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Beyond the Boom

Developing Policy to Advance US Leadership in Shale Oil and Hydraulic Fracturing

Task Force 2014

Task Force 2014 - Beyond the Boom


Julia Nesheiwat

Deputy Assistant Secretary of State for Implementation, Bureau of Energy Resources, US Department of State

Faculty Adviser

Scott Montgomery

Scott Montgomery


Task Force

  • Sarah Coney (Coordinator)
  • Nikolina Stoykova (Editor)
  • Kailyn Swarthout (Editor)
  • Allison Ashmore
  • Zoe Barker-Aderem
  • Kelly Gould
  • Davita Gurian
  • Syailendra Kamdani
  • Khiem Nguyen
  • Mengqin Ouyang
  • Monica Reeder
  • Rebecca Snyder
  • Stephanie Tam
  • Emily Vyhnanek
  • Chieh-Hsi Wang
  • Ola Wietecha


The shale oil revolution of the early twenty-first century has placed the United States at one of its most pivotal points in recent history with regards to energy policy. The production boom in 2008 led to an increase of nearly three million barrels per day within five years, accounting for over 90% of new crude oil growth. Such growth has transformed the U.S. from the world’s largest importer to a growing exporter of petroleum products, reducing its dependence on OPEC by more than half, rendering it a major competitor to Russia in refined product exports, and promising energy self-sufficiency for North America in coming decades.

Policy Recommendations:

  • Lift the ban on exports of U.S. crude oil
  • Expand existing programs related to the sharing of technology and knowledge related to shale development
  • Fast track pipelines on federal lands; approve Keystone XL
  • Where possible, reroute and reduce oil transport via rail; create incentives to accelerate building of safer (double-hulled) tanker cars
  • Improve fuel efficiency standards and transition to natural gas
  • Redivert $24.2 billion in revenue by closing oil companies tax loopholes
  • Create National Advisory Board on energy policy

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