By Len C. Rodman (7/30/13; 4 pages) Developments in domestic energy production have forced a reappraisal of conventional wisdom and strategies. Just a few years ago, the United States faced the prospects of dwindling oil and gas reserves as well as rising prices, coupled with significant overall economic contraction. Further, federal emissions-related and carbon pricing legislation held the potential to shake up the energy market as industries prepared for the implementation of a global carbon tax. Congress never did pass carbon-pricing legislation, and the development of unconventional reserves has led to a domestic gas boom. The author writes that there is unprecedented opportunity to achieve economic benefits from natural gas and that policymakers, utilities, producers, and consumers must focus on the long term to promote a strategy for sustainable gas development and price stability.