Unconventional oil and gas potential permeates IHS Forum

12/03/2012
Government policymakers worldwide will have to scramble to keep pace as oil and gas companies aggressively develop unconventional plays, speakers told the IHS Forum in Washington Nov. 13-14. "This is a home-grown technology. What we spend here will stay here," said John W. Larson, global leader for public sector consulting at IHS Global Insight and lead author of a recent report, America's New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy. Estimated revenue from unconventional oil and gas activity to federal, state, and local governments of more than $62 billion/year in 2012 could climb to more than $124 billion/year in 2035, indicated the Oct. 25 r...
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