The substantial increase in the supply of energy from the United States is both creating new dynamics in world energy markets as well as providing the US with an economic growth dividend. Since 2005, which we use as our base year since it roughly represents the year before the energy revolution in the US started, crude oil production in the US has increased 29% and natural gas production has grown 33%. The numbers are impressive and they continue to grow.
In this report, CME's economists address some of the frequently asked questions (FAQ) regarding the U.S. energy renaissance, the macroeconomic impact of abundant energy, as well as global energy market implications.
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