"The U.S. shale boom's local risks"
View on Axios website“Economic Volatility in Oil Producing Regions: Impacts and Federal Policy Options" report co-authored by RFF researchers Daniel Raimi and Alan Krupnick was cited in the Axios Generate weekly newsletter. Raimi was also quoted on his volatility research. Listed below is the full quote:
“The federal government should take new steps to help oil-producing regions navigate boom-and-bust cycles and diversify their economies, two nonpartisan think tanks say in a new report.
Why it matters: The decade-long oil boom has transformed the U.S. into the world’s largest producer. But that growth has increased the number of communities vulnerable to market volatility.
What they found: The report from Resources for the Future and a Columbia University energy think tank suggests two main policies. . . [See article for more]
‘[In] my personal experience, local officials are not looking to the federal government as a resource to help them navigate these new challenges related to volatility,’ Resources for the Future analyst Daniel Raimi tells Axios — adding that ‘a modest effort’ at the federal level could make a difference.
Between the lines: ‘I don’t know if either of those options are likely to be adopted, but given Washington’s celebration of the oil boom, it seems like there may be some appetite,’ Raimi says. ‘Our main goal is to simply put the issue on the table.’”
Read the full newsletter here.
