Controversies Regarding Costs, Uncertainties and Benefits Specific to Shale Gas Development

Jianu Daniel Muresan and Mihail Vincentiu Ivan
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Jianu Daniel Muresan: Faculty of Economic Sciences, Department of Business Administration, Petroleum-Gas University of Ploiesti, Bd. Bucuresti, nr. 39, Ploiesti 100680, Romania
Mihail Vincentiu Ivan: Faculty of Economic Sciences, Department of Cybernetics, Economic Informatics, Finance and Accountancy, Petroleum-Gas University of Ploiesti, Bd. Bucuresti, nr. 39, Ploiesti 100680, Romania

Sustainability, 2015, vol. 7, issue 3, 1-17

Abstract: The shale gas exploration and development is now a delicate and controversial subject. It is often assumed that unconventional exploration and extraction automatically brings prosperity for local, national and regional economies. In this paper, we argue that shale gas development requires a contextualized understanding of regional issues. We are also trying to identify the opportunities and the risks of shale gas development in Eastern Europe (referring to Romania’s case) and offer a cost-benefit analysis model that may be of interest to any policymakers and investors.

Keywords: shale gas; cost-benefit analysis; environmental impact; hydraulic fracturing technology; Romania (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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