This IEF Thought-Leaders Roundtable on “The Increase in Unconventional Oil and Gas Production in North America and Its Potential Implications for Global Energy Markets” was hosted by IEF Secretary General Aldo Flores.
One of the most dramatic stories in recent oil and gas industry history has been the surge in output from North American unconventional oil resources. Many analyses and projections point to a region that can become a net exporter of oil and gas, in a reversal of the declining production trend that only a few years ago was seen as most likely. But prospects for North American production of these resources remain highly uncertain. Much will depend on maintaining the pace of drilling, addressing environmental concerns, and in general working through a broad set of issues ranging from the technological to the social to the regulatory and political. The implications of these developments, especially if the more optimistic scenarios materialise, have prompted a surge in interest worldwide.
The IEF Thought Leaders Roundtable Brief below was prepared by the IEF Secretariat based on the 23 January discussions.