“Technological innovations in horizontal drilling and hydraulic fracturing have enabled tremendous amounts of natural gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper, we provide the first estimates of broad-scale welfare and distributional implications of this supply boom…”
Over the past decade, the rapid increase in shale gas and shale oil production in the United States has profoundly changed energy markets in North America, and has led to a significant decrease in American natural gas prices. The possible existence of large shale deposits in Europe, mainly in France, Poland and the United Kingdom, has fostered speculation on whether the “shale revolution”, and its accompanying macroeconomic impacts, could be duplicated in Europe…
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…
In addition to environmental change, the structure and trends of global politics and the economy are also changing as more countries join the ranks of the world’s largest economies with their resource-intensive patterns. The nexus approach, conceptualized as attention to resource connections and their governance ramifications, calls attention to the sustainability of contemporary consumer resource use, lifestyles and supply chains…
We describe the economic benefits of the shale gas boom, including direct market impacts and positive externalities, providing back-of-the-envelope estimates of their magnitude. The paper also summarizes the current science and economics literatures on negative externalities…
In this statement, EASAC addresses three specific concerns that are being put forward in the public debate about the exploitation of Europe’s shale gas potential
The shale gas revolution has changed the landscape of American energy – transforming the US from a country that was building billion-dollar terminals along its coasts to import liquefied natural gas (LNG) from countries like Qatar, to one that is reconfiguring those facilities to export American natural gas as LNG around the world…
“While the impact of the increase in US production on prices and on oil market dynamics is yet to be fully felt, as some of the underlying forces still need time to unfold and need to be fully understood, it is important to provide a general framework to help us analyse the US shale revolution and its potential impacts on oil markets and key Middle East producers…”
A study published in the Proceedings of the National Academy of Sciences
This RFF’s paper provides the first empirical study of the market structure of the shale gas drilling industry in the United States
This WRI’s report analyzes water availability across all potentially commercial shale resources worldwide. It also reveals that water availability could limit shale resource development on every continent except Antarctica.
This OIES paper argues that while US exports are a powerful force shaping LPG markets, it is also important to examine some of the internal dynamics within the key GCC producers.
This report evaluates the energy and geopolitical shifts that have arisen from the production of shale gas and light tight oil in the United States
In just seven years, the US shale gas and tight oil revolution has created significant new challenges and opportunities and a new known-unknown that energy market players and analysts must learn to deal with in the years to come…
New Economics Papers Energy Economics (REPEC)
