Will U.S. energy boom be a bust?

Technological advances have allowed oil and gas companies to tap vast new supplies. | AP Photo

By Talia Buford and Matt Daily

POLITICO

If you’d like to discuss energy issues, contact Court Rich, crich@roselawgroup.com

Long a beggar on the world energy stage, the United States is entering what many experts are calling an era of growing abundance — perhaps enough to turn the nation into a net exporter of oil and natural gas by the end of the decade.

It’s a stunning turnaround from the expectations of scarcity and growing dependence on imports that have ruled U.S. energy policy since the early 1970s. The shift has emerged only in the past few years as technological advances have allowed oil and gas companies to tap vast new supplies in states like North Dakota, Ohio and Pennsylvania.

But along with jobs and profits, an age of plenty would create brand-new conflicts.

Continued:

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