change, Epstein argues that “fossil fuels are easy to misunderstand and demonize, but they are absolutely good to use. And they absolutely need to be championed. . . . Mankind’s use of fossil fuels is supremely virtuous—because human life is the standard of value and because using fossil fuels transforms our environment to make it wonderful for human life.”
  economic benefits of fracking: Environmental and Health Issues in Unconventional Oil and Gas Development Debra A Kaden, Eric Hodek, 2025-09-01 Environmental and Health Issues in Unconventional Oil and Gas Development offers a unique, non-partisan perspective relevant to the use of directional drilling and hydraulic fracturing, presenting clear and frank discussions on implications for a variety of stakeholders involved in unconventional oil and shale gas development. Much has changed since the first edition, including how UOGD is performed, changes in monitoring and control technologies, and new issues raised by both government and non-government stakeholders. The contributing authors address a wide range of relevant topics. The economics of hydraulic fracturing are discussed. Methane emissions, decarbonization, and responsibly sourced gas are explored in depth. The authors also look closely at climate risk and risk mitigation. Water issues are covered with a review of water quality impacts along with waste issues. This is followed by a detailed examination of health and safety in regard to occupational health, public health, risk perception, risk communication, and transportation. Finally, the editors wrap up with important discussions on environmental justice and environmental, social, and corporate governance. Readers will find much to consider and apply to their own work within this reference on the critical environmental issues facing the unconventional oil and gas industry.• Serves as a collective, up-to-date resource for academics and professionals in the oil and gas, environmental, health, and safety industries, as well as environmental scientists and policymakers• Features a multi-disciplinary and expert group of chapter authors from academia, non-governmental organizations, governmental agencies, and the oil and gas industry• Provides thoughtful discussion of the ongoing emissions intensity reduction in unconventional oil and gas from a combination of regulation, technology evolution, and voluntary efforts by operators
  economic benefits of fracking: Microseismic Imaging of Hydraulic Fracturing Shawn Mawell, Society of Exploration Geophysicists, 2014-01-01 Microseismic Imaging of Hydraulic Fracturing: Improved Engineering of Unconventional Shale Reservoirs (SEG Distinguished Instructor Series No. 17) covers the use of microseismic data to enhance engineering design of hydraulic fracturing and well completion. The book, which accompanies the 2014 SEG Distinguished Instructor Short Course, describes the design, acquisition, processing, and interpretation of an effective microseismic project. The text includes a tutorial of the basics of hydraulic fracturing, including the geologic and geomechanical factors that control fracture growth. In addition to practical issues associated with collecting and interpreting microseismic data, potential pitfalls and quality-control steps are discussed. Actual case studies are used to demonstrate engineering benefits and improved production through the use of microseismic monitoring. Providing a practical user guide for survey design, quality control, interpretation, and application of microseismic hydraulic fracture monitoring, this book will be of interest to geoscientists and engineers involved in development of unconventional reservoirs.
  economic benefits of fracking: The Good Hand Michael Patrick F. Smith, 2021-02-16 “A book that should be read . . . Smith brings an alchemic talent to describing physical labor.” —The New York Times Book Review “Beautiful, funny, and harrowing.” – Sarah Smarsh, The Atlantic “Remarkable . . . this is the book that Hillbilly Elegy should have been.” —Kirkus Reviews A vivid window into the world of working class men set during the Bakken fracking boom in North Dakota Like thousands of restless men left unmoored in the wake of the 2008 economic crash, Michael Patrick Smith arrived in the fracking boomtown of Williston, North Dakota five years later homeless, unemployed, and desperate for a job. Renting a mattress on a dirty flophouse floor, he slept boot to beard with migrant men who came from all across America and as far away as Jamaica, Africa and the Philippines. They ate together, drank together, argued like crows and searched for jobs they couldn't get back home. Smith's goal was to find the hardest work he could do--to find out if he could do it. He hired on in the oil patch where he toiled fourteen hour shifts from summer's 100 degree dog days to deep into winter's bracing whiteouts, all the while wrestling with the demons of a turbulent past, his broken relationships with women, and the haunted memories of a family riven by violence. The Good Hand is a saga of fear, danger, exhaustion, suffering, loneliness, and grit that explores the struggles of America's marginalized boomtown workers—the rough-hewn, castoff, seemingly disposable men who do an indispensable job that few would exalt: oil field hands who, in the age of climate change, put the gas in our tanks and the food in our homes. Smith, who had pursued theater and played guitar in New York, observes this world with a critical eye; yet he comes to love his coworkers, forming close bonds with Huck, a goofy giant of a young man whose lead foot and quick fists get him into trouble with the law, and The Wildebeest, a foul-mouthed, dip-spitting truck driver who torments him but also trains him up, and helps Smith make a hand. The Good Hand is ultimately a book about transformation--a classic American story of one man's attempt to burn himself clean through hard work, to reconcile himself to himself, to find community, and to become whole.
