Severin Borenstein, E.T. Grether Chair in Business Administration and Public Policy; Co-Director, Energy Institute, Haas School of Business; Director, UC Energy Institute

Hydraulic fracturing and horizontal drilling are dramatically expanding the potential supply of natural gas and crude oil in North America and worldwide. Professor Borenstein addresses how this shock to the supply of hydrocarbon fuels affects the energy challenges faced by the US and others: the cost of energy, energy security, and climate change.