The United States of Gas: Why the Shale Revolution Could Have Happened Only in America

Less than a decade ago, the future of American energy looked bleak. Domestic production of both oil and gas was dwindling, and big U.S. energy companies, believing their fortunes lay offshore, had long since turned away from the mainland. But then something remarkable occurred: a surge of innovation...

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Bibliographic Details
Published in:Foreign affairs (New York, N.Y.) N.Y.), 2014-05, Vol.93 (3), p.1-10
Main Author: Hefner, Robert A
Format: Magazinearticle
Language:English
Subjects:
Energy
Energy policy
Energy resources
Enterprises
Heads of state
Innovation
Innovations
Natural Gas
Oil
Petroleum
Petroleum industry
Prices
Production
Revolution
Revolutions
U.S.A
United States
United States of America
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Summary:Less than a decade ago, the future of American energy looked bleak. Domestic production of both oil and gas was dwindling, and big U.S. energy companies, believing their fortunes lay offshore, had long since turned away from the mainland. But then something remarkable occurred: a surge of innovation allowed companies to extract vast quantities of natural gas trapped in once-inaccessible deposits of shale. The resulting abundance drove down U.S. gas prices to about one-third of the global average. Adapted from the source document.
ISSN:0015-7120