Economic analysis of the US unconventional oil and gas revolution

Economic analysis of the US unconventional oil and gas revolution / Mathilde Mathieu, Thomas Spencer, Oliver Sartor, Vox.EU, 22/03/2014

http://www.voxeu.org/article/limited-economic-impact-us-shale-gas-boom

The US unconventional energy boom has reversed the decline of domestic production, lowered oil and gas imports, reduced gas prices, and created political space for tougher regulations on coal-fired power plants. This column argues that it is not a panacea, however. Even if current estimates prove accurate, the long-run benefits to the US economy will be relatively small. Improving energy efficiency and promoting low-carbon technologies will be just as important as before – especially for the EU, given its more limited known reserves of unconventional oil and gas…


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