1. Adapting to Plenty: Effects of the Oil and Gas Boom
- Author:
- Bill White and Leonard Coburn
- Publication Date:
- 10-2014
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- The evolution from energy scarcity to abundance in the United States creates dislocations. Technology, infrastructure, laws, regulations, trade flows, and environmental and security policies developed during American energy deficits must be adapted to cope with its new energy prosperity. Significant improvements in oil and gas technology are leading to production increases outpacing projections. A need for infrastructure development follows energy production, necessitating adaptations. Laws passed in the 1970s during times of energy disruptions require reconsideration in a period of relative plenty. The shift of the United States and Canada from an oil and gas importing region to an exporting region has enormous global implications. Policies need to be readjusted in light of new realities, and the effects of the oil and gas boom in North America will require new thinking by governments, industry and consumers.
- Topic:
- Energy Policy, Oil, and Natural Resources
- Political Geography:
- United States and North America