The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.
While media and public attention to energy issues tends to wax and wane, energy security and the environmental implications of energy use have always been a core component of RFF's research agenda. Key concerns include protecting the economy from price shocks and exploring the connections between energy use and economic growth. This collection of eight works represents some of RFF's best work on these subjects.
The RFF Library Collection brings back landmark books published by Resources for the Future throughout its nearly 60-year history as the pre-eminent research institution devoted exclusively to environmental issues. The Collection offers individuals and institutions the most classic and relevant literature across a range of environmental issues.