Economic, Environmental, and Health Impacts of the Fracking Boom
Document Type
Article
Publication Date
10-1-2021
Publication Title
Annual Review of Resource Economics
Volume
13
First page number:
311
Last page number:
334
Abstract
The shale gas boom revolutionized the energy sector through hydraulic fracturing (fracking). High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and natural gas development (UOGD). In this review, we systematically outline the environmental, economic, and anthropogenic impacts of UOGD, while also considering the diverse methodological approaches to these topics. We summarize the current status and conclusions of the academic literature, in both economic and related fields, while also providing suggested avenues for future research. Causal inference will continue to be important for the evaluation of UOGD costs and benefits. We conclude that current economic, global, and health forces may require researchers to revisit outcomes in the face of a potential shale bust.
Keywords
Economic externalities; Environmental; Fracking; Hydraulic fracturing
Disciplines
Agricultural and Resource Economics
Language
English
Repository Citation
Black, K.,
Boslett, A. J.,
Hill, E. L.,
Ma, L.,
McCoy, S. J.
(2021).
Economic, Environmental, and Health Impacts of the Fracking Boom.
Annual Review of Resource Economics, 13
311-334.
http://dx.doi.org/10.1146/annurev-resource-110320-092648