A Seminar co-hosted by Resources for the Future (RFF) and Duke University
Oil and gas development has increased substantially in the United States over the past decade, largely due to production from low-porosity rock formations subjected to hydraulic fracturing and horizontal drilling. This rapid growth has created a variety of opportunities and challenges for local governments across the country.
Experts at this seminar explored the key issues facing local governments in this new era. RFF’s Alan Krupnick described RFF’s Community Impacts Initiative. Richard Newell and Daniel Raimi from Duke University presented the results of their Shale Public Finance project, which examines the fiscal impacts of oil and gas development on local governments in every major producing region of the United States. The seminar also featured comments by Aliza Wasserman of the National Governors Association and further discussion with the presenters and the audience on key findings and implications.