Global energy demand and its geopolitical and socioeconomic implications: Which role would shale resources have?

Abstract

This paper discusses the geopolitical and socioeconomic implications the development of shale gas (& oil) has had in the US. The approach has been that of placing shale gas under erasure (or sous rature). In other words, the assumption that shale is currently both present/absent was made to answer the question of whether it can actually be considered as a resource. Moreover, the success of the “shale revolution” in the US has not only had an impact on the International Oil & Gas, Petrochemical, natural resource and renewable markets, but it has also triggered certain geopolitical events which are modifying the role played by nations globally. Finally, it is suggested that under the prevailing circumstances these unconventional resources appear to still be more of a challenge than part of the solution to the ever growing energy demand, and production of goods associated with societal needs/aspirations worldwide.