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The third background report in the New Energy, New Geopolitics series, this report examines the dramatic increase in the production of shale gas and light tight oil in the United States and suggests possible energy scenarios and strategies could emerge from the unconventionals revolution.
The ability to access and economically develop vast amounts of America's unconventional natural gas resources, especially large shale gas formations, has altered our national view on energy and has subsequently changed the discourse at the federal, state, and local levels. Since 2008, when the economic viability of shale gas resources first became widely recognized, policymakers and industry leaders have worked to better understand the nature of this resource; the risks and opportunities associated with its production, transport, and use; and the potential strategic implications of the United States' new energy reality.
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