Anti-Fracking pressure on the Oil and Gas Industry: A Qualitative Meta-Review of the Literature

Document Type

Article

Publication Date

2017

Department

School of Business

Abstract

Global energy export competition, fracking, and a lowered increase in demand of energy, coupled with an environmental conscience have created an uber dynamic operating environment for the oil and gas industry. With the advent of fracking resulting in increases in oil and gas production, many states bought deeply into the increase in revenue streams through taxes and royalties. This buy in of increased revenue may be tempered by post purchase dissonance as the byproduct of fracking, brine water production and its disposal, has been blamed for earthquakes. A qualitative five-year meta-review of the literature is presented in a way to illustrate the media momentum of those against oil and gas production gained through fracking. The meta-analysis overview indicates a shifting foci from a global view to an individual state political view. In the near term, prices are reflecting this sentiment from increases to $50 from $38 from the prior year. Nevertheless, the most recent contributing factor was the significant 5.6 earthquake in Oklahoma which resulted in an immediate shut down of brine water disposal which limits oil and gas production in those regions.

First Page

18

Last Page

26

Volume

8

Issue

2

ISSN

2381313X

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