The recovery of the US manufacturing sector following the 2008–2009 economic recession has coincided with a sharp drop in natural gas prices. Popular discussion has often attributed a large portion of the sector’s rebound to this decrease in gas prices, but little rigorous analysis has been conducted on the issue. A new study by RFF Senior Fellows Joshua Linn and Richard Morgenstern finds the dramatic decline in US shale gas prices increased employment in manufacturing and energy-intensive industries much less than previously thought. RFF experts discussed the study’s results. The event also featured comments from industry, environmental, and academic perspectives.