[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/ntu/ntugeo/vol3-iss2-15-004.html
   My bibliography  Save this article

The Advantages And Disadvantages Of The Production Of Shale Gas Potential: The Case Of Turkey

Author

Listed:
  • TURGUT BAYRAMOĞLU

    (Dr. Bayburt University, Economics Department, Bayburt)

  • YILMAZ ONUR ARİ

    (Research Assistant, Bayburt University, Economics Department, Bayburt)

Abstract
Energy is a main input for economy. Because of an increase in other fossil fuels’ prices and it’s accepted as an important resource for energy supply for the countries which don’t have enough oil and natural gas resources, shale gas became a current issue in the world. Technically producable shale gas in the world is about 6.621 bcm (billion cubic meter). We can say that this amount may be higher if unsought areas are added. Turkey is one of the countries which has shale gas potential. According to a report published by EIA in 2011, Turkey has approximately 424 billion cubic meter shale gas reserves. This shale gas potential can reduce Turkey’s energy dependence if we think of the fact that annual natural gas consumption of Turkey is 46 bcm. Despite all, production of shale gas has not been searched in terms of it’s advantages and disadvantages. The aim of this study is to present the advantages and disadvantages of shales gas for the world and Turkey. Reducing energy dependence, supporting a more clean energy than coal, balancing the oil prices are some advantages. Nevertheless, it’s a fossil fuel, it’s production is expensive and it gets negative social and environmental reactions

Suggested Citation

  • Turgut Bayramoğlu & Yilmaz Onur Ari̇, 2015. "The Advantages And Disadvantages Of The Production Of Shale Gas Potential: The Case Of Turkey," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(2), pages 4-11, November.
    • Handle: RePEc:ntu:ntugeo:vol3-iss2-15-004
    as

    Download full text from publisher

    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_3_no_2/geo_2015_vol3_no2_art_001.pdf
    File Function: First version, 2015
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Johnson, Corey & Boersma, Tim, 2013. "Energy (in)security in Poland the case of shale gas," Energy Policy, Elsevier, vol. 53(C), pages 389-399.
    2. Hu, Desheng & Xu, Shengqing, 2013. "Opportunity, challenges and policy choices for China on the development of shale gas," Energy Policy, Elsevier, vol. 60(C), pages 21-26.
    3. Asche, Frank & Oglend, Atle & Osmundsen, Petter, 2012. "Gas versus oil prices the impact of shale gas," Energy Policy, Elsevier, vol. 47(C), pages 117-124.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ma, Zhengwei & Pi, Guanglin & Dong, Xiucheng & Chen, Chi, 2017. "The situation analysis of shale gas development in China-based on Structural Equation Modeling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1300-1307.
    2. Li, Yanbin & Li, Yun & Wang, Bingqian & Chen, Zhuoer & Nie, Dan, 2016. "The status quo review and suggested policies for shale gas development in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 420-428.
    3. Yang, Yan & Wang, Limao & Fang, Yebing & Mou, Chufu, 2017. "Integrated value of shale gas development: A comparative analysis in the United States and China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1465-1478.
    4. Philipp M. Richter, 2015. "From Boom to Bust? A Critical Look at US Shale Gas Projections," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
    5. Cotton, Matthew & Rattle, Imogen & Van Alstine, James, 2014. "Shale gas policy in the United Kingdom: An argumentative discourse analysis," Energy Policy, Elsevier, vol. 73(C), pages 427-438.
    6. Yunna, Wu & Yisheng, Yang, 2014. "The competition situation analysis of shale gas industry in China: Applying Porter’s five forces and scenario model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 798-805.
    7. Meier, Felix D. & Quaas, Martin F., 2021. "Booming gas – A theory of endogenous technological change in resource extraction," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    8. Misund, Bård & Oglend, Atle, 2016. "Supply and demand determinants of natural gas price volatility in the U.K.: A vector autoregression approach," Energy, Elsevier, vol. 111(C), pages 178-189.
    9. Sirine Toumi, 2019. "Co-movements amongst Gold and Oil: A Multivariate Time-Varying Asymmetric Approach," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 52-68.
    10. Min, Daiki & Chung, Jaewoo, 2013. "Evaluation of the long-term power generation mix: The case study of South Korea's energy policy," Energy Policy, Elsevier, vol. 62(C), pages 1544-1552.
    11. Bai, Yang & Meng, Jie & Meng, Fanyi & Fang, Guochang, 2020. "Stochastic analysis of a shale gas investment strategy for coping with production uncertainties," Energy Policy, Elsevier, vol. 144(C).
    12. Zhou, Junping & Tian, Shifeng & Zhou, Lei & Xian, Xuefu & Yang, Kang & Jiang, Yongdong & Zhang, Chengpeng & Guo, Yaowen, 2020. "Experimental investigation on the influence of sub- and super-critical CO2 saturation time on the permeability of fractured shale," Energy, Elsevier, vol. 191(C).
    13. Li, Jianglong & Xie, Chunping & Long, Houyin, 2019. "The roles of inter-fuel substitution and inter-market contagion in driving energy prices: Evidences from China’s coal market," Energy Economics, Elsevier, vol. 84(C).
    14. Su, Chi-Wei & Yuan, Xi & Umar, Muhammad & Chang, Tsangyao, 2022. "Dynamic price linkage of energies in transformation: Evidence from quantile connectedness," Resources Policy, Elsevier, vol. 78(C).
    15. Halser, Christoph & Paraschiv, Florentina & Russo, Marianna, 2023. "Oil–gas price relationships on three continents: Disruptions and equilibria," Journal of Commodity Markets, Elsevier, vol. 31(C).
    16. Bård Misund & Petter Osmundsen, 2017. "Valuation of proved vs. probable oil and gas reserves," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1385443-138, January.
    17. Rioux, Bertrand & Galkin, Philipp & Murphy, Frederic & Feijoo, Felipe & Pierru, Axel & Malov, Artem & Li, Yan & Wu, Kang, 2019. "The economic impact of price controls on China's natural gas supply chain," Energy Economics, Elsevier, vol. 80(C), pages 394-410.
    18. Shengqing Xu & Tao Wang, 2017. "On energy equity and China’s policy choices," Energy & Environment, , vol. 28(3), pages 288-301, May.
    19. Cong Dong & Xiucheng Dong & Joel Gehman & Lianne Lefsrud, 2017. "Using BP Neural Networks to Prioritize Risk Management Approaches for China’s Unconventional Shale Gas Industry," Sustainability, MDPI, vol. 9(6), pages 1-18, June.
    20. Auping, Willem L. & Pruyt, Erik & de Jong, Sijbren & Kwakkel, Jan H., 2016. "The geopolitical impact of the shale revolution: Exploring consequences on energy prices and rentier states," Energy Policy, Elsevier, vol. 98(C), pages 390-399.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntugeo:vol3-iss2-15-004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Ciucu (email available below). General contact details of provider: https://edirc.repec.org/data/feuntro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.