  economic benefits of fracking: The Economics of World War I Stephen Broadberry, Mark Harrison, 2005-09-29 This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.
  economic benefits of fracking: Snake Oil Richard Heinberg, 2014-03-24 The rapid spread of ‘fracking’ (hydraulic fracturing) has temporarily boosted natural gas and oil production, particularly in the USA, but it has also sparked a massive environmental backlash in local communities. The fossil fuel industry is promoting fracking as the biggest energy development of the century, with seductive promises of energy independence and benefits to local economies. Snake Oil casts a critical eye on the oil-industry hype that has hijacked the discussion over energy security. This is the first book to look at fracking from both economic and environmental perspectives, informed by the most thorough analysis of shale gas and oil drilling data ever undertaken. Is fracking the miracle cure-all to our energy ills, or a costly distraction from the necessary work of reducing our fossil fuel dependence?
  economic benefits of fracking: Agricultural Resources and Environmental Indicators Keith Daniel Wiebe, Noel Ray Gollehon, 2007 This book describes trends in resources used in and affected by agricultural production (including natural, produced, and management resources), as well as the economic conditions and policies that influence agricultural resource use and its environmental impacts. Each chapter provides a concise overview of a specific topic with links to sources of additional information.
  economic benefits of fracking: Portfolio Selection and Asset Pricing Shouyang Wang, Yusen Xia, 2012-12-06 In our daily life, almost every family owns a portfolio of assets. This portfolio could contain real assets such as a car, or a house, as well as financial assets such as stocks, bonds or futures. Portfolio theory deals with how to form a satisfied portfolio among an enormous number of assets. Originally proposed by H. Markowtiz in 1952, the mean-variance methodology for portfolio optimization has been central to the research activities in this area and has served as a basis for the development of modem financial theory during the past four decades. Follow-on work with this approach has born much fruit for this field of study. Among all those research fruits, the most important is the capital asset pricing model (CAPM) proposed by Sharpe in 1964. This model greatly simplifies the input for portfolio selection and makes the mean-variance methodology into a practical application. Consequently, lots of models were proposed to price the capital assets. In this book, some of the most important progresses in portfolio theory are surveyed and a few new models for portfolio selection are presented. Models for asset pricing are illustrated and the empirical tests of CAPM for China's stock markets are made. The first chapter surveys ideas and principles of modeling the investment decision process of economic agents. It starts with the Markowitz criteria of formulating return and risk as mean and variance and then looks into other related criteria which are based on probability assumptions on future prices of securities.
  economic benefits of fracking: Forging Industrial Policy Frank Dobbin, 1994 This book explores 19th-century railroad policies in the United States, France, and Britain to identify the roots of nations' modern industrial policy styles.
  economic benefits of fracking: The Frackers Gregory Zuckerman, 2013 Meet the Frackers. George Mitchell, the son of a Greek goatherder, who tried to extract gas from rock that experts deemed worthless. He faced an unexpected obstacle in his quest to change history. Aubrey McClendon, the charismatic descendant of an Oklahoma energy dynasty, who scored bil­lions leading a land grab. He wasn't prepared for the shocking fallout of his discoveries. Tom Ward, who overcame a troubled childhood to become one of the nation's wealthiest men. He could handle natural-gas fields but had more trouble with a Wall Street power broker. Harold Hamm, the son of poor farmer, who believed America had more oil than anyone imagined. Hamm was determined to find the crude before others caught on. Charif Souki, the dashing Lebanese immigrant who saw his career crumble and his fortune disintegrate, leaving one last, unlikely chance for success. Mark Papa, the Enron castoff who panicked when he realized a resurgence of American natural gas was at hand: one that his company wasn't prepared for. Praise for The Greatest Trade Ever 'Simply terrific. Easily the best of the post-crash financial books.' Malcolm Gladwell 'The definitive account of a strange and wonderful subplot of the financial crisis.' Michael Lewis 'Zuckerman is a first-rate reporter who is able to explain the complexities of finance in layman's terms. At times, The Greatest Trade Ever reads like a thriller.' The New York Times
