The Heartland Institute

Hydraulic fracturing has enabled profitable extraction of oil and gas in diverse areas of the country. As a result, many states sitting atop the country’s shale formations are reconsidering the way they tax these resources, to fill budget holes. Many of these debates are occurring in states with unconventional deposits and where ...

The recent discovery of vast deposits of oil and natural gas trapped in shale rock formations has revolutionized our nation’s short-term, mid-term, and long-term energy outlook. For example, proven natural gas reserves in the United States rose by 40 percent between 2004 and 2009. At the same time, new technological advancements ...