THE ASPEN INSTITUTE DIALOGUE ON ENERGY GOVERNANCE
US Shale Gas and Oil Production: Risks, Research and Governance
In recent years, opportunities for oil and natural gas production have been greatly enhanced across the United States. The advent of directional drilling technology combined with hydraulic fracturing completion techniques have vastly expanded the economically recoverable oil and natural gas reserves from shale resources. While the economic and social value of these new energy resources is important, the development and production of shale oil and gas reserves have posed real challenges and potential risks to public health and the environment.
The Aspen Institute Dialogue on Energy Governance aims to develop a range of ideas and recommendations to help better understand and improve the governance of shale resource development and decision-making through effectively engaging stakeholders. With the support of the Cynthia and George Mitchell Foundation and the Alfred P. Sloan Foundation, the Dialogue on Energy Governance is working to produce a principles-based approach to the governance of oil and gas production from shale and help identify and accurately prioritize the potential risks to improve policy and regulatory responses.
This Dialogue Report articulates the findings and recommendations expressed over a three-part dialogue series. The major outputs of the Dialogue include findings, action-oriented recommendations, and a principles based governance framework. Together these outputs seek to clarify and improve the current regulatory context for anticipating and managing risk in the governance of shale gas and oil resource development.