David Spence, “Should the Federal Government Regulate Fracking?” (Wall Street Journal)

Professor David Spence has published a point-counterpoint editorial in the Wall Street Journal on federalism and fracking with Harvard Law School professor Jody Freeman.

Spence writes: “States are better equipped than the federal government to regulate most of those risks.  Why? Because both the benefits and the costs of fracking fall mostly on states and local communities. States gain the most from added jobs and tax revenue; they face the truck traffic, noise, pollution risks and rapid industrial growth. Consequently, states are in the best position to figure out how best to balance fracking’s costs and benefits.”