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

Trevor Houser, Peterson Institute
Shashank Mohan, Rhodium Group

Peterson Institute for International Economics, Washington, DC

January 8, 2014

The Peterson Institute for International Economics released a new book, Fueling Up: The Economic Implications of America's Oil and Gas Boom, by Trevor Houser, PIIE, and Shashank Mohan, Rhodium Group, on January 8, 2014.

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 believe the energy boom could reduce unemployment and revitalize American manufacturing. Houser and Mohan 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. The authors' analysis will help policymakers navigate the consequences of increased domestic oil and gas production for the environment and global warming. The book also explores whether companies should be allowed to export the energy they produce.

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