The Permian Basin: A Tribute to American Innovation and Entrepreneurship
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DescriptionThis policy brief attributes the rise of oil and natural gas production in the United States to George P. Mitchell, the father of modern hydraulic fracturing (fracking). Griffin and Ladmirault argue that fracking has spurred a US energy renaissance centered in West Texas and created other benefits, such as low natural gas prices for consumers, lower CO2 emissions from displacement of coal, and assistance for renewables that struggle with intermittency. The authors maintain that innovation and entrepreneurship often lead to unanticipated changes and benefits.
Griffin, James M.; Ladmirault, Robert Joseph Jr (2019). The Permian Basin: A Tribute to American Innovation and Entrepreneurship. Mosbacher Institute for Trade, Economics & Public Policy. Available electronically from