THE UNCONVENTIONAL HYDROCARBONS UPSURGE: ECONOMIC, ENVIRONMENTAL AND GEOPOLITICAL IMPACT
THE UNCONVENTIONAL HYDROCARBONS UPSURGE: ECONOMIC, ENVIRONMENTAL AND GEOPOLITICAL IMPACT

Summary/Abstract: The present paper discusses the economic, environmental, and geopolitical consequences of the ongoing unconventional hydrocarbons ―revolution‖ in North America. It offers a conceptual framework and attends to the contentious issues surrounding the environmental and social acceptability of shale gas. It explains the technological and financial specifics of shale operations, and derives the geopolitical implications of this game-changing process, under the conservative assumption that the upsurge will not be exportable in any significant measure before the end of the current decade. Eventually, the prospect of the Romanian shale gas exploration and production is discussed.

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