Efficient Environmental Regulation in the Unconventional Oil Industry

Gabriel Lade and Ivan Rudik

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: US oil production has skyrocketed since 2007. Technological advances in oil and gas drilling (commonly referred to as ‘fracking') have allowed producers to access vast petroleum reserves that were previously too costly to recover. The growth in oil and gas production from unconventional sources has been tremendous, so that unconventional sources now make up more than 50 percent of total US petroleum production. While this represents a boost to job growth and the broader economy, growth in the oil industry comes with its fair share of problems. Some of these costs were seen in Iowa with the contentious nature of right-of-way issues associated with building out the Dakota Access pipeline across the state. Farmers and environmentalists alike are bound together in their concern for right-of-way, human rights concerns, and environmental issues.

Date: 2017-11
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-fall-2017-1

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