An Analysis of Environmental and Economic Impacts of Fossil Fuel Production in the U.S. from 2001 to 2015

The production and burning of fossil fuels is the primary contributor to CO₂ emissions for the U.S. We assess the impact of producing coal, crude oil, and natural gas on the environment and economic well-being by analyzing state-level data from 2001 to 2015. Our findings show that coal production has led to more CO₂ emissions and no significant benefit to economic well-being. Crude oil production has a non-significant impact on CO₂ emissions but is related to a lower poverty rate, a higher median household income, and a higher employment rate. Natural gas withdrawals have a positive impact on median household income. We discuss these findings in the context of current U.S. energy policies and then provide directions for future research.