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Efficient Environmental Regulation in the Unconventional Oil Industry

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  • Gabriel E. Lade
  • Ivan Rudik

Abstract

US oil production has skyrocketed since 2007. Technological advances in oil and gas drilling (commonly referred to as ‘fracking') have allowed producers to access vast petroleum reserves that were previously too costly to recover. The growth in oil and gas production from unconventional sources has been tremendous, so that unconventional sources now make up more than 50 percent of total US petroleum production. While this represents a boost to job growth and the broader economy, growth in the oil industry comes with its fair share of problems. Some of these costs were seen in Iowa with the contentious nature of right-of-way issues associated with building out the Dakota Access pipeline across the state. Farmers and environmentalists alike are bound together in their concern for right-of-way, human rights concerns, and environmental issues.

Suggested Citation

  • Gabriel E. Lade & Ivan Rudik, 2017. "Efficient Environmental Regulation in the Unconventional Oil Industry," Center for Agricultural and Rural Development (CARD) Publications apr-fall-2017-1, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:apr-fall-2017-1
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    References listed on IDEAS

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    1. Qianrong Wu & Wendong Zhang, 2016. "Of Maize and Markets: China's New Corn Policy," Center for Agricultural and Rural Development (CARD) Publications apr-fall-2016-4, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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