U.S. shale gas trends - Economic and global implications

Abstract

Natural gas from shale has moved the U.S., and North America more broadly, to become one of the largest producers of the commodity worldwide. Large technological gains have allowed reservoirs of unconventional hydrocarbons to become commercially viable to extract and market. The addition of this growing supply into the global marketplace, has upended longstanding trading patterns, and created new economic outcomes worth noting. This paper will discuss the recent trends of shale energy development in the U.S., the impact it is having on domestic and international markets, and the implications as the world shifts to a new low carbon energy paradigm. It will cover changes in workforce, midstream build out, power generation trends, petrochemicals, and emerging LNG export capacities.