Full Title: Powering Forward: North America’s Energy Resurgence
Author(s): Business Roundtable
Publisher(s): Business Roundtable
Publication Date: 11/2015
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Recent developments in the energy sector are rapidly reshaping the global economy, and North America is at the vanguard of this revolution. Breakthroughs in technology have expanded the frontiers of energy production and unlocked hydrocarbon resources that were considered technically and economically inaccessible just a generation ago. In particular, advances in exploration and production technologies have unlocked vast quantities of oil and natural gas throughout the region, including shale gas, tight oil, oil sands, and deepwater oil and gas in the Gulf of Mexico.
As a result of these advances, the North American energy landscape has changed dramatically in recent years, reversing expectations of declining production and ushering in a new era of energy abundance. Driven by the shale oil and gas boom in the United States and the unlocking of Canada’s oil sands, North America’s proven reserves and production are up significantly since 2000