Shale gas and oil: fundamentally changing global energy markets

Roberto F. Aguilera Curtin University Perth, Australia Marian Radetzki Lulea University of Technology Lulea, Sweden This article draws upon an extensive text under publication in the academic journal Mineral Econonics. Shale production on a significant scale arose quite recently and is so far limited to the US with gas having a few years' lead on oil. Fig. 1 reveals that shale has already had a significant impact on US gas and oil output. In our view, this is just a humble beginning. Further sizable production increases can be expected in the US, and the shale revolution is likely to spread, with a lag, across the globe. This will result in fundamental repercussions for international e...

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