Friday, September 23, 2016

The property right and economic effect


When the landowners are rewarded by fracking, they would be willing to explore and product the natural gas from their land. This is because the mineral such as oil and gas from their land is extremely lucrative. As for the nations that would not give landowners benefit for the oil and gas such as Europe, people do not allow the exploration by insisting “Not In My Back Yard” (NIMBY). Specifically, when the national governments decide to share the benefits from fracking with the landowners, they would change their attitude, allowing drilling their land. However, given that fracking can make a fatal effect on environment, it would be required for government and landowners to consider the environmental aspect.

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