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: 1053


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 Innography Comes of Age
    Wednesday, 20th August 2014

    Following her review of Innography and its key intellectual property products, Cathy Chiba considers the company's evolution and the value it offers its customers.

  • Click to view the article A User-Centred Approach to Privacy
    Wednesday, 20th August 2014

    There's been a lot of focus on data privacy recently and news stories often show how organisations are failing to protect their customers' data but are users doing enough to protect themselves? This article looks at how users and organisations can better protect personal data.

  • Click to view the article Due Diligence - from Business Burden to Business Benefit
    Tuesday, 19th August 2014

    Organisations face growing legal and reputational risks associated with doing business. These risks have become even more significant because of mounting pressure from regulators and an increase in business carried out in higher risk jurisdictions. Increasingly complex business regulations such as the US Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act ensure that companies thoroughly examine third-party relationships to tackle the risk of money laundering, bribery and corruption and sanctions regimes. Mark Dunn looks at what the law says regarding Anti-Money Laundering and Anti-Bribery & Corruption, and how organisations can mitigate the risk of becoming involved in corruption through third parties (e.g. agents, suppliers) by implementing a simplified or Enhanced Due Diligence process.

  • ... 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

"FreePint's CoPs are: 'extremely relevant' and 'well worth attending'." Information Centre Manager, Financial, Government

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 »