Oil and Gas Market Series
Access, higher prices, and advances in technology have made it possible to commercially develop unconventional oil and gas resources. The potential of this resource has attracted a great deal of public- and private-sector interest, as well as increasing scrutiny.
The ability to produce these vast domestic reserves has the potential to reduce U.S. import reliance, reduce greenhouse gas emissions (gas portion vs. coal), increase global supplies, and potentially alter the way oil and gas is marketed globally, thereby conferring substantial economic, security, and environmental benefits for the United States. These new resources may also fundamentally change the dynamics among some importing and exporting countries.
However, failure to manage some of the attendant impacts surrounding the development of this resource at scale could seriously hamper efforts to fully realize those benefits. CSIS devotes extensive time towards understanding the potential benefits and challenges to the development of unconventional resources through public events, publications, and projects.
U.S. Oil & Gas: 2017
In 2017, the CSIS Energy Security and Climate Change Program convened a three-workshop series to explore the role of U.S. onshore oil and gas in the domestic and global energy landscape. Out of these, three summary reports on the findings and analysis were produced:
Bringing together experts from the U.S. government, the private sector, think tanks, and civil society, each workshop focused on a set of key questions and issues concerning U.S. oil and gas production. These included: the role of U.S. tight oil production in the global markets, the societal and environmental impacts of U.S. onshore oil and gas development, and the role of U.S. natural gas in North America and the global marketplace.