The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale

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Publisher :
ISBN 13 : 9781457865299
Total Pages : 48 pages
Book Rating : 4.8/5 (652 download)

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Book Synopsis The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale by : Ron Gecan

Download or read book The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale written by Ron Gecan and published by . This book was released on 2015-01-10 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources -- that is, crude oil and natural gas trapped in shale and certain other dense rock formations. As a result, the cost of that "tight oil" and "shale gas" has become competitive and the development of shale resources has boomed in the U.S. Shale development has also affected the federal budget, chiefly by increasing tax revenues. This production will continue to grow rapidly over the next 10 years. Contents of this report: Hydraulic Fracturing and Shale Resources; Effects on Energy Markets; Effects on Economic Output; Effects on the Federal Budget: Tax Revenues, and Payments for Federally Owned Resources; Effects on the Environment. Tables and figures. This is a print on demand report.

The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale

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Publisher : CreateSpace
ISBN 13 : 9781511570176
Total Pages : 46 pages
Book Rating : 4.5/5 (71 download)

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Book Synopsis The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale by : Congressional Budget Congressional Budget Office

Download or read book The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale written by Congressional Budget Congressional Budget Office and published by CreateSpace. This book was released on 2015-04-03 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources-that is, crude oil and natural gas trapped in shale and certain other dense rock formations.1 As a result, the cost of that "tight oil" and "shale gas" has become competitive with the cost of oil and gas extracted from other sources. Virtually nonexistent a decade ago, the development of shale resources has boomed in the United States, producing about 3.5 million barrels of tight oil per day and about 9.5 trillion cubic feet (Tcf ) of shale gas per year. Those amounts equal about 30 percent of U.S. production of liquid fuels (which include crude oil, biofuels, and natural gas liquids) and 40 percent of U.S. production of natural gas. Shale development has also affected the federal budget, chiefly by increasing tax revenues. The production of tight oil and shale gas will continue to grow over the next 10 years"by about 30 percent and about 60 percent, respectively, according to a recent projection by the Energy Information Administration (EIA). Another EIA estimate shows that the amount of tight oil and shale gas in the United States that could be extracted with todays technology would satisfy domestic oil consumption at current rates for approximately 8 years and domestic gas consumption for 25.

Producing Oil and Natural Gas from Shale

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Publisher :
ISBN 13 : 9781634821278
Total Pages : 127 pages
Book Rating : 4.8/5 (212 download)

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Book Synopsis Producing Oil and Natural Gas from Shale by : Joelle Bolton

Download or read book Producing Oil and Natural Gas from Shale written by Joelle Bolton and published by . This book was released on 2015 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent advances in combining two drilling techniques, hydraulic fracturing and horizontal drilling, have allowed access to large deposits of shale resources--that is, crude oil and natural gas trapped in shale and certain other dense rock formations. As a result, the cost of that "tight oil" and "shale gas" has become competitive with the cost of oil and gas extracted from other sources. Virtually nonexistent a decade ago, the development of shale resources has boomed in the United States, producing about 3.5 million barrels of tight oil per day and about 9.5 trillion cubic feet (Tcf) of shale gas per year. This book discusses the economic and budgetary effects of producing oil and natural gas from shale. It also examines the production, infrastructure, and market issues in U.S. shale gas development; and potential budgetary effects of immediately opening most federal lands to oil and gas leasing.

Modern Shale Gas Development in the United States

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Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Modern Shale Gas Development in the United States by :

Download or read book Modern Shale Gas Development in the United States written by and published by . This book was released on 2009 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Future of Shale: The US Story and Its Implications

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis The Future of Shale: The US Story and Its Implications by :

Download or read book The Future of Shale: The US Story and Its Implications written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Implications of Lower Oil Prices

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Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

The Fracking Debate

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Publisher : Columbia University Press
ISBN 13 : 0231545711
Total Pages : 255 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Fracking Debate by : Daniel Raimi

Download or read book The Fracking Debate written by Daniel Raimi and published by Columbia University Press. This book was released on 2017-12-26 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over roughly the past decade, oil and gas production in the United States has surged dramatically—thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as “fracking.” This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate directly addresses the most common questions and concerns associated with fracking: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with lessons from his travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse. The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.

Shale Oil and Gas

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Publisher : RTI Press
ISBN 13 : 1934831077
Total Pages : 184 pages
Book Rating : 4.9/5 (348 download)

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Book Synopsis Shale Oil and Gas by : Vikram Rao

Download or read book Shale Oil and Gas written by Vikram Rao and published by RTI Press. This book was released on 2015-08-09 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Promise and the Peril

Budget and Economic Outlook

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Publisher : Government Printing Office
ISBN 13 : 9780160927430
Total Pages : 184 pages
Book Rating : 4.9/5 (274 download)

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Book Synopsis Budget and Economic Outlook by : Congressional Budget Office

Download or read book Budget and Economic Outlook written by Congressional Budget Office and published by Government Printing Office. This book was released on 2015-02-15 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the state of the United States economy and the Federal budget.

