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Economic gains from shale oil and gas / Timothy Taylor, Managing editor of the Journal of Economic Perspectives, Conversable Economist, 12/12/2014http://conversableeconomist.blogspot.fr/2014/12/economic-gains-from-oil-and-gas-from.htmlIt's clear that extracting oil and gas from shale formations has led to an economic boom in North Dakota. But what is a plausible estimate of how it will affect the U.S. economy as a whole? The Congressional Budget Office addresses this question in "The Economic and Budgetary Effects of Producing Oil and Natural Gas From Shale" (December 2014). To set the stage for their findings, it's useful to remember three points...