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China is currently the largest energy consuming country in the world. Until the early 1990s, China had long been a net energy exporter. The country became a net oil importer in 1993, the first time since the 1960s. For China, energy security first means oil supply security. China turned into a...
Persistent link: https://www.econbiz.de/10011047000
The large scale extraction of natural gas from shale rock layers in North America using hydraulic fracturing, or “fracking”, has prompted geologists, economists and politicians in various parts of the world to ask whether there are new reserves of this precious resource to be found under...
Persistent link: https://www.econbiz.de/10011047207
What significance will developments in shale gas production have for European gas prices? Some commentators paint a gloomy picture of the future gas markets. But most forecasts for the oil market are positive. Consequently, a view appears to prevail that price trends will differ sharply between...
Persistent link: https://www.econbiz.de/10010597341
Shale gas is viewed by many as a global energy game-changer. However, serious concerns exist that shale gas generates more greenhouse gas emissions than does coal. In this work the related published data are reviewed and a reassessment is made. It is shown that the greenhouse gas effect of shale...
Persistent link: https://www.econbiz.de/10010572865
Shale gas has gained increasing worldwide attention in the light of the rapid production and significant effects seen in the United States. Using this case as a reference, several countries have taken the first steps to develop their own resources, with Mexico in particular including shale gas...
Persistent link: https://www.econbiz.de/10010709207
Newly accessible shale deposits and other unconventional sources of natural gas have dramatically increased global gas reserves and are regarded as major future energy sources. Shale gas drilling began in Texas and is expanding throughout the U.S. and globally. In Texas and other regions, large...
Persistent link: https://www.econbiz.de/10010709210
Shale gas has become an energy policy priority in the United Kingdom in light of profitable extraction activities in the United States. Since 2012 the Coalition Government has created key economic drivers to encourage shale exploration, whilst growing activism in affected site communities has...
Persistent link: https://www.econbiz.de/10011046709
Natural gas is widely considered to be the crucial “bridging fuel” in the transition to the low-carbon energy systems necessary to mitigate climate change. This paper develops a case study of the shale gas industry in British Columbia (BC), Canada to evaluate this assumption. We find that...
Persistent link: https://www.econbiz.de/10011047444
Shale gas has become an increasingly important form of hydrocarbon energy, and related technologies reflect the geographical characteristics of the countries where the gas is extracted and stored. The United States (U.S.) produces most of the world’s shale gas, while China has the world’s...
Persistent link: https://www.econbiz.de/10011076996
Shale gas development in China can generate great potential economic benefits, but also poses serious environmental risks. In this paper, we offer a macro assessment of the environmental risks of shale gas development in China. We use the US experience to identify the nature of shale gas...
Persistent link: https://www.econbiz.de/10011116677