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Fueling Up: The Economic Implications of America's Oil and Gas Boom

Author

Listed:
  • Trevor Houser

    (Peterson Institute for International Economic)

  • Shashank Mohan

    (Rhodium Group)

Abstract

New drilling techniques for oil and natural gas are propelling an energy production renaissance in the United States. As the US economy struggles to emerge from the Great Recession, many see the boom as a possible source of economic salvation that could reduce unemployment and revitalize American manufacturing. Until now, however, there has been little objective analysis of the energy boom's economic consequences. In this major study, Trevor Houser and Shashank Mohan fill that gap. They assess the impact of the recent and projected increase in domestic energy production on US GDP, employment growth, manufacturing competitiveness, household expenditures, and international trade balance. Alongside its economic impact, the American energy revolution is raising new environmental and trade policy questions. What are the consequences for the environment and global warming of increased domestic oil and gas production? Should companies be allowed to export the energy they produce or will doing so undermine American manufacturing competitiveness? Houser and Mohan provide independent research and analysis that will help policymakers navigate these issues.

Suggested Citation

  • Trevor Houser & Shashank Mohan, 2014. "Fueling Up: The Economic Implications of America's Oil and Gas Boom," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0000, July.
    • Handle: RePEc:iie:ppress:0000
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    1. repec:ces:ifodic:v:12:y:2014:i:3:p:19126473 is not listed on IDEAS
    2. Erdal Tekin & Volkan Topalli & Chandler McClellan & Richard Wright, 2014. "Liquidating Crime with Illiquidity: How Switching from Cash to Credit Can Stop Street Crime," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(2), pages 45-50, October.
    3. Cathleen Cimino & Gary Clyde Hufbauer, 2014. "US Policies toward Liquefied Natural Gas and Oil Exports: An Update," Policy Briefs PB14-19, Peterson Institute for International Economics.
    4. Erdal Tekin & Volkan Topalli & Chandler McClellan & Richard Wright, 2014. "Liquidating Crime with Illiquidity: How Switching from Cash to Credit Can Stop Street Crime," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(03), pages 45-50, October.
    5. Corey Johnson & Tim Boersma, 2015. "The politics of energy security: contrasts between the United States and the European Union," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 4(2), pages 171-177, March.
    6. repec:ces:ifodic:v:12:y:2014:i:2:p:19126473 is not listed on IDEAS
    7. Cullenward, Danny & T. Wilkerson, Jordan & Wara, Michael & Weyant, John P., 2016. "Dynamically estimating the distributional impacts of U.S. climate policy with NEMS: A case study of the Climate Protection Act of 2013," Energy Economics, Elsevier, vol. 55(C), pages 303-318.

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