114 - The Shale Dilemma (feat. Shanti Gamper-Rabindran)

The kids are all kinds of all right on this week's episode of the Cultures of Energy podcast. Then (12:55) we welcome our guest, environmental economist Shanti Gamper-Rabindran from the University of Pittsburgh to discuss her remarkable new volume, The Shale Dilemma: A Global Perspective on Fracking and State Development (U Pittsburgh Press, 2018) that gives us a comparative snapshot of where shale oil and gas development is at across the world today. Following the lead of the U.S. where hydraulic fracturing, despite its many environmental consequences, has led an enormous rise in fuel productivity, some countries are actively developing shale resources while others have banned fracking and still others wait and see. Shanti explains the arguments governments make in favor of developing shale resources and why the energy security argument seems to dominate all other concerns. We talk about the dangers of shale development and how the risks and benefits of fracking are very often unevenly distributed. She explains what she's learned about the frontlines of shale development in China and explains the differences between the outcomes of shale development vs conventional oil and gas extraction. We talk about "carbon leakage," why inadequate carbon credit schemes have not impacted greenhouse gas emissions and, finally, whether it is truly possible to estimate the "social cost of carbon" when the impacts of climate change appear to be accelerating.

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