  economic benefits of fracking: Fueling Resistance Kate J. Neville, 2021-01-18 A series of concurrent pressures in the early 2000s--climate change, financial system crashes, economic development in rural regions, and shifts in geopolitics--intensified interest in alternative energy production. At the same time, rising oil prices rendered alternative fuels a more economically viable option. Among these energy sources, liquid biofuels (bioethanol and biodiesel) and natural gas derived from hydraulic fracturing (fracking) took center stage as promising commodities and technologies. But controversy quickly erupted in surprisingly similar ways around both renewable fuels. Global enthusiasm for these fuels--and the widespread projections for their production around the world--collided with local politics in debates over food versus fuel and concerns over land grabs. What seemed, from a global perspective, like empty lands ripe for development were, to rural communities, vibrant and already contested spaces. As proposals for biofuels and fracking landed in specific communities and ecosystems, they reignited and reshaped old disputes over land, water, and decision-making authority. Fueling Resistance offers an account of how and why controversies over these different fuels unfolded in surprisingly similar ways in the global North and South. To explain these convergent dynamics of contention and resistance, Kate J. Neville argues that the emergence of grievances and the patterns of resistance to new fuel technologies depends less on the type of energy developed (renewable versus fossil fuel) than on intersecting elements of the political economy of energy: finance, ownership, and trade relations. As local commodities enter global supply chains and are integrated into existing corporate structures, opportunities arise to broker connections between otherwise disparate communities. Neville looks at biofuels in Kenya and fracking in the Canadian Yukon and shows how organizers connect specific energy projects to broader issues of globalization, climate, food, water, and justice. Taken together, the intersecting elements of the political economy of energy shape the contentious politics of biofuels and fracking at both local and global scales, and help explain how and why particular mechanisms of contention emerge at different times and places.
  economic benefits of fracking: Induced Seismicity Potential in Energy Technologies National Research Council, Division on Earth and Life Studies, Board on Earth Sciences and Resources, Committee on Seismology and Geodynamics, Committee on Geological and Geotechnical Engineering, Committee on Earth Resources, Committee on Induced Seismicity Potential in Energy Technologies, 2013-08-14 In the past several years, some energy technologies that inject or extract fluid from the Earth, such as oil and gas development and geothermal energy development, have been found or suspected to cause seismic events, drawing heightened public attention. Although only a very small fraction of injection and extraction activities among the hundreds of thousands of energy development sites in the United States have induced seismicity at levels noticeable to the public, understanding the potential for inducing felt seismic events and for limiting their occurrence and impacts is desirable for state and federal agencies, industry, and the public at large. To better understand, limit, and respond to induced seismic events, work is needed to build robust prediction models, to assess potential hazards, and to help relevant agencies coordinate to address them. Induced Seismicity Potential in Energy Technologies identifies gaps in knowledge and research needed to advance the understanding of induced seismicity; identify gaps in induced seismic hazard assessment methodologies and the research to close those gaps; and assess options for steps toward best practices with regard to energy development and induced seismicity potential.
  economic benefits of fracking: Sociological Studies of Environmental Conflict Sebahattin Ziyanak, Mehmet Soyer, Dian Jordan, 2019-11-15 The environmental studies about natural resource issues are often studied as conflicts; this book is carefully designed to expound on how resolutions are negotiated and maintained. A number of factors influence how conflicts are framed and how resolutions are determined regarding fracking, shared waters and environmental threats. This book explores the power, community activism, and politics regarding natural resources. Decisions often ignore ecological and social sustainability stewardship needs. By understanding how socio-political dynamics affect policy and negotiation, this book also contributes to the understanding of how natural resource policies are negotiated. It illuminates social inequalities between rural and urban populations.
