America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy

America’s New Energy Future

Unconventional oil and gas activity is already revolutionizing America’s energy future and bringing enormous benefits to its economy. Unlocking unconventional energy will generate millions of jobs and billions in government receipts. Against a backdrop of a historically slow economic recovery and persistently high unemployment following the Great Recession, the surge in spending associated with unconventional oil and natural gas activity is proving to be an important engine for jobs creation.

  • Across America’s widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy.

    The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.

    At the conclusion of the full research program, we will have generated three Special Reports:

    • The national economic contributions of unconventional upstream oil and natural gas activity in the lower 48 US states (this study)
    • The state-level economic contributions of unconventional upstream oil and natural gas activity in the lower 48 US states
    • The economic contributions and prospects for a domestic manufacturing renaissance resulting from unconventional upstream oil and natural gas activity in the lower 48 US states
    • View the press release associated with this report
    • Download the National Economic Contributions Report - America’s New Energy Future, Volume 1
    America's New Energy Future
    America's New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy

    IHS Vice Chairman Daniel Yergin discusses the impact of unconventional oil
    and gas production in the United States and the new IHS study, America’s
    New Energy Future: The Unconventional Revolution and the Economy.