The Role of Unconventional Oil and Gas: A New Paradigm for Energy
Part of the 2012 Global ForecastApr 17, 2012
For the last 40 years, U.S. energy policy has been predicated on the dual notions of growing demand and resource scarcity, especially in relation to oil and natural gas—which are responsible for roughly two-thirds of U.S. energy consumption. As a consequence, we have looked to imports to balance our supply-demand needs, and in the process, have experienced periods of significant price volatility. In March 2012, President Obama reiterated his pledge for attaining a secure energy future. He promised nothing less than the transformation of our current fossil fuel–based energy system to one that is cleaner, more secure, and sustainable.
Most analyst agree that for a variety of reasons (growing global demand, concentration of resources, limited access and governance challenges, infrastructure needs, balance of payments outflows, changing geopolitical alliances, and security considerations) the current energy system is simply unsustainable. A transformation is already underway. But make no mistake, it will take decades to complete.
CSIS in the News
ReportApr 11, 2012Defense and Security, International Security, Nuclear Weapons, Acquisition and Resources, Terrorism, Military Strategy, Homeland Security, Economic Development and Reconstruction, Food and Water, Demography, Energy and Climate Change, Markets and Trends, Alternative Energy, Security and Climate Change, Global Health, Human Rights, Technology, Space, Trade and Economics, Global Trends and Forecasting, Global Health Policy, HIV/AIDS, Media Analysis, Global Strategy, Cybersecurity, Regional Analysis, Governance, Technology Policy, Development Policy, Disaster Risk Reduction, Global ProsperityAfghanistan, Africa, Americas, Asia, Caribbean, Caucasus, Central Asia, China, Eastern Europe, Egypt, Europe, Gulf States, Iran, Iraq, Israel/Palestine, Japan, Korea, Middle East, NATO, North Africa, North America, Oceania, Pakistan, Russia, Russia and Eurasia, South America, South Asia, Southeast Asia, Sub-Saharan Africa, Turkey, Western Europe
- AudioJul 16, 2013
- VideoJul 16, 2013
Find More From:
Frank A. Verrastro
CommentaryOct 10, 2014
Critical QuestionsJun 18, 2014