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numerical simulation. In a world of declining US shale gas production after 2015, natural gas consumption outside the USA is … reduced from its reference path by at least as much as US consumption. Trade flows are redirected, and the current US debate …
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This study uses a structural vector autoregressive (SVAR) model to examine the relationships between the intensity of drilling (i.e. investment) for natural gas production, natural gas withdrawals, economic activity and natural gas prices in the United States. The results show that the reaction...
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Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...
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