Shale public finance: Oil and gas development and local governments
Free and open to the public.
Daniel Raimi, Associate in Research, Duke University Energy Institute
Center for Local, State, and Urban Policy (CLOSUP)
Co-Sponsors: Program in the Environment; Erb Institute; Environmental Law Policy Program, The Energy Institute, The Science, Technology, and Public Policy Program
Description: Oil and gas development has increased substantially in the United States over the past decade, largely associated with shale resources. This increase has important implications for local government’s financial capacity to provide quality services to citizens. This talk will provide an overview of the major revenues and service demands (i.e. costs) associated with new oil and gas development for local governments, along with the net fiscal impact to date for county and municipal governments across ten oil and gas plays in eight states: Arkansas, Colorado, Louisiana, Montana, North Dakota, Pennsylvania, Texas, and Wyoming. Research was conducted over the previous year through on-site structured interviews with over 100 local officials, analysis of state and local revenue policies, and analysis of local government financial data.
Recent reports are available on the the project website: http://energy.duke.edu/
Daniel Raimi is an Associate in Research at the Duke University Energy Initiative. He works on a range of energy policy issues including the public finance effects of unconventional oil and gas production, state fiscal policy design for oil and gas production, the climate implications of shale gas development, and federal climate policy design. He has published in academic journals including Science, Environmental Science and Technology, and Journal of Economic Perspectives, and made numerous presentations for policymakers, industry and other stakeholders around the United States. He received his master’s degree in public policy from Duke University’s Sanford School of Public Policy and his bachelor’s degree in music from Wesleyan University.