The impact of shale gas on energy markets
The impact of shale gas on energy markets

Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee

Publisher: Stationery Office

Published: 2013-04-26

Total Pages: 194

ISBN-13: 9780215057204

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Shale gas production in the UK could enhance our energy security and boost tax revenues, but it is too early to say whether it will reduce energy prices. The US now has the cheapest gas market in the world because of its domestic shale gas production. Federal subsidies, a favourable regulatory regime, low population density, and mineral rights for landowners, allowed the shale gas industry to flourish in the US. However shale drilling in the UK faces a very different set of factors. The extent of recoverable resources in the UK is also unknown and it remains unclear what impact what impact shale gas will have on gas prices, internationally and domestically. It would, thereforem be wrong for the Government to base policy decision at this stage on the assumption that gas prices will fall in the future. Rising global demand for gas, particularly from Asia, could limit any potential price reductions. If developed on a substantial sale shale gas could also challenge the ability of the UK to meet its statutory climate change targets. The government needs to make developing commercial scale carbon, capture and storage a priority as this will be critical in determining what role gas can play in the UK's future energy mix

The Impact of Shale Gas on Energy Markets
The Impact of Shale Gas on Energy Markets

Author: Great Britain. Parliament. House of Commons. Energy and Climate Change Committee

Publisher:

Published: 2013-07-18

Total Pages: 16

ISBN-13: 9780215060938

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Government response to HC 785, session 2012-13 (ISBN 9780215057204)

The Global Impact of Unconventional Shale Gas Development
The Global Impact of Unconventional Shale Gas Development

Author: Yongsheng Wang

Publisher: Springer

Published: 2016-07-15

Total Pages: 252

ISBN-13: 331931680X

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This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.

The U.S. Shale Gas Revolution and Its Implications for International Energy Policy
The U.S. Shale Gas Revolution and Its Implications for International Energy Policy

Author: Joseph Nyangon

Publisher:

Published: 2019

Total Pages: 9

ISBN-13:

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The shale gas revolution has fundamentally transformed energy markets domestically and abroad. Rising production has led to falling gas and oil prices in the U.S., while Europe, in contrast, is paying four to five times more for its natural gas and becoming one of the biggest importers of U.S. coal. As recently as five or six years ago this turnabout seemed improbable, with many analysts calling for rapid growth in renewable energy investment as the best means by which to wean the nation from its dependence on imported oil. Even then, such investment seemed far-fetched as the liquidity crisis worsened during the 2008-2012 global recession, forcing the federal government to institute stringent fiscal and monetary stimulus to stabilize the financial market and institutions. Taken together, the shale gas revolution represents the maturation of industry-friendly policies started under President Bush and continued during the Obama Administration. These policies supported the introduction of advanced technologies such as hydraulic fracturing, tight-oil extraction, horizontal drilling, innovative industrial software and other digital solutions, which have allowed production companies to economically extract oil and gas from previously inaccessible or financially infeasible shale rock formations with breathtaking speed. Most tantalizingly, this is a story of the triumph of a combination of economics of energy (operating by its own rules of supply and demand), the power of government-funded research and development (R&D), and getting the relationship right between the government and private sectors.

Shale Gas and the Future of Energy
Shale Gas and the Future of Energy

Author: John C. Dernbach and James R. May

Publisher: Edward Elgar Publishing

Published: 2016-02-26

Total Pages: 343

ISBN-13: 178347615X

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The rapid growth of shale gas development has led to an intense and polarizing debate about its merit. This book asks and suggests answers to the question that has not yet been systematically analysed: what laws and policies are needed to ensure that shale gas development helps to accelerate the transition to sustainability? In this groundbreaking book, more than a dozen experts in policy and academia assess the role that sustainability plays in decisions concerning shale gas development in the US and elsewhere, offering legal and policy recommendations for developing shale gas in a manner that accelerates the transition to sustainability. Contributors assess good practices from Pennsylvania to around the planet, discussing how these lessons translate to other jurisdictions. Ultimately, the book concludes that major changes in law and policy are needed to develop shale gas sustainably. Policymakers and educators alike will find this book to be a valuable resource, as it tackles the technical, social, economic and legal aspects associated with this sustainability issue. Other strengths are its clear language and middle-ground policy perspective that will make Shale Gas and the Future of Energy accessible to both students and the general public.

Economics of Unconventional Shale Gas Development
Economics of Unconventional Shale Gas Development

Author: William E. Hefley

Publisher: Springer

Published: 2014-12-03

Total Pages: 248

ISBN-13: 3319114999

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This book examines the economics and related impacts of unconventional shale gas development. While focusing on the Marcellus and Utica Shales in the Mid-Atlantic region, additional insights from other regions are included to provide a broader view of these issues. Shale gas development in recent years has changed the energy discussion in the US, as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible. The importance of natural gas is seen as likely to continue to expand over the coming years, and is expected to increase even further with environmental considerations, such as greenhouse gas emissions. Horizontal drilling and hydraulic fracturing producing natural gas from deposits such as the Marcellus Shale is making the US a net producer of natural gas. Previous studies have examined the economic impact of exploration and production in the region. Other studies have addressed legal, environmental, biodiversity, and public health impacts of unconventional shale development. This is the first volume to focus solely on the economics and related financial impacts of this development. This book not only fills the research gap, but also provides information that policy makers and the public need to better understand this pressing issue.

Shale Energy Revolution
Shale Energy Revolution

Author: Binlei Gong

Publisher: Springer Nature

Published: 2020-06-01

Total Pages: 229

ISBN-13: 9811548552

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This book answers the following questions: How will the global oil and gas market change in the next decade? How does the United States become the world's biggest oil and gas producer? What is the current condition of China's Shale Industry and energy security? Is hydraulic fracturing and horizontal drilling technology cheered or feared? Is energy production driven by economy or environment? Who are the major competitors in this market? This book covers not only macro analysis at country-level, but also micro analysis at firm-level, which helps investigate this industry more comprehensively.

The Fracking Debate
The Fracking Debate

Author: Daniel Raimi

Publisher: Columbia University Press

Published: 2017-12-26

Total Pages: 255

ISBN-13: 0231545711

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Over roughly the past decade, oil and gas production in the United States has surged dramatically—thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as “fracking.” This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate directly addresses the most common questions and concerns associated with fracking: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with lessons from his travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse. The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.