The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale |
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| Author:
| Gecan, Ron
Tawil, Natalie
Lasky, Mark |
| ISBN: | 978-1-4578-6529-9 |
| Publication Date: | Jan 2015 |
| Publisher: | DIANE Publishing Company
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| Book Format: | Paperback |
| List Price: | USD $20.00 |
Book Description:
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Recent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources -- that is, crude oil and natural gas trapped in shale and certain other dense rock formations. As a result, the cost of that "tight oil" and "shale gas" has become competitive and the development of shale resources has boomed in the U.S. Shale development has also affected the federal budget, chiefly by increasing tax revenues....
More DescriptionRecent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources -- that is, crude oil and natural gas trapped in shale and certain other dense rock formations. As a result, the cost of that "tight oil" and "shale gas" has become competitive and the development of shale resources has boomed in the U.S. Shale development has also affected the federal budget, chiefly by increasing tax revenues. This production will continue to grow rapidly over the next 10 years. Contents of this report: Hydraulic Fracturing and Shale Resources; Effects on Energy Markets; Effects on Economic Output; Effects on the Federal Budget: Tax Revenues, and Payments for Federally Owned Resources; Effects on the Environment. Tables and figures. This is a print on demand report.