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Natural Gas Extraction: Issues and Policy Options

Natural Gas Extraction: Issues and Policy Options. Presented by Shannon L. Ferrell Larry Sanders Oklahoma State University February 27, 2012. Overview. Background. METHODS. TECHNICAL ASPECTS OF HYDRAULIC FRACTURING. REVIEW OF LITERATURE. OPTIONS & CONSEQUENCES.

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Natural Gas Extraction: Issues and Policy Options

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  1. Natural Gas Extraction:Issues and Policy Options Presented by Shannon L. Ferrell Larry Sanders Oklahoma State University February 27, 2012

  2. Overview

  3. Background METHODS TECHNICAL ASPECTS OF HYDRAULIC FRACTURING REVIEW OF LITERATURE OPTIONS & CONSEQUENCES MECHANICS OF FRACKING BRIEF POLICY/ REGULATORY HISTORY

  4. Issues: Environmental

  5. Issues: Community

  6. Issues: Community

  7. Framework Problem is role of government & responsibility of industry to provide the economic foundation for the preferred quality of life: getting it where, when, how much and at a price we want

  8. Response alternatives and likely consequences • MORE INVOLVEMENT • Higher NG price; supply instability • Air/water protection • Threat to economic development/jobs • Landowner profit opportunities less • Mitigation/public response to concerns funded by severance tax/mandated funds • STATUS QUO • Low NG price • Water quality/quantity uncertainty • Local revenue issues to cover impacts • Economic development/jobs • Boom-bust issues • Landowner profit opportunities • Landowner adverse impacts • Other environmental issues • LESS INVOLVEMENT • Low/lower NG price; increased supply • More adverse environmental/community impacts likely • Less NG for future generations • Higher profit margin for industry • More economic development/jobs

  9. Alternatives: Environmental

  10. Alternatives: Community

  11. Alternatives: Community

  12. Conclusions Much uncertainty about natural gas extraction issues remains All stakeholders have numerous options for action Informed dialog among stakeholders at every level is critical

  13. Thanks! Contact information: shannon.ferrell@okstate.edu larry.sanders@okstate.edu

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