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This study seeks to help inform federal and state policymakers,
energy producers, investors, and consumers about the potential
energy market impacts of state and federal policy decisions
associated with the Clean Power Plan as proposed. The report
outlines the potential electric power sector and broader energy
market impacts of policy design options and implementation choices
by modeling the Clean Power Plan. In addition to mapping out the
impacts on the electric power sector and consumers, the report also
assesses the impact of the Clean Power Plan on potential changes in
natural gas and coal production at the national and regional level.
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 unconventional revolution. This report pairs with the
original "New Energy, New Geopolitics" report and two other
background reports, all available from Rowman & Littlefield:
New Energy, New Geopolitics: Balancing Stability and Leverage New
Energy, New Geopolitics: Background Report 1: Energy Impacts New
Energy, New Geopolitics: Background Report 2: Geopolitical and
National Security Impacts
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.
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