The Shale Boom Is Just Getting Started: Interview with Tyler Cowen
Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be, and we’ve even cut carbon emissions. We are only getting started, according Tyler Cowen, New York Times best-selling author and one of the most influential economists of the decade.
While we aren’t likely to get past the American public’s irrationality over gas prices at the pump and their confusion about why this hasn’t translated into lower gas prices, but that doesn’t change the fact that our shale boom is only just beginning to affect the global economy. The only question is who will be the next to latch on to this revolution.
Cowen gives us the long view in his most recent book, Average is Over: Powering America Beyond the Age of Great Stagnation, and in an exclusive interview with Oilprice.com, he discusses the following:
• Why energy-intensive investment is our real future
• Why peak oil isn’t an issue for at least 3 decades
• Why Syria is impossible to predict
• Why U.S. gas exports are a win-win situation
• How the U.S. shale boom has benefited the economy
• How the shale boom is just getting started
• What the general public doesn’t get about gas prices
• Why we can’t do much to stop energy market manipulation
• Who’s right about climate change?