Shale Oil and Gas: The Economic Impacts

2011 National Conference & North American Summit

Tapping the Future of American Oil and Gas
October 22, 2011

Presentation by John Felmy, Chief Economist, American Petroleum Institute

With recent advances in a process known as hydraulic fracturing or “fracking,” the U.S. may soon be able to boost its energy security while bolstering our economy and creating jobs. Large shale deposits throughout the U.S. are suddenly seeing a flurry of activity that’s being hailed by some for its economic development and criticized by others for environmental concerns. More than 20 percent of U.S. states have proven reserves of oil and gas locked in shale and the economic benefits nationally as well as within each of these states may be tremendous and far-reaching. In this session, experts on all sides of the hydraulic fracturing debate discussed what its production may mean for your state.

Shale Oil and Gas: The Economic Impacts

John Felmy

John Felmy is Chief Economist of API.  His areas of emphasis are the economic, statistical and policy analysis of the Institute.  This includes managing the production of the Institute’s weekly and monthly petroleum statistics.  He has thirty years experience in energy, economic and environmental analysis.  He received Bachelors and Masters in Economics from The Pennsylvania State University and a Ph.D. in Economics from The University of Maryland.

John is a member of several professional associations including the American Economics Association, the National Association for Business Economics and the International Association for Energy Economics.