"If the shale-gas revolution succumbs to politics, we have a lot to lose. As a recent report from the University of Michigan notes: “Managed properly, the availability of low-cost shale gas could catalyze a renaissance in U.S. manufacturing, revitalizing the chemical industry and enhancing the global competitiveness of energy-intensive manufacturing sectors such as aluminum, steel, paper, glass and food.”
Oil prices have fallen in recent months, and Politico asked a group of energy experts what this latest market gyration might imply for U.S. policymakers. UMEI's John DeCicco was one of the experts queried; here's what he had to say:
What do your elected officials and state leaders believe is in our country's energy future--and what's in store for Michigan? What decisions will they make, and which direction will they take, if elected, to ensure that the United States remains at the forefront of global energy innovation and domination? How will they create policies that recognize the energy industry's importance in determining the health of Michigan's manufacturing economy--and its environment? The Atlantic as it posed these questions and more to state leaders ahead of the 2014 midterm elections.
ANN ARBOR – The American shale gas boom has the potential to revitalize domestic manufacturing, and a new report from a University of Michigan-led panel recommends steps to make that happen in a responsible manner.
Those steps include increasing public trust of hydraulic fracturing; monitoring and reducing methane emissions; and using shale gas profits to advance renewable energy technologies, among other efforts.
A country is only as strong as its capacity to build. Managed properly, the availability of low-cost shale gas could catalyze a renaissance in U.S. manufacturing, revitalizing the chemical industry and enhancing the global competitiveness of energy-intensive manufacturing sectors such as aluminum, steel, paper, glass, and food. This report summarizes and expands upon the University of Michigan-sponsored daylong Symposium “Shale Gas: A Game-Changer for American Manufacturing,” held on March 28, 2014 at the National Press Club in Washington, D.C.