Oil and Gas Production Handbook: An Introduction to Oil and Gas Production

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Publisher : Lulu.com
ISBN 13 : 1105538648
Total Pages : 84 pages
Book Rating : 4.1/5 (55 download)

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Book Synopsis Oil and Gas Production Handbook: An Introduction to Oil and Gas Production by : Havard Devold

Download or read book Oil and Gas Production Handbook: An Introduction to Oil and Gas Production written by Havard Devold and published by Lulu.com. This book was released on 2013 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Shale Dilemma

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Publisher : University of Pittsburgh Press
ISBN 13 : 082298301X
Total Pages : 287 pages
Book Rating : 4.8/5 (229 download)

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Book Synopsis The Shale Dilemma by : Shanti Gamper-Rabindran

Download or read book The Shale Dilemma written by Shanti Gamper-Rabindran and published by University of Pittsburgh Press. This book was released on 2017-11-30 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US shale boom and efforts by other countries to exploit their shale resources could reshape energy and environmental landscapes across the world. But how might those landscapes change? Will countries with significant physical reserves try to exploit them? Will they protect or harm local communities and the global climate? Will the benefits be shared or retained by powerful interests? And how will these decisions be made? The Shale Dilemma brings together experts working at the forefront of shale gas issues on four continents to explain how countries reach their decisions on shale development. Using a common analytical framework, the authors identify both local factors and transnational patterns in the decision-making process. Eight case studies reveal the trade-offs each country makes as it decides whether to pursue, delay, or block development. Those outcomes in turn reflect the nature of a country's political process and the power of interest groups on both sides of the issue. The contributors also ask whether the economic arguments made by the shale industry and its government supporters have overshadowed the concerns of local communities for information on the effects of shale operations, and for tax policies and regulations to ensure broad-based economic development and environmental protection. As an informative and even-handed account, The Shale Dilemma recommends practical steps to help countries reach better, more transparent, and more far-sighted decisions.

The 'shale Gas Revolution'

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (844 download)

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Book Synopsis The 'shale Gas Revolution' by : Paul Stevens

Download or read book The 'shale Gas Revolution' written by Paul Stevens and published by . This book was released on 2010 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This report received a Special Note in the Publication of the Year category at the Prospect Think Tank Awards 2011"--Publisher.

Peaking of World Oil Production

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Publisher : Nova Science Publishers
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Peaking of World Oil Production by : Robert Louis Hirsch

Download or read book Peaking of World Oil Production written by Robert Louis Hirsch and published by Nova Science Publishers. This book was released on 2007 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.

Georgetown Journal of International Affairs, Summer/Fall 2015

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Publisher : Georgetown University Press
ISBN 13 : 162616259X
Total Pages : 276 pages
Book Rating : 4.6/5 (261 download)

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Book Synopsis Georgetown Journal of International Affairs, Summer/Fall 2015 by : Mike Fox

Download or read book Georgetown Journal of International Affairs, Summer/Fall 2015 written by Mike Fox and published by Georgetown University Press. This book was released on 2015-07-31 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Georgetown Journal of International Affairs is the official publication of the Edmund A. Walsh School of Foreign Service at Georgetown University. Each issue of the journal provides readers with a diverse array of timely, peer-reviewed content penned by top policymakers, business leaders, and academic luminaries. The theme of this issue will be a look at the United Nations past, present, and future, to commemorate its 70th anniversary. The secondary theme will be global development.

The Power Surge

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Publisher : Oxford University Press
ISBN 13 : 0199390029
Total Pages : 267 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Power Surge by : Michael Levi

Download or read book The Power Surge written by Michael Levi and published by Oxford University Press. This book was released on 2014-10 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at the clash between gas/oil proponents and supports of alternative energies and offers a plan for the future that combines the best of both worlds.

Oil and Gas Exploration and Production

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Publisher : Editions TECHNIP
ISBN 13 : 2710809753
Total Pages : 328 pages
Book Rating : 4.7/5 (18 download)

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Book Synopsis Oil and Gas Exploration and Production by : Nadine Bret-Rouzaut

Download or read book Oil and Gas Exploration and Production written by Nadine Bret-Rouzaut and published by Editions TECHNIP. This book was released on 2011 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions by D. Babusiaux (IFP Energies nouvelles), S. Barreau (IFP Energies nouvelles), P.-R. Bauquis (Total), N. Bret-Rouzaut (IFP Energies nouvelles), A. Chétrit (Total), P. Copinschi (IFP Energies nouvelles), J.-P. Favennec (IFP Energies nouvelles), R. Festor (Total), E. Feuillet-Midrier (IFP Energies nouvelles), M. Grossin (Total), D. Guirauden (Beicip), V. Lepez (Total), P. Sigonney (Total) et M. Valette (Total). The first edition of this book has been selected for inclusion in Choice’s annual Outstanding Academic titles list. It has been rewarded for its excellence in scholarship and presentation, the significance of its contribution to the field, and its value as important treatment of the subject. The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world. This book provides a complete overview of the stakes and challenges involved in oil and gas exploration and production. Following a historical review and a survey of the markets, the technical phases are covered, as are the evaluation of reserves, the estimation of investments and costs, the decision-making and control processes, and the accounting, legal and contractual environment for these activities. The book concludes with a discussion of the role of safety, and of environmental and ethical issues. This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all. This second edition takes into account the huge changes in the oil and gas industry, particularly the large increases in oil prices, investments and costs observed since the first edition. This book is available in French under the title "Recherche et production du pétrole et du gaz". Contents : 1. Petroleum: a strategic product. 2. Oil and gas exploration and production. 3. Hydrocarbon reserves. 4. Investments and costs. 5. Legal, fiscal and contractual framework. 6. Decision-making on exploration and production. 7. Information, accounting and competition analysis. 8. Health, safety, the environment, ethics. Bibliography. Glossary. Index.

The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475551363
Total Pages : 25 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States by : Mr.Benjamin Hunt

Download or read book The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States written by Mr.Benjamin Hunt and published by International Monetary Fund. This book was released on 2015-05-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses two of the IMF's structural macroeconomic models to estimate the potential global impact of the boom in unconventional oil and natural gas in the United States. The results suggest that the impact on the level of U.S. real GDP over roughly the next decade could be significant, but modest, ranging between 1 and 11⁄2 percent. Further, while the impact on the U.S. energy trade balance will be large, most results suggest that its impact on the overall U.S. current account will be negligible. The impact outside of the United States will be modestly positive on average, but most countries dependent on energy exports will be affected adversely.