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This paper provides one of the first detailed surveys of current oil and gas and hydraulic fracturing (also called fracing, fracking, or hydrofracking) regulation. It identifies and compares the environmental laws and regulations that apply to most stages of the oil or gas development process in...
Persistent link: https://www.econbiz.de/10014176008
The modern administrative state recognizes only a limited set of events as triggers of needed regulatory change. Legislatures often direct agencies to act, or administrators independently write rules, when dramatic catastrophes occur or new technologies emerge. This framework ignores a simple...
Persistent link: https://www.econbiz.de/10014158524
Recent domestic growth in oil and gas natural gas production from shales and sandstones called “tight” formations — largely enabled by a modified technology called slickwater hydraulic fracturing — has driven both economic growth and environmental concerns. Public concerns have often...
Persistent link: https://www.econbiz.de/10014162467
There is a long history of self-regulation—governance of firm behavior by private entities—both in the United States and globally, and there is an equally long discussion of self-regulation within the literature. But there has been less attention to the role of self-regulation in spurring...
Persistent link: https://www.econbiz.de/10014076736
The United States faces a critical moment in environmental regulation. As tens of thousands of new unconventional, hydraulically fractured oil and gas wells spring up around the United States, we face a long-term threat of significant soil and water contamination. The current patchwork of state...
Persistent link: https://www.econbiz.de/10014135950
America has a long history of oil and gas extraction, but a relatively new extraction technique called slickwater hydraulic fracturing has captured the attention of the public, academics, agencies, and politicians. The newly-revived focus on domestic oil and gas — and particularly on...
Persistent link: https://www.econbiz.de/10013037277
The United States is in the midst of a boom in natural gas and oil production, much of which has occurred in shale formations around the country. As shale development has expanded — largely as a result of new horizontal drilling and “slickwater” hydraulic fracturing (fracking, fracing, or...
Persistent link: https://www.econbiz.de/10013037289
As the hunt for important unconventional gas resources in America expands, an increasingly popular method of wringing resources from stubborn underground formations is a process called hydraulic fracturing – also described as hydrofracturing, fracking, or fracing – wherein fluids are pumped...
Persistent link: https://www.econbiz.de/10013038887
In recent years, the federal government's efforts to open up competitive electricity markets have transformed how we think about the regulation of energy. In many respects, the Federal Energy Regulatory Commission's (FERC) broad “deregulatory” efforts, which commenced in the 1990s, might...
Persistent link: https://www.econbiz.de/10012917493
America faces a growing energy challenge. We require energy for our every activity, yet we increasingly recognize that there are no easy energy solutions. Reliance upon traditional fossil fuels - many of them imported-jeopardizes our national security and releases harmful emissions, yet...
Persistent link: https://www.econbiz.de/10013131293