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Economic Impacts of Unconventional Oil and Gas Development

Economic Impacts of Unconventional Oil and Gas Development

Full Title: Economic Impacts of Unconventional Oil and Gas Development
Author(s): Alan J. Krupnick and Isabel Echarte
Publisher(s): Resources For the Future
Publication Date: June 1, 2017
Full Text: Download Resource
Description (excerpt):

The localized impacts of shale gas and tight oil development are often framed in terms of income, employment, and economic development. These impacts may take various forms: royalty payments to mineral rights owners, the potential for increased direct and indirect job opportunities, increased sales for local businesses, and possible growth in wages for both extraction-related sectors and others due to an increase in the demand for labor. All of these benefits then have indirect and induced benefits to other sectors and the regional economy.

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