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What are the opportunity costs associated with fracking?

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Most of the discussion about natural gas extraction has focused on fracking and the environment. To take the next step, we could use opportunity cost analysis. Using opportunity cost analysis, we would first identify the next best alternative that we sacrificed. read more

Hmm. I can't really think of any that matter. Sorry. You could say land use, but the surface acreage used for well pads and such is tiny. And the economic value generated per acre by oil/gas wells is utterly enormous compared to dedicating the same surface space to farmland. read more

Saying towns can ban fracking, a NYS court showed that in addition to the environment and the economy the opportunity cost of fracking can be legal. Saying towns can ban fracking, a NYS court showed that in addition to the environment and the economy the opportunity cost of fracking can be legal. read more

Fracking and associated activities also produce pollution that contributes to the formation of ozone smog and particulate soot. Air pollution from gas drilling in Arkansas’ Fayetteville Shale region imposed estimated public health costs of more than $10 million in 2008. read more

Medact’s new report, Health & Fracking: the impacts & opportunity costs, concludes that hydraulic fracturing for shale gas (‘fracking’) poses significant risks to public health and calls for an immediate moratorium to allow time for a full and comprehensive health and environmental impact assessment (HIA) to be completed. read more

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