BY ELLEN SCHOLL
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Over the last ten years, the United States has become the world’s leading producer of oil and gas, going from energy import dependence to energy dominance. This shift is due to the ability to produce from shale plays, a story which started in Texas and grew to have global ramifications. In a new report, The Future of Shale: The US Story and Its Implications, Global Energy Center Senior Fellow Ellen Scholl looks at the factors which enabled the rise of oil and gas production from shale deposits, focusing on the developments which have transpired in Texas.
This Global Energy Center report examines the Texas experience to draw lessons learned for countries hoping to utilize their shale resource potential and implications for global energy markets and geopolitics. The report concludes that the US case illustrates the challenges of operating in both a rural and an urban environment, underscores the unique advantages of the enabling ecosystem in the country, and demonstrates the importance of size and scale.
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