Home > DocuBase > Article

« All DocuBase Articles

 

Follow DocuTicker on Twitter Bookmark and Share   Feed

Saturday, 10th May 2014

The Economic Impact on UK Energy Policy of Shale Gas and Oil

Source: House of Lords Economic Affairs Committee (UK)

From Abstract:

The shale gas revolution in the United States has illustrated the economic opportunity offered to the United Kingdom by its own shale gas resources—if they can be developed successfully. We strongly support the Government in their objective to exploit these resources but believe they need to do much more to encourage exploration and get development moving.

In the US, new production techniques using horizontal drilling and hydraulic fracturing (fracking) to release gas from shale rocks have brought abundant and growing new supplies of gas to market in a short time. Shale oil production is also growing rapidly. The US energy mix has changed fast....

The effects of the US revolution are already being felt globally. The UK and Germany, for instance, are generating more electricity from US coal displaced by shale gas. North America is expected soon to become self-sufficient in energy and a large exporter of shale gas in the form of liquefied natural gas (LNG). Many other countries have also been alerted to the economic potential of their own shale resources and expect to develop them.

Patterns of global trade in energy seem likely to change, reducing dependence on the Middle East and Russia and promoting energy security through greater diversity of supply. The impact on prices is harder to predict. Gas prices, unlike oil prices, are regional rather than global. World price cuts on the US scale are unlikely. But abundant new shale gas supplies are bound to have a restraining effect on prices....

Development of shale gas in the UK cannot go ahead without public acceptance. Public concerns must be taken seriously and every possible effort made to reduce or eliminate risk and provide reassurance. We consider that the risks to human health and the environment are low if shale development is properly regulated, with the improvements we recommend. We welcome the community benefit schemes announced by the industry which, if well-targeted, could play a role in winning public acceptance. We also recommend that the industry improves its presentation and communication skills and puts across more convincingly the economic and employment gains shale development can bring to areas like Lancashire.

+ Direct link to document (PDF; 6.8 MB)


Category:

Source:

Views: 1079


Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles

 

FreePint

FreePint supports the value of information in the enterprise. Read more »


FeedLatest FreePint Content:


  • Click to view the article Subscription Update - What's New and What's Coming
    Tuesday, 21st October 2014

    Find out what's new and upcoming in FreePint's Content, Community, and Consulting - including reviews, Q&As and source updates, plus webinars on subjects from our changing need for news to getting the C-suite's attention, and an update on FreePint's Community of Practice and consulting services.

  • Click to view the article Red Flag Alert - Comprehensive UK Company Data
    Tuesday, 21st October 2014

    Red Flag Alert has over 7.5 million records on every business in the UK from sole trader to limited and quoted companies. Data is provided by D&B and Companies House and although aimed primarily at those in the legal and financial sectors, Red Flag Alert would be useful for anyone needing UK company data.

  • Click to view the article Keeping Control of Copyright Compliance
    Tuesday, 21st October 2014

    Copyright is an important concern for every organisation involved in information-sharing but can be a complex area to navigate. With the dramatic increase in the emergence of digital information over the last 20 years, the challenges presented are far-reaching. This article takes a look at copyright law in the UK as well as some of the ways users can remain copyright-compliant.

  • ... more ...

All FreePint Content »
FreePint Topics »


A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.


FreePint Testimonials

"First of all, let me thank you for your time in reviewing PharmaCircle. We certainly appreciate your effort, comments and professionalism. We ..."

Read more testimonials and supply yours »







 

 
 
 

Subscribe

Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »