Regardless of the geology, climate policy and waning investor interest will likely result in a lot of oil being left in the ground.
Read More »The Shale Delusion: Why the Party’s Over for U.S. Tight Oil
For the next year or so, tight oil wells will not be commercial except in the best parts of the best plays. Until market fundamentals of supply and demand come into balance, prices will remain low. Clearly for now, the party is over for tight oil.
Read More »The Dark Side of the Shale Bust
The shale oil bust may not turn to boom again anytime soon, but with WTI crude oil now in the $60 territory, many are hoping the worst is over.
Read More »Serious About European Competitiveness? Go for Shale Gas
Competitiveness now attracts as much attention here in Brussels as climate and environment policy. For the first time, the European Council will hold a summit devoted exclusively to industrial competitiveness, and rightly so. The debate over shale gas will be a part of that. The European Commission is poised to release a framework for the extraction of unconventional gas …
Read More »Shale Gas in The European Region: A Game Changer?
The US energy market has changed drastically since the rise of shale gas in the country. The US is now the world’s largest gas producer and is expected to become a net exporter. Will shale gas be a similar game changer in the EBRD (European Bank for Reconstruction and Development) region? This article argues that the impact of shale gas in …
Read More »Mongolia Joins Shale Revolution, But at What Cost?
This spring, Genie Energy signed an agreement with the government of Mongolia, under which its subsidiary will explore oil shale over a five year period. Statements to the press have spun the agreement as a way for the country to achieve energy independence from Russia, as Mongolia currently imports 90 percent of its petroleum needs from its neighbor. Estimates have put Mongolia’s oil …
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