  economic benefits of fracking: Climate Capitalism L. Hunter Lovins, Boyd Cohen, 2011-04-12 Believe in climate change. Or don't. It doesn't matter. But you'd better understand this: the best route to rebuilding our economy, our cities, and our job markets, as well as assuring national security, is doing precisely what you would do if you were scared to death about climate change. Whether you're the head of a household or the CEO of a multinational corporation, embracing efficiency, innovation, renewables, carbon markets, and new technologies is the smartest decision you can make. It's the most profitable, too. And, oh yes—you'll help save the planet. In Climate Capitalism, L. Hunter Lovins, coauthor of the bestselling Natural Capitalism, and the sustainability expert Boyd Cohen prove that the future of capitalism in a recession-riddled, carbon-constrained world will be built on innovations that cutting-edge leaders are bringing to the market today. These companies are creating jobs and driving innovation. Climate Capitalism delivers hundreds of indepth case studies of international corporations, small businesses, NGOs, and municipalities to prove that energy efficiency and renewable resources are already driving prosperity. While highlighting business opportunities across a range of sectors—including energy, construction, transportation, and agriculture technologies—Lovins and Cohen also show why the ex–CIA director Jim Woolsey drives a solar-powered plugin hybrid vehicle. His bumper sticker says it all: Osama bin Laden hates my car. Corporate executives, entrepreneurs, environmentalists, and concerned citizens alike will find profitable ideas within these pages. In ten information-packed chapters, Climate Capitalism gives tangible examples of early adopters across the globe who see that the low-carbon economy leads to increased profits and economic growth. It offers a clear and concise road map to the new energy economy and a cooler planet.
  economic benefits of fracking: An Independent Scientific Assessment of Well Stimulation in California Ccst, 2015-01-01
  economic benefits of fracking: The Power Surge Michael Levi, 2014-10 Looks at the clash between gas/oil proponents and supports of alternative energies and offers a plan for the future that combines the best of both worlds.
  economic benefits of fracking: When Fracking Comes to Town Sabina E. Deitrick, Ilia Murtazashvili, 2022-01-15 When Fracking Comes to Town traces the response of local communities to the shale gas revolution. Rather than cast communities as powerless to respond to oil and gas companies and their landmen, it shows that communities have adapted their local rules and regulations to meet the novel challenges accompanying unconventional gas extraction through fracking. The multidisciplinary perspectives of this volume's essays tie together insights from planners, legal scholars, political scientists, and economists. What emerges is a more nuanced perspective of shale gas development and its impacts on municipalities and residents. Unlike many political debates that cast fracking in black-and-white terms, this book's contributors embrace the complexity of local responses to fracking. States adapted legal institutions to meet the new challenges posed by this energy extraction process while under-resourced municipal officials and local planning offices found creative ways to alleviate pressure on local infrastructure and reduce harmful effects of fracking on the environment. The essays in When Fracking Comes to Town tell a story of community resilience with the rise and decline of shale gas production. Contributors: Ennio Piano, Ann M. Eisenberg, Pamela A. Mischen, Joseph T. Palka, Jr., Adelyn Hall, Carla Chifos, Teresa Córdova, Rebecca Matsco, Anna C. Osland, Carolyn G. Loh, Gavin Roberts, Sandeep Kumar Rangaraju, Frederick Tannery, Larry McCarthy, Erik R. Pages, Mark C. White, Martin Romitti, Nicholas G. McClure, Ion Simonides, Jeremy G. Weber, Max Harleman, Heidi Gorovitz Robertson
  economic benefits of fracking: Rockonomics Alan Krueger, 2020-08-20
  economic benefits of fracking: Corporate Social Responsibility in the Post-Financial Crisis Era Anastasios Theofilou, Georgiana Grigore, Alin Stancu, 2016-12-10 Bringing together normative and instrumental CSR conceptualizations, practice based examples and international case studies, this edited volume brings together important contributions on the conceptualizations of CSR post financial crisis. Including coverage of a variety of practices in developing and developed contexts, industry-specific activities, business ethics and sustainable development issues, Corporate Social Responsibility in the Post-Financial Crisis brings together a variety of perspectives to provide knowledge and understanding across contexts.
  economic benefits of fracking: Essentials of Hydraulic Fracturing Ralph W. Veatch, George E. King, Stephen A. Holditch, 2017 Hydraulic fracturing was first developed in the United States during the 1940s and has since spread internationally. A proven technology that is reaching deeper and tighter formations, hydraulic fracturing now delivers hydrocarbons from fields previously considered economically unviable. Essentials of Hydraulic Fracturing focuses on consolidating the fundamental basics of fracturing technology with advances in extended horizontal wellbores and fracturing applications. It provides the essentials required to understand fracturing behavior and offers advice for applying that knowledge to fracturing treatment design and application. Essentials of Hydraulic Fracturingis a long-awaited text for petroleum engineering students, industry-wide hydraulic fracturing training courses or seminars, and practicing fracturing treatment engineers. Features include: Understanding of fracture propagation geometry and fracture conductivity and how it affects treatment results A focus on safety and environmental prudence Economic optimization of fracturing treatments Fracturing fluid system and propping agent performance Important considerations in designing the fracture treatment for both vertical and horizontal wellbores Algorithms and examples pertinent to treatment design and analysis Pre- and post-fracturing approaches and diagnostics for evaluating treatment performance Hydraulic fracturing model construction and applicability Comparative design examples Construction of spreadsheet calculations key to treatment designs
