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Journal Article
Noteworthy: energy: new Texas LNG terminals put on hold
Journal Article
The once and future fuel: Shale gas brings back cheap energy, but what's the risk?
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Journal Article
Production of natural gas from shale in local economies: a resource blessing or curse?
Innovations in the energy sector, particularly the extraction of natural gas from shale and tight gas formations using horizontal drilling and "fracking," have helped increase U.S. reserves of natural gas to an estimated 70 years' worth of supply. Some theories suggest such a boom leads to a local resource "blessing" in employment and a positive spillover into the local economy while others suggest a boom leads to a resource "curse" for industries not related to the energy sector. Brown examines county-level labor market conditions in the central United States and finds a modest ...
Journal Article
Noteworthy: natural gas: glitches point to inflated output data
Natural gas production and consumption data have been drifting apart. Production should equal consumption plus increases or decreases in storage, but sampling and estimation errors typically result in slight discrepancies. Seeing these gaps rise, the Energy Information Administration (EIA) implemented a new methodology with the release of February's production data that should ensure greater accuracy. Estimates for the prior 12 months were revised as well.
Working Paper
Capturing rents from natural resource abundance: private royalties from U.S. onshore oil and gas production
Innovation-spurred growth in oil and gas production from shale formations led the U.S. to become the global leader in producing oil and natural gas. Because most shale is on private lands, drilling companies must access the resource through private lease contracts that provide a share of the value of production ? a royalty ? to mineral owners. We investigate the competitiveness of leasing markets by estimating how much mineral owners capture geologically-driven advantages in well productivity through a higher royalty rate. We estimate that the six major shale plays generated $39 billion in ...
Journal Article
Do energy prices threaten the recovery?
Journal Article
Economic impact of rising natural gas prices