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A Retrospective Review of Shale Gas Development in the United States

A Retrospective Review of Shale Gas Development in the United States

Full Title: A Retrospective Review of Shale Gas Development in the United States
Author(s): Zhongmin Wang and Alan Krupnick
Publisher(s): Resources for the Future
Publication Date: April 1, 2013
Full Text: Download Resource
Description (excerpt):

This is the first academic paper that reviews the economic, policy, and technology history of  shale gas development in the United States. The primary objective of the paper is to answer the question  of what led to the shale gas boom in the United States to help inform stakeholders in those countries that  are attempting to develop their own shale gas resources. This paper is also a case study of the incentive,  process, and impact of technology innovations and the role of government in promoting technology  innovations in the energy industry. Our review finds that government policy, private entrepreneurship,  technology innovations, private land and mineral rights ownership, high natural gas prices in the 2000s,  and a number of other factors all made important contributions to the shale gas boom.

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