KEY DETERMINANTS OF SHALE GAS IMPACT ON ENERGY PRICES
Journal Title: Revista Romana de Statistica - Year 2015, Vol 63, Issue 5
Abstract
Recent advances in drilling technology have led to profitable extraction of natural gas from shale gas formations. Shale gas has changed the economics of natural gas production in US as the sudden increase in supply has resulted in significantly lower gas prices. Starting 2008, the difference between gas prices in the United States and Europe has widened, with European gas prices even three times higher as compared to US ones. In North America, coal has been replaced by gas in the US electricity generating sector due to the sharp decrease of gas prices. Furthermore, coal reserves were partly exported to the EU, which has led to a decrease in prices in the EU and a replacement of gas by coal in the EU electricity sector. However, the effect cannot be entirely attributed to shale gas revolution, as other factors contributed such as minimum historical prices for carbon emission allowances in recent years and a decreasing consumption due to economic recession. The success of shale gas in the US has prompted companies and governments to assess the possibilities of replicating the shale gas production in Europe.
Authors and Affiliations
Valentina Ivan
Keywords
Related Articles
- EP ID EP122306
- DOI -
- Views 141
- Downloads 0
Index of Population Consumption Prices
Practically it is impossible to survey and record the prices for all the goods and services being consumed by the population during a given period of time. That’s why, for surveying and recording these statistic data, a...
Elemente privind conceptul juridic al proprietăţii private
The authors analyze the judicial concept of private property through the angle of law texts. There are presented and interpreted the judicial characters, the attributes and the limits of the judicial concept of private p...
Supravegherea prudenţială a instituţiilor fi nanciare nebancare: evoluţii şi perspective
În articole se abordează practica autorităţii de supraveghere referitoare la evaluarea performanţelor instituţiilor financiare nebancare din perspectiva supravegherii prudenţiale. Este descris modul în care s-a reglement...
Inflation and Unemployment – a Correlative Analysis
The economic and financial crisis considered within the national behavior, within the behavior implied by the one involved by the overlapped context, within the mixed and overlapped behavior, both national and internatio...
Disparitate şi specificitate a preţurilor la consumator
Statistica este ştiinţa de cunoaştere cu cea mai mare sferă de cuprindere de aplicare şi utilizare a metodelor sale de culegere, prelucrare şi prezentare de date şi informaţii din diferite ramuri de activitate: industrie...