Abstract

The shale gas boom has revolutionized the energy sector through hydraulic fracturing. High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and gas development (UOGD). In this review, we systematically outline the environmental, economic, and anthropogenic impacts of UOGD. We summarize the current status and conclusions of the academic literature, in both economic and related fields, while also providing suggested avenues for future research. Causal inference will continue to be important for the evaluation of UOGD costs and bene ts. We conclude that current economic, global, and health forces may require researchers to revisit outcomes in the face of a potential shale bust.

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