Powering Forward: North America’s Energy Resurgence | Business Roundtable

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Canada

$700 Billion
estimated potential contribution of Canadian oil and gas production to the U.S. economy between 2010 and 2035.

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United States

$1,200 Per Household
$1,200 boost in real disposable income for the average American household in 2012 as a result of the reduced electricity prices and expanded industrial activity associated with lower natural gas prices.

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United States

$1.2 Trillion
in direct, indirect and induced economic benefits contributed by the U.S. oil and gas industry.

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United States

$100 Billion
announced new investments in chemical industry projects in the United States in large part due to the shale boom.

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United States

270,000 Jobs
Up to 270,000 new U.S. manufacturing jobs could be created by the shale oil and natural gas boom by 2020. 

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Mexico

1.0 Percentage Point
increase in Mexico’s annual GDP that would accrue from recent energy reforms, if fully implemented.

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Capitalizing on the Oil & Natural Gas Revolution

Technology breakthroughs – pioneered in the United States – have unlocked North American oil and natural gas resources that were inaccessible just a generation ago. As a result, North America is expected to become a net energy exporter within the next two decades, reclaiming the region’s status as a global energy superpower.

The boom is already paying off: Increased North American oil and natural gas production boosted real U.S. disposable income by $1,200 per household in 2012 and is projected to increase household income by $3,500 in 2025.

North America’s energy resurgence is delivering for consumers, businesses, the U.S. economy and America’s standing in the world, but history suggests that those who stand still are quickly overtaken. Policymakers, regulators and business leaders should work together to adopt a policy framework that capitalizes on this historic opportunity and ushers in a new era of energy security.