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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.
Energy is truly the world's most vital commodity. It makes modern societies possible, and the decisions made regarding it have far-reaching repercussions. Every day stories about the price of oil, the resurgence of nuclear power, or the latest clean energy alternative can be found in mainstream news outlets across the country. Yet despite its high profile, energy remains largely misunderstood. People are confused, intimidated and generally discouraged from learning about energy, partly because the topic is so large and opaque, but also because the resources that do exist fail to provide an overall picture the average reader can understand. Here, in easily accessible language accompanied by simple illustrations of difficult concepts, the authors lay out the basics of energy in a palatable and refreshing way. Readers are treated to a vivid presentation of the basics of energy science, alongside the politics, economics, and social issues that impact its harnessing, distribution, and use. Anyone interested in how energy truly works will find answers in these pages that shed light on the past, present, and future of world energy.
The rapid spread of ‘fracking’ (hydraulic fracturing) has temporarily boosted natural gas and oil production, particularly in the USA, but it has also sparked a massive environmental backlash in local communities. The fossil fuel industry is promoting fracking as the biggest energy development of the century, with seductive promises of energy independence and benefits to local economies. Snake Oil casts a critical eye on the oil-industry hype that has hijacked the discussion over energy security. This is the first book to look at fracking from both economic and environmental perspectives, informed by the most thorough analysis of shale gas and oil drilling data ever undertaken. Is fracking the miracle cure-all to our energy ills, or a costly distraction from the necessary work of reducing our fossil fuel dependence?
Terminology: Proved Reserves and Undiscovered Resources: The Importance of Terminology: The Example of the Bakken Formation; Conventional Versus Unconventional Oil and Natural Gas Deposits; (4) Authoritative Data Sources for U.S. Fossil Fuel Reserves and Resources (R&R); (5) U.S. Oil and Natural Gas R&R: Proved Reserves; Undiscovered Oil and Natural Gas R&R; Sub-Economic Oil and Natural Gas R&R; Shale Oil; Shale Gas; Methane Hydrates; Heavy Oil; (6) U.S. Coal R&R; (7) Expressing Fossil Fuels as Barrels of Oil Equivalent; (8) Overview of Global Fossil Fuel R&R; (9) U.S. Production and Consumption of Oil, Natural Gas, and Coal; Key Terms Used in Oil Statistics. Illus.
The Business of Sustainability is a core resource for policy makers, members of the development community, entrepreneurs, and corporate executives, as well as business and economics students and their professors. It contains rich analysis of how sustainability is being factored into industries across the globe, with enlightening case studies of businesses serving as agents of change. Contributing authors provide a groundbreaking body of research-based knowledge. They explain that the concept of sustainability is being re-framed to be positive about business instead of being tied to the old notion of a trade-off between business and society (that is, if business wins, society and the environment must lose), and they explore how economic development can contribute to building our common future.
This edition examines the production and use of natural gas, natural gas imports and exports, storage, and other pertinent topics.