Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-v9fdk Total loading time: 0 Render date: 2024-11-19T15:25:07.706Z Has data issue: false hasContentIssue false

10 - Environmental issues arising from the revolutions

from PART II - THE SHALE AND CONVENTIONAL OIL REVOLUTIONS: LOW PRICES AHEAD

Published online by Cambridge University Press:  05 November 2015

Roberto F. Aguilera
Affiliation:
Curtin University, Perth
Marian Radetzki
Affiliation:
Luleå Tekniska Universitet, Sweden
Get access

Summary

The methods employed in the extraction of shale resources have aroused widespread environmental concerns. Passionate debate has ensued, with arguments that are sometimes backed by evidence and other times incited by emotions. One of the potential constraints to a global spread of the shale and conventional oil revolutions, or indeed, a continued expansion of the revolutions in the US, is the environmental impact, whether legitimate or perceived. The concerns – most of which relate to intensive water use, contamination of drinking water, emission of greenhouse gases and induced earthquakes – have received much attention, and have proven powerful in influencing policy; in some cases, to the detriment of the shale industry. For those who follow energy issues, the major cause of the worries will be well known: fracking, which has become a nickname for hydraulic fracturing. It is one of the key technologies that enabled the shale revolution and the associated dramatic turnaround of oil production in the US. The method is already used around the world; in fact, it has been used for many decades. However, the recent environmental concerns have led to bans or moratoriums in France, Bulgaria and some parts of the US and Canada. Several other countries or provinces/states have introduced proposals to ban fracking, while others that had previously imposed moratoriums are considering lifting them.

The continued use of fracking will be an imperative factor in determining the expansion of the shale and conventional oil revolutions internationally and thus the potentially substantial economic and geopolitical impacts for energy producing and consuming nations. But for the revolutions to take place, it will be essential that the extraction methods be applied in an environmentally responsible manner. This will help gain public acceptance, which will also be necessary, for without that approval, the revolutions will surely lag. It must be noted that the US and other countries with some shale activity at present (e.g., Australia and Canada) have fairly detailed regulations in place already (Hunter 2011; Green, 2014). When incidents have occurred, they have been a result of the rules being violated. This means that apart from regulations simply existing, they must also be enforceable.

The environmental and social impacts of the global shale and conventional revolutions will vary from country to country.

Type
Chapter
Information
The Price of Oil , pp. 121 - 134
Publisher: Cambridge University Press
Print publication year: 2015

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×