The oil industry has undergone a remarkable transformation in a few short years. A decade ago, many energy analysts were forecasting the imminent arrival of “peak oil.” Today, oil is cheaper and more abundant than ever before, due in large part to North America’s shale boom. Yet the economic and geopolitical consequences of the oil industry’s transformation remain poorly understood. How should US policymakers respond to the shale revolution? Congress’s decision, in December 2015, to lift its four-decade ban on US oil exports was an important first step. What opportunities and potential pitfalls lie ahead? Please join renowned energy-policy expert and Manhattan Institute senior fellow Mark Mills for a discussion of these questions and more.
Mark Mills is also CEO of the Digital Power Group (a tech-centric capital advisory group), faculty fellow at Northwestern’s McCormick School of Engineering and Applied Science, and an advisory board member of Notre Dame University’s Reilly Center for Science, Technology, and Values. He is a contributor to Forbes.com and coauthor of The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy (2005; Number One on Amazon’s science and math rankings). Mills is a frequent guest on CNN, Fox, NBC, and PBS, and has appeared on The Daily Show with Jon Stewart. Early in his career, Mills was an experimental physicist and development engineer, earning several patents for his work. He holds a degree in physics from Queen’s University in Ontario, Canada.