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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. The paradox
of the U.S. unconventional gas story is that the technologies and
industry practices that made it possible have been decades in the
making; the public policy and commercial landscape is vastly
different from just a few years ago; and the story of this
remarkable resource development is still in its infancy. In an
attempt to capture the current state of play with respect to
resource development, operational practices, risk identification
and mitigation, impacts assessment and identify strategies that
allow this valuable resource to be prudently developed, the CSIS
Energy and National Security Program undertook this Unconventional
Gas Initiative. Over the course of the past year, the authors were
able in concert with industry and nongovernmental organization
(NGO) supporters to work with a wide array of regulators,
policymakers, environmental, industry and financial groups,
academics and community stakeholders to capture the latest
understanding of the unconventional gas development picture and
develop themes and findings in the hope of facilitating an informed
discussion on a path forward.
Potential sales of billions of dollars of energy equipment produced
by U.S. companies are at stake in the major economies of the
region. They are expected to import as much as $16 billion worth of
energy products over the next few years to power their economic
growth. But unless the United States launches new initiatives to
snare sizable shares of this investment, U.S. companies are
unlikely to be major players in all this trade.
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