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2023 | OriginalPaper | Buchkapitel

Fracking in Texas: Effects on Economic Development and Future Outlook

verfasst von : Molly Brodzeller, Konstantin P. Leidinger, Korbinian Lorenz, Francesca Cotti Piccinelli, David Reber

Erschienen in: The Strategic Management of Place at Work

Verlag: Springer Nature Switzerland

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Abstract

From a country-wide perspective, the state of Texas contributes the second-highest amount to the GDP of the United States). Within Texas, the energy sector has emerged as one of the strongest and most promising factors for economic development. The invention of fracking gave the oil and gas industry advanced possibilities to reach resources in places where traditional methods had to surrender. This technique enabled the state of Texas to become the country’s most important oil and gas provider. However, fracking is claimed to cause various negative side effects, especially on nature and the environment. This may bring up plenty of challenges for communities, companies, and policymakers. This paper uses the framework from “Everything in its Place: Entrepreneurship and the Strategic Management of Cities, Regions, and States” by David B. Audretsch to analyze Texas and the impacts fracking has on the economy. Solutions to rectify the situation are presented. These include implementations for water usage, regulations for chemicals used in the process, and the strengthening of entrepreneurial activities at universities.

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Titel: Fracking in Texas: Effects on Economic Development and Future Outlook
verfasst von: Molly Brodzeller
Konstantin P. Leidinger
Korbinian Lorenz
Francesca Cotti Piccinelli
David Reber
Verlag: Springer Nature Switzerland
Buch: The Strategic Management of Place at Work
Print ISBN: 978-3-031-29462-4

Electronic ISBN: 978-3-031-29463-1

Copyright-Jahr: 2023
DOI: https://doi.org/10.1007/978-3-031-29463-1_13

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