The Economist

Dr. M. Ray Perryman is President and Chief Executive Officer of The Perryman Group He also serves as Institute Distinguished Professor of Economic Theory and Method at the International Institute for Advanced Studies.

Unconventional Formations Fuel the Economy

The current oil surge is generating millions of jobs across the United States.  One of the key drivers of activity is the opening of unconventional oil- and natural gas-bearing formations through technological advances such as hydraulic fracturing.  One of the first big plays to be unlocked by fracking is the Barnett Shale.

STEM and the Economy

For sustained economic growth, a strong presence in science, technology, engineering, and math (STEM) fields is essential.  Industries and occupations focused in these areas generate many of the innovations which improve productivity across the workforce.  They are essential to the modern business complex.