Hausman, Catherine; Kellogg, Ryan - National Bureau of Economic Research (NBER) - 2015
gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper … the shale gas revolution led to an increase in welfare for natural gas consumers and producers of $48 billion per year …, but more data are needed on the extent and valuation of the environmental impacts of shale gas production. …