Global Impact of Unconventional Energy Resources

Business & Finance, Economics, Economic Conditions, Nonfiction, Social & Cultural Studies, Political Science, International, International Relations
Cover of the book Global Impact of Unconventional Energy Resources by Anas Alhajji, Stefan Andreasson, Larry Brogdon, Manochehr Dorraj, Tina Hunter, Bijan Khajehpour, Tatiana Mitrova, Isidro Morales, Ken Morgan, Thomas B. Murphy, Silke Popp, Michael Slattery, David Yoxtheimer, Lexington Books
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Author: Anas Alhajji, Stefan Andreasson, Larry Brogdon, Manochehr Dorraj, Tina Hunter, Bijan Khajehpour, Tatiana Mitrova, Isidro Morales, Ken Morgan, Thomas B. Murphy, Silke Popp, Michael Slattery, David Yoxtheimer ISBN: 9781498566087
Publisher: Lexington Books Publication: November 26, 2018
Imprint: Lexington Books Language: English
Author: Anas Alhajji, Stefan Andreasson, Larry Brogdon, Manochehr Dorraj, Tina Hunter, Bijan Khajehpour, Tatiana Mitrova, Isidro Morales, Ken Morgan, Thomas B. Murphy, Silke Popp, Michael Slattery, David Yoxtheimer
ISBN: 9781498566087
Publisher: Lexington Books
Publication: November 26, 2018
Imprint: Lexington Books
Language: English

The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.

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The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.

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