Unconventional oil and gas potential permeates IHS Forum

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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