Making the Best of New Energy Resources in the United States:
Since around 2007, the country has been enjoying an "energy renaissance" thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United State...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2014
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1147 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Since around 2007, the country has been enjoying an "energy renaissance" thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United States, boosting competitiveness. In order to reap the benefits fully, significant investment is needed. Federal and state governments capture some of the resource rents, but there are potential opportunities to increase taxation and use the revenues to support future well-being. Taxing natural resource rents with profit taxes can be less distortionary than other forms of taxation, though only one state uses this form of tax. Production of shale resources, like other forms of resource extraction, poses a number of challenges for the environment. Respecting demands on water resources requires adequate water rights are in place while state and federal regulators need to monitor the environmental impact of hydraulic fracturing closely and strengthen regulations as needed. Natural gas is a potential "bridge fuel" towards a lower carbon economy, helping to reduce emissions by leading to a substitution away from coal. Flanking measures are desirable to counter natural gas hindering renewables and low prices stymieing innovation. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/United States). |
| Beschreibung: | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5jz0zbb8ksnr-en |
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| spelling | Sutherland, Douglas VerfasserIn aut Making the Best of New Energy Resources in the United States Douglas, Sutherland = Capital naturel aux États-Unis / Douglas, Sutherland Capital naturel aux États-Unis Paris OECD Publishing 2014 1 Online-Ressource (40 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1147 Since around 2007, the country has been enjoying an "energy renaissance" thanks to its abundant stocks of shale oil and gas. The resurgence in oil and gas production is beginning to create discernible economic impacts and has changed the landscape for natural gas prices in the United States, boosting competitiveness. In order to reap the benefits fully, significant investment is needed. Federal and state governments capture some of the resource rents, but there are potential opportunities to increase taxation and use the revenues to support future well-being. Taxing natural resource rents with profit taxes can be less distortionary than other forms of taxation, though only one state uses this form of tax. Production of shale resources, like other forms of resource extraction, poses a number of challenges for the environment. Respecting demands on water resources requires adequate water rights are in place while state and federal regulators need to monitor the environmental impact of hydraulic fracturing closely and strengthen regulations as needed. Natural gas is a potential "bridge fuel" towards a lower carbon economy, helping to reduce emissions by leading to a substitution away from coal. Flanking measures are desirable to counter natural gas hindering renewables and low prices stymieing innovation. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/United States). Energy Taxation Economics United States FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5jz0zbb8ksnr-en Volltext |
| spellingShingle | Sutherland, Douglas Making the Best of New Energy Resources in the United States Energy Taxation Economics United States |
| title | Making the Best of New Energy Resources in the United States |
| title_alt | Capital naturel aux États-Unis |
| title_auth | Making the Best of New Energy Resources in the United States |
| title_exact_search | Making the Best of New Energy Resources in the United States |
| title_full | Making the Best of New Energy Resources in the United States Douglas, Sutherland = Capital naturel aux États-Unis / Douglas, Sutherland |
| title_fullStr | Making the Best of New Energy Resources in the United States Douglas, Sutherland = Capital naturel aux États-Unis / Douglas, Sutherland |
| title_full_unstemmed | Making the Best of New Energy Resources in the United States Douglas, Sutherland = Capital naturel aux États-Unis / Douglas, Sutherland |
| title_short | Making the Best of New Energy Resources in the United States |
| title_sort | making the best of new energy resources in the united states |
| topic | Energy Taxation Economics United States |
| topic_facet | Energy Taxation Economics United States |
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