2019
DOI: 10.3390/su11061627
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Global Shale Revolution: Successes, Challenges, and Prospects

Abstract: This study reveals the current problems and prospects of developing shale oil and gas industries in the USA, Canada, Mexico, Poland, Russia, China, India, and Australia. This approach allows a comprehensive and wide view on the industry and its geography. A brief review of the technologies implemented in the shale industry is provided. The key aim of the paper is to compare the hydrocarbon market conjuncture and economic environment (including financial), in the above-mentioned states, in order to reveal the f… Show more

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Cited by 31 publications
(11 citation statements)
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“…If this boom longevity was questioned since its onset (Hugues, 2013(Hugues, , 2014Heinberg, 2014), oil production curves still diverged from existing be attributed to five groups: extreme optimist, optimist, moderate, pessimist, and extreme pessimist (Long, 2018). 8 The Shale Revolution seems difficult to replicate elsewhere, at least with a similar pace and magnitude (Salameh, 2013;Saussay, 2018;Salygin et al, 2019).…”
Section: Literature Reviewmentioning
confidence: 99%
“…If this boom longevity was questioned since its onset (Hugues, 2013(Hugues, , 2014Heinberg, 2014), oil production curves still diverged from existing be attributed to five groups: extreme optimist, optimist, moderate, pessimist, and extreme pessimist (Long, 2018). 8 The Shale Revolution seems difficult to replicate elsewhere, at least with a similar pace and magnitude (Salameh, 2013;Saussay, 2018;Salygin et al, 2019).…”
Section: Literature Reviewmentioning
confidence: 99%
“…The countries are in definite need to find new energy sources, the most convenient of which seem to be unconventional energy sources or shale oil and gas resources. The shale industry is on the rise, especially in the context of American shale oil and gas, but its ecological side is murky (Salygin et al, 2019). The alternative energy sources are solar, wind and marine.…”
Section: Brief Overview Of the Energy Resources Of The Balkan Peninsulamentioning
confidence: 99%
“…The growth trend is low, the 6-year growth was equal to 8,89 %, with a slight slowdown last year, so the shale oil development did not contribute much to the overall dynamic of the oil extraction in Russia. Unlike the US oil industry, the Russian one did not follow the trend of shale oil revolution for the following reasons:  The US regulations on private natural resources development provide more opportunities for the entrepreneurs than the Russian ones [10].…”
Section: The Shale Resources Of the Russian Federationmentioning
confidence: 99%