Shale Gas Revolution And Potential Impact On World Energy Markets

Shale Gas Revolution And Potential Impact On World Energy Markets
Dr Slava Mikhaylov

1) What is shale?

A geological structure that has tiny pockets of gas or oil.

2) How does shale extraction happen?

Drill is turn sideways (horizontal) and use water, sand and small explosions - hydraulic fracturing - to break up scale formation - creates tiny fissures all over the scale formation - these fissures allows gas/oil to flow - has enabled engineers to extract/unlock new resources that are not associated with conventional technology but through horizontal drilling and hydraulic-fracturing.

3) True or False? Shale gas is renewable

False

4) What is the ...

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need careful consideration in order to mine shale?

Delivery and distributions system (roads, pipelines, water, ports)

7) What kinds of considerations does the extraction process give rise to?

Who is responsible? Government (at what scale? - local or national?) Public policy (should money be better spent on other infrastructure/services?) Private sector (to what extent should the venture be solely privately owned?) Foreign investors (how much control? How should costs and profits be allocated?)

8) Which issue primarily affects mining in China

Issue of water - need a lot of water to mine shale - China suffers from water scarcity - there is a lot of competition for this resource.

9) What consideration does the shale basin in Poland bring for public policy?

Same technology can produce shale oil, shale gas and mud (which contain both oil and gas) from the same/neighbouring spaces. But need to consider whether to apply same or different tax ...

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"Shale Gas Revolution And Potential Impact On World Energy Markets." Essayworld.com. August 11, 2013. Accessed April 19, 2021. http://www.essayworld.com/essays/Shale-Gas-Revolution-Potential-Impact-World/102900.
"Shale Gas Revolution And Potential Impact On World Energy Markets." Essayworld.com. August 11, 2013. Accessed April 19, 2021. http://www.essayworld.com/essays/Shale-Gas-Revolution-Potential-Impact-World/102900.
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PAPER DETAILS
Added: 8/11/2013 11:30:55 AM
Submitted By: ydcydc
Category: Business
Type: Free Paper
Words: 460
Pages: 2

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