Cover -- Table of Contents -- Preface -- Acknowledgments -- Introduction -- The Dark before the Dawn -- Asia's Rise -- Supply Constraints -- Recession and Recovery -- An Oil and Gas Renaissance -- Broadening to Oil -- America's Oil and Gas Future -- US Energy Independence? -- Assessing America's Oil and Gas Future -- An Oil and Gas Renaissance -- Existing Analysis -- Our Approach -- Macroeconomic Results -- Oil and Gas as Economic Stimulus -- Long-Term Economic Effects -- Implications for the Trade Balance and Exchange Rate -- A More Resilient US Economy? -- Demand Side of the Ledger -- Vehicle Efficiency -- Fuel Switching -- Summing Up -- Regional and Sectoral Consequences -- Rise of the American Petrostate -- A Manufacturing Renaissance? -- Environmental Costs and Benefits -- Water, Air, and Earthquakes -- Environmental Upside -- Climate Breakthrough? -- Limits of Cheap Natural Gas -- Other Considerations -- Why Policy Matters -- Trade Policy Considerations -- Natural Gas -- Crude Oil -- Coal -- Navigating the New Trade Policy Landscape -- Conclusion -- Appendix A -- Oil and Gas Supply Module -- Macroeconomic Activity Module (MAM) -- Scenario Descriptions -- References -- Index -- Peterson Institute for International Economics.