  economic benefits of fracking: Saudi America Bethany McLean, 2018 Argues that obtaining energy through the hydraulic fracturing of shale rock is based on unstable economic foundations, and is having much more destructive effects on the economy and the government of the United States than its advocates claim--
  economic benefits of fracking: Superpower Russell Gold, 2020-11-10 Meet Michael Skelly, the man boldly harnessing wind energy that could power America’s future and break its fossil fuel dependence in this “essential, compelling look into the future of the nation’s power grid” (Bryan Burrough, author of The Big Rich). The United States is in the midst of an energy transition. We have fallen out of love with dirty fossil fuels and want to embrace renewable energy sources like wind and solar. A transition from a North American power grid that is powered mostly by fossil fuels to one that is predominantly clean is feasible, but it would require a massive building spree—wind turbines, solar panels, wires, and billions of dollars would be needed. Enter Michael Skelly, an infrastructure builder who began working on wind energy in 2000 when many considered the industry a joke. Eight years later, Skelly helped build the second largest wind power company in the United States—and sold it for $2 billion. Wind energy was no longer funny—it was well on its way to powering more than 6% of electricity in the United States. Award-winning journalist, Russel Gold tells Skelly’s story, which in many ways is the story of our nation’s evolving relationship with renewable energy. Gold illustrates how Skelly’s company, Clean Line Energy, conceived the idea for a new power grid that would allow sunlight where abundant to light up homes in the cloudy states thousands of miles away, and take wind from the Great Plains to keep air conditioners running in Atlanta. Thrilling, provocative, and important, Superpower is a fascinating look at America’s future.
  economic benefits of fracking: Shale Play Julia Kasdorf, 2018 Explores, in poetry and photographs, the effects of the natural gas boom and fracking in the small towns, fields, and forests of Appalachian Pennsylvania.
  economic benefits of fracking: Experience Curves for Energy Technology Policy Organisation for Economic Co-operation and Development, International Energy Agency, 2000 The fact that market experience improves performance and reduces prices is well known and widely exploited in technology-intensive industries, but sparsely used in analysis for energy technology policy. Knowledge of the experience effect can help in the design of efficient programmes for deploying of environment-friendly technologies. The effect must be taken into account when estimating the future costs of achieving targets, including targets for carbon dioxide reduction. This book discusses issues raised by the experience effect, such as price-cost cycles, competition for learning opportunities in the market, risk of technology lockout and the effects of research, development and deployment policies on technology learning. Case studies illustrate how experience curves can be used to set policy targets and to design policy measures that will encourage both investment in and use of environment-friendly energy technologies. Low-cost paths to stabilising CO2 emissions are explored.
  economic benefits of fracking: The Future of Shale: The US Story and Its Implications ,
  economic benefits of fracking: Walk the Wire David Baldacci, 2020-04-16 Remember his name: FBI Agent Amos Decker is back in a thrilling memory man investigation from number one bestseller, David Baldacci. A town with a secret. A lone hunter discovers the remains of a woman in North Dakota’s Badlands. She appears to have had a post-mortem performed on her reminiscent of those only seen on TV shows – but this time, there was no slab, morgue or camera in sight. A victim without a past. The reason why Irene Cramer’s death merits an FBI investigation becomes rapidly clear when key questions surface about her mysterious past. Little is known about this school teacher, where she came from or her true identity. She clearly had something to hide. A hero with a unique skill. FBI investigator, Amos Decker and his colleague, Alex Jamison, are summoned to seek answers in the local community of London, North Dakota, which sits at the very heart of the fracking industry. Enriched with oil money, jealousy and a deep-set rivalry lie beneath a veneer of glitz and opulence. Decker soon realizes that the nearby ‘eye in the sky’, the Air Force Station, may hold the vital clues and that this town holds secrets so explosive that they could destabilize the entire country . . Walk the Wire by David Baldacci is the sixth book in the Amos Decker series. Continue the investigative thrillers with Long Shadows. Once read, never forgotten.
API_Fracking two-pager_final_
A ban on fracking could raise costs significantly for American families and manufacturers, profoundly damage the U.S. economy, diminish our geopolitical influence, and severely …

