No One Saw This Coming

Andrew R. Thomas
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Andrew R. Thomas: University of Akron

Chapter 1 in American Shale Energy and the Global Economy, 2018, pp 1-6 from Springer

Abstract: Abstract February 24, 2016 was a historic day for business and the global economy. If you were only paying attention to the “news of the day,” you might have missed a ground-shaking event. Many folks were likely talking about the Grammy Awards, which were held the night before. For political junkies, the focus was on the quadrennial shouting match that is the Presidential Primary Season. Baseball fans surely were looking forward to Spring Training. Yet, as all of this was unfolding on the glowing screens we constantly seem to stare at, something else much more profound, yet subtle, was going on. That day marked the first time natural gas was exported from the USA in more than 40 years. And, while the words “natural gas” and “exports” don’t resonate with most people nearly as much as “Jay Z,” “Clinton,” “Trump,” “Cubs,” “Indians,” or “Yankees” do, the impact of the USA once again producing and exporting ever-larger amounts of natural gas amounts to a true revolution. In every sense of the word.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-319-89306-8_1

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DOI: 10.1007/978-3-319-89306-8_1

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