Business leaders laud the idea of an American energy revolution as a savior of the economy, a driver of resurgent U.S. manufacturing and a new engine for job growth. It's been a patriotic mantra for both Democrats and Republicans.
But is that promise any more than just hope at this point?
Publishing magnate Steve Forbes—twice a GOP hopeful for president—has entered the debate as a true believer that cheaper energy produced in the U.S. will lead to manufacturing "coming back in ways that we can't barely anticipate."
His partner in this new push may appear to be a strange bedfellow: Chicago Mayor Rahm Emanuel, who once served as President Barack Obama's chief of staff. They appeared Wednesday on CNBC's "Squawk Box" to pitch their upcoming "Reinventing America Summit" in the Windy City.
(Read more: US energy boom as big as Internet: Rahm Emanuel)