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Deck 29: Coming Soon to a Terminal Near You
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Deck 29: Coming Soon to a Terminal Near You
1
What are the reasons for a so-called revolution in U.S. natural gas markets?
Synopsis of the Article:
The article is about energy requirement of various countries and the different resourcesthat are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Reasons for a so-called revolution in natural gas markets:
The existence of the so-called revolution in the natural gas markets in the country USA was due to the following reasons:
• The natural-gas market was deregulated in the country USA. This allowed the companies to compete.
• The deregulation also encouraged the companies to implement technologies to extract gas.
• There was also motivation to the new entrants in the market as the market was now open to all.
Thus, the natural gas market was revolutionized and the gas was supplied through pipelines.
The article is about energy requirement of various countries and the different resourcesthat are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Reasons for a so-called revolution in natural gas markets:
The existence of the so-called revolution in the natural gas markets in the country USA was due to the following reasons:
• The natural-gas market was deregulated in the country USA. This allowed the companies to compete.
• The deregulation also encouraged the companies to implement technologies to extract gas.
• There was also motivation to the new entrants in the market as the market was now open to all.
Thus, the natural gas market was revolutionized and the gas was supplied through pipelines.
2
What is fracking?
Synopsis of the Article:
The article is about energy requirement of various countries and the different resources that are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Fracking:
The term 'fracking' refers to a way of extraction of natural gas by horizontal drilling and implementing high-pressure for breaking the shales. Shales are normally difficult to permeate. But the use of this technology helps in extraction of natural gas from shale.
The article is about energy requirement of various countries and the different resources that are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Fracking:
The term 'fracking' refers to a way of extraction of natural gas by horizontal drilling and implementing high-pressure for breaking the shales. Shales are normally difficult to permeate. But the use of this technology helps in extraction of natural gas from shale.
3
What are the three distinct global markets for natural gas, and how and why do they differ?
Synopsis of the Article:
The article is about energy requirement of various countries and the different resources that are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Three distinct global markets of natural gas:
The three distinct global markets of natural gas are:
• The country North America (NA)
• The country Europe (E) and
• The continent Asia (As)
Reason for difference between global markets of natural gas:
The three global markets are distinctly different from each other as they differ in their prices. The prices are low in NA as the markets are deregulated and new players can enter in the market thus, making it a competitive market. The prices are high in As because most of the business in oil and natural gas are done by long-term contracts. The price in E lie in between that of NA and As. The markets of NA and As lie in two extremes regarding price and E lies in the middle.
The article is about energy requirement of various countries and the different resources that are available to fulfil this requirement. The main energy resources that are compared in this article are oil, natural gas, and shale gas. The article further states the various markets where different energy resources are utilized. It also explains how the presence of other energy resources will affect the existing market.
Three distinct global markets of natural gas:
The three distinct global markets of natural gas are:
• The country North America (NA)
• The country Europe (E) and
• The continent Asia (As)
Reason for difference between global markets of natural gas:
The three global markets are distinctly different from each other as they differ in their prices. The prices are low in NA as the markets are deregulated and new players can enter in the market thus, making it a competitive market. The prices are high in As because most of the business in oil and natural gas are done by long-term contracts. The price in E lie in between that of NA and As. The markets of NA and As lie in two extremes regarding price and E lies in the middle.
4
How is this revolution likely to weaken the strategic importance of some energy producing countries?
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