American Shale Energy and the Global Economy
Business and Geopolitical Implications of the Fracking Revolution
- 2018
- Buch
- Verfasst von
- Prof. Andrew R. Thomas
- Buchreihe
- SpringerBriefs in Business
- Verlag
- Springer International Publishing
Über dieses Buch
This brief explores the business and global implications of the American shale energy, or natural gas, revolution. Specifically, it provides a rational, comprehensive look at the major business themes and management implications that surround the new abundance of natural gas in the United States and identifies some of the most significant geopolitical considerations globally. While acknowledging some of the controversies and hazards surrounding the extraction techniques, commonly known as “fracking”, the author also looks at the hopes this technique poses and details how shale energy will impact supply chains for firms.
The discovery of new sources of domestic natural gas in recent years - coupled with innovations that facilitated their extraction - has altered the global landscape. However, the vast majority of the information out there for business students, faculty, and practitioners about the natural gas revolution is focused on the impact of “longer and lower” energy prices; and, secondarily, opportunities within the domestic energy sector. Each of these is crucial for business people to understand, however, the natural gas revolution is about much more. Companies of all sizes, whether they see it or not, are having new opportunities open up for their products and services. Further, the globalization of shale energy will have far reaching influence beyond simply economic factors. Geopolitical considerations and the re-structuring of international relations around shale energy will impact supply chains in a myriad of ways. This book aims to examine these opportunities.
Featuring case studies from contemporary companies, this book will be of interest to students, academics, researchers, professionals and policy makers who are seeking to understand the business and global implications of the shale energy revolution.
Inhaltsverzeichnis
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Frontmatter
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1. No One Saw This Coming
Andrew R. ThomasAbstractFebruary 24, 2016 was a historic day for business and the global economy. If you were only paying attention to the “news of the day,” you might have missed a ground-shaking event. Many folks were likely talking about the Grammy Awards, which were held the night before. For political junkies, the focus was on the quadrennial shouting match that is the Presidential Primary Season. Baseball fans surely were looking forward to Spring Training. Yet, as all of this was unfolding on the glowing screens we constantly seem to stare at, something else much more profound, yet subtle, was going on. That day marked the first time natural gas was exported from the USA in more than 40 years. And, while the words “natural gas” and “exports” don’t resonate with most people nearly as much as “Jay Z,” “Clinton,” “Trump,” “Cubs,” “Indians,” or “Yankees” do, the impact of the USA once again producing and exporting ever-larger amounts of natural gas amounts to a true revolution. In every sense of the word. -
2. How We Got to Now: A Brief History of the Shale Energy Revolution
Andrew R. ThomasAbstract-
The Carbon Age burst out of its adolescence during World War 1.
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Supported by its domestic energy prowess and access to foreign oil, the United States rose to global dominance as the undisputed superpower during and after World II.
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The American-created Bretton Woods System bolstered global capitalism, which has underpinned and maintained an unprecedented era of peace and prosperity around the world.
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Global capitalism and its many benefits are intimately tied to a reliable and secure hydrocarbon supply.
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Energy shocks starting in the 1970s raised real doubts about the future of American energy security, the sustainability of American Empire, and, the overall future of global capitalism.
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Early Twenty-First Century innovative developments in energy extraction from shale rock—originating in the USA—coupled with unique characteristics of the American society have altered the global energy landscape.
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3. Business and Geopolitical Implications of American Shale Energy
Andrew R. ThomasAbstract-
High-quality and low-cost domestic Natural Gas Liquids (NGLs) are fuelling a renaissance in US manufacturing.
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Appalachia is positioned to be the natural gas capital of America, and the center of advanced plastics production in the world.
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American exports of shale energy are surging, providing new opportunities for US firms and the economy.
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Driven by domestic political considerations and its new energy security, America’s commitment to the post-World War II international system is waning.
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American foreign policy will be much more reactive, unpredictable, and insular than anytime in the past.
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With American security guarantees being removed from around the world, the threat of major wars and conflicts will reappear, as geopolitics “returns to history.”
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Backmatter
- Titel
- American Shale Energy and the Global Economy
- Verfasst von
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Prof. Andrew R. Thomas
- Copyright-Jahr
- 2018
- Electronic ISBN
- 978-3-319-89306-8
- Print ISBN
- 978-3-319-89305-1
- DOI
- https://doi.org/10.1007/978-3-319-89306-8
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