Abstract
With the pro-fossil fuel disposition of the Trump administration, the momentum surrounding the recent rebound in fracking operations in the United States is likely to be sustained. Thorny questions about fracking will also remain and retain considerable force. The NIMBY phenomenon predates shale oil and gas development, but because of the potential for inflicting tremendous damage on residential property values, the extraction of these natural resources through hydraulic fracturing presents a new theater for NIMBY protests. This article examines the adverse effects of shale gas development in residential areas and how the inveterate tension among home owners, residents and energy companies can be resolved. The article proposes the resolution of the conflicts pertaining to property value diminution and deleterious impact on quality of life by the introduction of a mix of public policy and private tools, consisting of limited purpose agreements and disruption payments. This approach assures that the benefits of shale gas development are retained while its inconveniences are given the desired attention.
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