The Shale revolution: Global gas and oil markets under transformation
The shale gas and oil revolution has unexpectedly and forcefully begun to change the energy landscape in the USA. It is expected to spread beyond the USA, with far reaching implications for the global energy map, but also for the macro economy and politics of many countries. The purpose of this pape...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Springer
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/33693 |
| _version_ | 1848754017818116096 |
|---|---|
| author | Aguilera, Roberto F. Radetzki, M. |
| author_facet | Aguilera, Roberto F. Radetzki, M. |
| author_sort | Aguilera, Roberto F. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | The shale gas and oil revolution has unexpectedly and forcefully begun to change the energy landscape in the USA. It is expected to spread beyond the USA, with far reaching implications for the global energy map, but also for the macro economy and politics of many countries. The purpose of this paper is to bring a better understanding to what prompted the revolution, to assess the production methods and associated environmental concerns, to speculate what can reasonably be expected in coming decades, and to sketch the full impact of a ripening shale revolution on the emerging economic and political policy choices for energy exporting and importing countries. We find that a large scale expansion can be expected in US shale gas and oil activities in the coming two decades. Globally, the shale leaders are likely to be countries that are already significant gas and oil producers. Setting up a policy framework to allow and promote shale development in a safe manner is a necessity for the launch of shale exploitation. The most important implication of a successful shale revolution would arguably be a downward pressure on gas and coal prices in regional markets and on the global oil price. |
| first_indexed | 2025-11-14T08:33:44Z |
| format | Journal Article |
| id | curtin-20.500.11937-33693 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:33:44Z |
| publishDate | 2014 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-336932019-02-19T05:36:14Z The Shale revolution: Global gas and oil markets under transformation Aguilera, Roberto F. Radetzki, M. Shale gas and oil Geopolitics Macroeconomy The shale gas and oil revolution has unexpectedly and forcefully begun to change the energy landscape in the USA. It is expected to spread beyond the USA, with far reaching implications for the global energy map, but also for the macro economy and politics of many countries. The purpose of this paper is to bring a better understanding to what prompted the revolution, to assess the production methods and associated environmental concerns, to speculate what can reasonably be expected in coming decades, and to sketch the full impact of a ripening shale revolution on the emerging economic and political policy choices for energy exporting and importing countries. We find that a large scale expansion can be expected in US shale gas and oil activities in the coming two decades. Globally, the shale leaders are likely to be countries that are already significant gas and oil producers. Setting up a policy framework to allow and promote shale development in a safe manner is a necessity for the launch of shale exploitation. The most important implication of a successful shale revolution would arguably be a downward pressure on gas and coal prices in regional markets and on the global oil price. 2014 Journal Article http://hdl.handle.net/20.500.11937/33693 10.1007/s13563-013-0042-4 Springer fulltext |
| spellingShingle | Shale gas and oil Geopolitics Macroeconomy Aguilera, Roberto F. Radetzki, M. The Shale revolution: Global gas and oil markets under transformation |
| title | The Shale revolution: Global gas and oil markets under transformation |
| title_full | The Shale revolution: Global gas and oil markets under transformation |
| title_fullStr | The Shale revolution: Global gas and oil markets under transformation |
| title_full_unstemmed | The Shale revolution: Global gas and oil markets under transformation |
| title_short | The Shale revolution: Global gas and oil markets under transformation |
| title_sort | shale revolution: global gas and oil markets under transformation |
| topic | Shale gas and oil Geopolitics Macroeconomy |
| url | http://hdl.handle.net/20.500.11937/33693 |