Unconventional gas and oil resources are perhaps the single largest opportunity to improve the trajectory of the U.S. economy, at a time when the prospects for the average American are weaker than we have experienced in generations. America’s new energy abundance can not only help restore U.S. competitiveness but can also create geopolitical advantages for America. These benefits can be achieved while substantially mitigating local environmental impact and speeding up the transition to a cleaner-energy future that is both practical and affordable.
However, America is currently caught in an unproductive, divisive, and often misinformed debate about our energy strategy, which threatens our nation’s economic and environmental goals. There is an urgent need for the U.S. to get on a new path. We set forth an overall strategy for unconventional energy development that meets the most important goals of industry, environmental stakeholders, and governments, and allows the U.S. to responsibly achieve the full benefits of this unique and vital opportunity.