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Achieving Balance Between Economic, Sociodemographic, Environmental, and Regulatory Concerns: A Shale Gas Perspective

In: Economics of Unconventional Shale Gas Development

Author

Listed:
  • Clifford A. Lipscomb

    (Greenfield Advisors LLC)

  • Sarah J. Kilpatrick

    (Greenfield Advisors LLC)

  • Yongsheng Wang

    (Washington and Jefferson College)

  • William E. Hefley

    (University of Pittsburgh)

Abstract

As with the development of any new industry, shale gas development poses opportunities and challenges. Economically, the benefits related to jobs and tax revenues must be balanced against potential costs including environment, property value, litigation, and financing. The shale energy industry must proactively face these challenges and downstream effects. We summarize these challenges and downstream effects and discuss the much needed future research that is related to these difficult questions and could provide comprehensive understanding.

Suggested Citation

  • Clifford A. Lipscomb & Sarah J. Kilpatrick & Yongsheng Wang & William E. Hefley, 2015. "Achieving Balance Between Economic, Sociodemographic, Environmental, and Regulatory Concerns: A Shale Gas Perspective," Natural Resource Management and Policy, in: William E. Hefley & Yongsheng Wang (ed.), Economics of Unconventional Shale Gas Development, edition 127, pages 233-246, Springer.
    • Handle: RePEc:spr:nrmchp:978-3-319-11499-6_10
    DOI: 10.1007/978-3-319-11499-6_10
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