1. Responding to Change: The New World of Oil and Gas
- Author:
- Bill White(Chair) and Leonard Coburn(Rapporteur)
- Publication Date:
- 09-2013
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- Improved technology has led to enhanced oil and gas productivity at lower cost and significant production increases in the United States and Canada, dramatically changing energy perspectives. The shift from energy scarcity toward abundance is requiring new energy policies. The potential for the United States to become a net exporter of oil and gas changes American views of energy dependency. Shifts in global energy demand growth from developed to less developed countries, and especially to the Asia-Pacific region, require understanding of changing global energy trade. American energy will flow to markets where scarcity is the largest. Canada and the United States are reaping the benefits of this new world of oil and gas. Mexico will lag behind unless it addresses its chronic problems. Without reform, Mexico could become a net importer of all its hydrocarbons, a fundamental change from its current status. Responding to these changes will require knowledge, foresight, and strategies that are bold and comprehensive.
- Topic:
- Economics, Energy Policy, Environment, Oil, and Natural Resources
- Political Geography:
- United States, America, Canada, and Mexico