Includes bibliographical references (p. 157-163) and index.

Introduction -- The dark before the dawn -- An oil and gas renaissance -- Economic impact -- The demand side of the ledger -- Regional and sectoral effects -- Environmental costs and benefits -- Trade policy considerations -- Conclusions.

With a changing energy landscape and recent elections in both the United States and China, energy is once again at the forefront of the global policy debate, echoing the oil crisis of the 1970s. But both the global energy market and its role in the global economy have changed considerably over the past three decades, and the energy policies and institutions developed during the last crisis are not well suited to address our current energy security challenges.