The Shale Revolution: America's Energy Independence?
The shale revolution has upended oil and gas markets for nearly a decade and has positioned the U.S. to become a net energy exporter by 2020. Technological improvements pushed productivity forward which has had positive overall positive affects for the U.S. economy. However international market prices for both LNG and crude oil have been falling as a result of increased supply, external shocks and OPEC policies. Moreover, the ability of U.S. shale companies to maintain high levels of production was questioned by their financial health. The way in which the Trump administration would administer U.S. energy policy in the next few years would significantly impact the future of the industry.
Keywords: shale oil; shale gas; LNG; energy policy; drilling technology; Energy; Trade; Economics; Macroeconomics; Policy; Energy Industry; Manufacturing Industry; United States; Middle East;
Citation:
Vietor, Richard H.K., and Howaida Kamel. "The Shale Revolution: America's Energy Independence?" Harvard Business School Case 719-076, June 2019. View Details