Journal article
What does America's energy revolution mean for China?
- Abstract:
- Recent development in the USA of technologies for extracting oil and natural gas from shale formations are changing the global energy landscape. Thanks to hydraulic fracturing or fracking, US oil production has grown from 5.1 million barrels a day in 2006 to 8 million in 2013 and US oil imports have dropped to their lowest level in 20 years. According to the International Energy Agency the USA will become the world’s number one oil producing country by 2015. In natural gas, US performance has been no less impressive. Natural gas production rose 50 per cent between 2005 and 2013, and the USA is about to assume an important role in the global market for liquefied natural gas (LNG).
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, pdf, 503.4KB, Terms of use)
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- Publication website:
- https://www.oxfordenergy.org/publications/oxford-energy-forum-issue-95/
Authors
- Publisher:
- Oxford Institute for Energy Studies
- Journal:
- Oxford Energy Forum More from this journal
- Issue:
- 95
- Pages:
- 36-38
- Publication date:
- 2014-04-14
- ISSN:
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0959-7727
- Language:
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English
- Keywords:
- Pubs id:
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2081539
- UUID:
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uuid:a85796cd-2181-4a14-9558-23ebcfa98b39
- Local pid:
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pubs:2081539
- Deposit date:
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2015-04-23
- ARK identifier:
Terms of use
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 2014
- Rights statement:
- © Oxford Institute for Energy Studies, 2014.
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