WHAT CHANGE CAN THE NEW DEVELOPMENTS IN ENERGY SECTOR BRING INTO THE WORLD`S ENERGYPOLITICAL AND GEOPOLITICAL ORDER?
Journal Title: Journal of Economic Development, Environment and People - Year 2014, Vol 3, Issue 4
Abstract
The recent developments bring US to a leading natural gas and oil producer position. The attempts in last 20 years to bring new horizontal drilling and hydraulic fracturing technologies together have developed a success in shale gas and oil production in US; the production volumes has reached to a position to redefine the market. Last estimations are bringing more information about the shale capacities of the major basins of the world. However, the estimates are based on a wide range of assumptions and consequently their results vary in a large scale. In any case, these developments have crucial economic, political and geopolitical consequences on the energy market, petroleum producer and consumer countries and regions. Despite the wide range of ambiguity of the estimated size of the resources, the estimations show US and North America has one of the biggest potential, already turning technology into the giant production numbers. Some of the estimations allege so big numbers can even mean to a new world order. The asymmetric nature of the potential, can also be said, increases some of the expected impacts too. In this study, basically, we want to supply an initial solid and economical evaluation to this ambiguity. We are trying to shape a frame for the new energy potential and to put it in a place in the current practice of the world. Secondly, in this context, we are underlying here some of the possible economic and geopolitical consequences each of which can constitute a subject of deeper study.
Authors and Affiliations
Onur TUTULMAZ
Keywords
Related Articles
- EP ID EP444570
- DOI 10.26458/jedep.v3i1.91
- Views 69
- Downloads 0
FOOD QUALITY CERTIFICATES AND RESEARCH ON EFFECT OF FOOD QUALITY CERTIFICATES TO DETERMINATE IGNORED LEVEL OF BUYING BEHAVIORAL: A CASE STUDY IN HITIT UNIVERSITY FEAS BUSINESS DEPARTMENT
Hulya CAGIRAN KENDIRLI, Gürkan ULUSOY ABSTRACT Nowadays, food and food industry has become one of the most important sectors for manufacturers and consumers. Many countries of the world including Turkey have been deve...
THE ROLE OF SOCIAL MEDIA IN THE ‘SYRIAN UPRISING’
Araz Ramazan Ahmad, Nazakat Hussain Hamasaeed Hussain Hamasaeed This paper, which is entitled ‘The Role of Social Media in the ‘Syrian Uprising’ aimed to report on survey research conducted which identify the role of p...
MANAGEMENT OF INNOVATIVE PROJECTS THROUGH AGILE TECHNOLOGY
Because of the globalization and the evolution of internet and technologies, nowadays the innovation is associated with open collaboration conducted by a legal framework. The paper analyses the methods that allow a bette...
ALTERNATIVE FORMS FOR PROMOTION AND DISSEMINATION OF GOOD MANAGEMENT PRACTICES
At the present stage actuality of the problem is predetermined by the needs of the real management practice in organizations and the need to offer theoretical and practical knowledge to enable it methodologically correct...
Factors that Could Affect the Financial Sustainability of the Pension System in Romania
In Romania, the Social State Security Budget spending exceeds the revenues, and this situation leads to a growing deficit of the public budget. This evolution is the result of many factors, more or less difficult to be m...