US energy boom as big as Internet: Mayor Emanuel

Wednesday, 15 Jan 2014 | 9:26 AM ET
Reinventing America's workforce with cheap energy
Wednesday, 15 Jan 2014 | 8:34 AM ET
Steve Forbes, Forbes media chairman & editor-In-chief, and Chicago Mayor Rahm Emanuel, discuss how implementing innovations with cheap energy will provide a renaissance in manufacturing and create more jobs.

The energy boom is upending a lot of old assumptions about the viability of U.S. manufacturing, and it's as key to American success as the invention of the Internet, Chicago Mayor Rahm Emanuel told CNBC on Wednesday.

"Cheap energy—the revolution that's going on in America's heartland on energy—is making sure that America now has a manufacturing renaissance," the former Obama White House chief of staff said in a "Squawk Box" interview.

(Read more: Solving manufacturers' jobs dilemma)

"Washington is not talking about this," Emanuel said. "The biggest revolution equal to the Internet is the energy independence in the United States."

He appeared on "Squawk Box" with businessman Steve Forbes to talk about their upcoming "Reinventing America Summit," billed as a deep dive into the past, present and future of U.S. innovation and ingenuity.

The summit will be held in Chicago at the end of March.

By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.

Introducing Morning Squawk: CNBC's before the bell news roundup

Sign up to receive Morning Squawk in your inbox each weekday › Sample


  • Pump jacks and wells are seen in an oil field on the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom, March 23, 2014 near McKittrick, California.

    Brent crude futures turned lower after Russia said top diplomats have agreed to take immediate steps toward calming tensions in Ukraine.

  • An employee wipes a TV screen in a shop in Moscow, on April 17, 2014, during the broadcast of President Vladimir Putin's televised question and answer session with the nation.

    Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional military support to Ukraine.

  • A former BP employee will pay to settle allegations of insider-trading during the 2010 Deepwater Horizon oil spill.

  • Pro-Russian activists seized the main administration building in the eastern Ukrainian city of Donetsk.

    Deadly clashes in eastern Ukraine have spiked fears of all-out war in the region. So who are the armed, flag-waving rebels who appear to be behind it all?

Contact Energy


    Get the best of CNBC in your inbox

    › Learn More