Tag Archives: Shale gas
Source: Wikimedia Commons

Europe moves to reduce energy dependency on Russia

The Ukrainian crisis and sour relations with Russia highlight the need to address the EU’s energy security issues. The recent EU Ypres summit decision might be an important step in this direction. In late May, the European Commission unveiled the new European Energy Security Strategy (EESS) with key recommendations on how to improve the EU’s […]

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oil drilling

US Decline Series: Shale transforms the US into a global energy giant

Technological innovations and a positive regulatory framework are transforming the United States into a major energy player that is beginning to change the global energy outlook. This GRI series challenges the myth of the American decline. The US energy boom is not a coincidence. Rather, it is the product of three decades of systematic efforts to […]

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IMF forecasts Russian economic slowdown

Questions arise over the long-term viability of the Russian economy after the IMF downgrading of Russia’s GDP forecast from an estimated 2.5 to 1.5 percent in 2013 and 3.25 to 3 percent in 2014. This followed an internal forecast from the Russian Ministry of Economic Development, which slashed the country’s predicted growth rate to 2.5 […]

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Shale gas in China

The shale gas revolution is about to hit China

Shale gas extraction shows promising signs in China. The current 5-year plan aims to produce 60-100 billion cubic meters by 2020, so look for a more cohesive Chinese approach to stimulating shale gas production over the next coming years. The extraction of gas and oil from shale rock formations in the United States has resulted […]

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Record Oil Outputs in Saudi Fail to Ease Shortage Anxiety

Saudi Arabia, along with OPEC neighbors Kuwait and the United Arab Emirates, exported a record high of crude oil this August. Despite pumping out 10.2 million barrels per day, the fastest rate in 32 years, Saudi Arabia was unable to offset OPEC’s 0.8 percent decrease in oil production, attributed largely to instability in Libya and […]

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Liquefied Natural Gas

Debate Over U.S. Natural Gas Exports Heats Up

The consequences of the shale gas and oil energy revolution in the United States have had a great impact on the U.S. industry and economy. The benefits are by now widely visible. The price of natural gas has decreased to its lowest level in decades, which hugely benefited the energy demanding sectors of U.S. industry. […]

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Interview: High Oil Prices Are Here to Stay

There has been a lot of market anxiety over the recent surge in oil prices. Crude oil prices have hit a two-year high. Many believe this is because of traders’ fears over the recent talk of potential U.S. intervention in Syria. Basim Al-Ahmadi, co-founder of GRI, sat down with Oskar Slingerland, who was an oil industry […]

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renewable energy

Clean Energy Damages Europe’s Competitiveness

For years Europe has been at the forefront of the renewable energy revolution, promoting and establishing global rules in this sector. There are signs however that this trend might change. The economic crisis has forced many European countries to reassess their clean energy policies, heavily reliant on substantial, and often irrational subsidies, that have started […]

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Campaign against shale gas and fracking

Is Shale Gas Excitement in Eastern Europe Unwarranted?

Hydraulic fracturing, or fracking, as it is commonly known, is the method of extracting natural gas from shale rock. Despite environmental concerns over the process of pumping water and chemicals deep into the earth to force out gas which is otherwise trapped, some say that a European shale revolution is on its way. Countries such […]

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David Cameron’s Energy Strategy Faces Tough Challenges

In early August, UK Energy and Business Minister Michael Fallon opened the second largest offshore wind farm in the world. The Greater Gabbard wind farm, off the coast of Sussex, is worth £1.3 billion and can supply half a million UK households with clean electric energy. This is another step towards the new UK government […]

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