The Political Economy of Fracking: Private Property, Polycentricity, and the Shale Revolution
Over the past two decades, "fracking" has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool's gold. Critics contend that the shale boom has occurred in a re...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Milton
Routledge
2018
|
| Schriftenreihe: | Economics in the Real World Ser
Economics in the Real World Ser |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Over the past two decades, "fracking" has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool's gold. Critics contend that the shale boom has occurred in a regulatory Wild West, that the response has been fractured and ineffective, or that the harmful environmental and health consequences exceed the benefits from shale gas production. The Political Economy of Fracking argues that the criticism of the shale revolution has been misplaced. The authors use insights from a diversity of perspectives in political economy to understand why the shale boom occurred, who won in the race for shale, and who was left behind. The book explains how private property rights and entrepreneurs led to the shale boom. It contends that polycentric governance, which encourages a diversity of regulatory responses, is a virtue because it generates knowledge about the most appropriate ways to regulate shale development. Private property rights and political institutions that provide for local self-governance also helped to ensure that the benefits of shale gas production exceeded its costs. The authors make the case for fracking shale gas using evidence from shale-producing countries from around the world, comparing them to those that have fallen behind in the shale race. They show that private property rights and markets have been a source of innovation and dynamism and that a diversity of regulatory responses is appropriate to govern shale gas development. This book is insightful reading for academics and professionals interested in the shale boom, the fracking industry in general, and regulatory policy |
| Beschreibung: | 1 online resource (187 pages) |
| ISBN: | 9780429852718 0429852711 9780429852701 0429852703 9780429852695 042985269X 9780429456763 042945676X |
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| index_date | 2024-07-03T15:58:06Z |
| indexdate | 2024-07-10T09:00:00Z |
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| spelling | Murtazashvili, Ilia Verfasser aut The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution Milton Routledge 2018 1 online resource (187 pages) txt rdacontent c rdamedia cr rdacarrier Economics in the Real World Ser Over the past two decades, "fracking" has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool's gold. Critics contend that the shale boom has occurred in a regulatory Wild West, that the response has been fractured and ineffective, or that the harmful environmental and health consequences exceed the benefits from shale gas production. The Political Economy of Fracking argues that the criticism of the shale revolution has been misplaced. The authors use insights from a diversity of perspectives in political economy to understand why the shale boom occurred, who won in the race for shale, and who was left behind. The book explains how private property rights and entrepreneurs led to the shale boom. It contends that polycentric governance, which encourages a diversity of regulatory responses, is a virtue because it generates knowledge about the most appropriate ways to regulate shale development. Private property rights and political institutions that provide for local self-governance also helped to ensure that the benefits of shale gas production exceeded its costs. The authors make the case for fracking shale gas using evidence from shale-producing countries from around the world, comparing them to those that have fallen behind in the shale race. They show that private property rights and markets have been a source of innovation and dynamism and that a diversity of regulatory responses is appropriate to govern shale gas development. This book is insightful reading for academics and professionals interested in the shale boom, the fracking industry in general, and regulatory policy Gas wells / Hydraulic fracturing / Government policy Hydraulic fracturing / Law and legislation Shale gas industry Piano, Ennio Sonstige oth https://www.taylorfrancis.com/books/9780429456763 Verlag URL des Erstveroeffentlichers Volltext |
| spellingShingle | Murtazashvili, Ilia The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution Gas wells / Hydraulic fracturing / Government policy Hydraulic fracturing / Law and legislation Shale gas industry |
| title | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_auth | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_exact_search | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_exact_search_txtP | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_full | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_fullStr | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_full_unstemmed | The Political Economy of Fracking Private Property, Polycentricity, and the Shale Revolution |
| title_short | The Political Economy of Fracking |
| title_sort | the political economy of fracking private property polycentricity and the shale revolution |
| title_sub | Private Property, Polycentricity, and the Shale Revolution |
| topic | Gas wells / Hydraulic fracturing / Government policy Hydraulic fracturing / Law and legislation Shale gas industry |
| topic_facet | Gas wells / Hydraulic fracturing / Government policy Hydraulic fracturing / Law and legislation Shale gas industry |
| url | https://www.taylorfrancis.com/books/9780429456763 |
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