Issue Brief

The Economic Impacts of the Shale Revolution

Jan 31, 2018 | Daniel Raimi

Summary

Growth in US natural gas and oil production from shale has had major economic impacts at the local, national, and international levels.

Key Findings

  • Economic impacts of shale development have been positive for producing regions.
  • However, these benefits are—and will continue to be—volatile.
  • Economic diversification is an important, but challenging, goal for producing regions.
  • Evidence on the “resource curse” for US communities is mixed.