Maximizing the Economic Benefits of Hydraulic Fracturing …
Aug 11, 2020 · Executive Summary: Over the past two decades, hydraulic fracturing, commonly known as ‘fracking’, in Colorado has increased crude oil and natural gas production …

Economic and National Security Impacts under a Hydraulic …
These price hikes would have a crippling economic effect through increased household energy bills, higher fuel costs for industrial and commercial customers, higher and more frequent …

Fracking, Drilling, and Asset Pricing: Estimating the Economic …
This innovation, which in-volves a combination of two previously known technologies, hydraulic fracturing (\fracking") and horizontal drilling, in the matter of a few years has fundamentally …

Costs, benefits, and the malleability of public support for …
Jul 7, 2016 · Despite the touted economic bene ts, fracking has emerged as a fi highly polarizing issue in modern politics, since the extraction of unconventional natural gas reserves in the …

Geographic Dispersion of Economic Shocks: Evidence from …
We use the fracking revolution to study how income and employment shocks propagate over time and across geography and industries. We use a comprehensive data set of oil and natural gas …

Fracking_Factsheet lower size - ecologyaction.ca
This proposal is driven by the belief that fracking could provide economic benefits and reduce the threat of American tariffs (Bousquet, 2025). However, the risks posed by lifting the moratorium …

Water, Economics, Ethics, and Fracking: A Cost-Benefit …
ECONOMIC IMPACT Although hydraulic fracturing can lead to significant economic gains, as seen in Pennsylvania and North Dakota, the long term costs seem to exceed the short-term …

Study suggests hydraulic fracturing boosts local economies
In the last decade, hydraulic fracturing, or fracking, has helped deliver lower energy prices, enhanced energy security, and lowered air pollution and greenhouse gas emissions. But there …

THE ENVIRONMENTAL COSTS AND BENEFITS OF FRACKING
Unconventional oil and natural gas extraction fueled by horizontal drilling and hydraulic fracturing (fracking) is driving an economic boom, with consequences described as “revolutionary” to …

ENIRONENTA BENEFITS OF HDRAUIC FRACTURING AND …
NTAL BENEFITS OF HYDRAULIC FRACTURING AND HORIZONTAL DRILLING While the combination of hydraulic fracturing and horizontal drilling are best known for helping make the …

Cornucopia or Curse? Reviewing the Costs and Benefits of …
Feb 20, 2022 · quak and, when externalities are accounted for, produce more net economic costs than benefits. This means that “hydraulic fracturing and horizontal drilling of shale gas plays is …

The Local Economic and Welfare Consequences of Hydraulic …
Exploiting geological variation and timing in the initiation of hydraulic fracturing, we find that fracking leads to sharp increases in oil and gas recovery and improvements in a wide set of …

Local public fiscal effects of fracking: The case of Texas
This paper continues with a description of the literature on the effects of fracking, subdivided into the effects on local public revenues, local public expenditures, potential local public fiscal …

Ethical Reflections on Fracking - KAIROS
A commission set up by the Quebec government concluded that the economic, social and environmental costs of proceeding with the exploitation of shale gas from the lower Saint …

Fracking brings economic boost, but risks raise concerns
Most Michigan and Pennsylvania residents say fracking is good for the economy, but have concerns about chemicals used and other environmental risks, according to a University of …

The Impact of a Fracking Ban on Shale Production and the …
The Impact of a Fracking Ban on Shale Production and the Economy Michael C. Lynch Distinguished Fellow January 2020 ABOUT THIS PAPER output which has now positioned the …

Fracking_Factsheet - ecologyaction.ca
This proposal is driven by the belief that fracking could provide economic benefits and reduce the threat of American tariffs (Bousquet, 2025). However, the risks posed by lifting the moratorium …

AMERICA’S PROGRESS AT RI - API
¿ Under a fracking and federal leasing ban, net natural gas and oil imports increase the trade deficit by a cumulative $3.1 trillion through 2030.

The Environmental Costs and Benefits of Fracking - Jack…
Unconventional oil and natural gas extraction enabled by horizontal drilling and hydraulic fracturing (fracking) is …

API_Fracking two-pager_final_
A ban on fracking could raise costs significantly for American families and manufacturers, profoundly damage …

Maximizing the Economic Benefits of Hydraulic Fractu…
Aug 11, 2020 · Executive Summary: Over the past two decades, hydraulic fracturing, commonly known as …

Economic and National Security Impacts under a H…
These price hikes would have a crippling economic effect through increased household energy bills, higher fuel …

Fracking, Drilling, and Asset Pricing: Estimating the Eco…
This innovation, which in-volves a combination of two previously known technologies, hydraulic fracturing …