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Fracking in Deutschland — eine Option für die Zukunft!

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  • Kai Konrad
  • Ronnie Schöb

Abstract

Extraction of shale gas in Germany (fracking) is better left as an option for the future. Today, owners of deposits in many other countries have uncertain property rights and extract too quickly. German deposits may appreciate in value if left in the ground. They also better contribute to national energy security there than if extracted and depleted. Waiting also allows Germany to learn from the mistakes of others and to take this new information and the improvements in extraction technology into account when deciding about extraction in the future. Such decisions should not be left to the resource extraction industries. Their objectives are likely to differ from the objective of maximising the rent from the nation’s shale gas. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Kai Konrad & Ronnie Schöb, 2014. "Fracking in Deutschland — eine Option für die Zukunft!," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(9), pages 645-650, September.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:9:p:645-650
    DOI: 10.1007/s10273-014-1728-0
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    More about this item

    Keywords

    O32; O38; Q35; Q38;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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