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Fracking in Germany and Europe – Hype or Opportunity?

Author

Listed:
  • Felix Müsgens
  • Andreas Seeliger
  • Kirsten Westphal
  • Stefan Ladage
  • Harald Andruleit
  • Michael Kosinowski

Abstract

What are the opportunities and risks presented by shale gas extraction in Europe, and particularly in Germany? According to Felix Müsgens, Brandenburgische Technische Universität Cottbus-Senftenberg, and Andreas Seeliger, Duale Hochschule Baden-Württemberg Mosbach, the sceptical attitude to domestic shale gas extraction should be re-examined and a revival of the German gas extraction industry deserves consideration. Kirsten Westphal, Stiftung Politik und Wissenschaft, Berlin, analyses the consequences of the US shale gas boom. The shale gas boom may not only make the USA independent in terms of energy supply; but is also promoting the geopolitical development of the United States towards Asia. Stefan Ladage, Harald Andruleit and Michael Kosinowski, Bundesanstalt für Geowissenschaften und Rohstoffe (BGR), Hannover, look at shale gas reserves in Germany, and highlight that the extent and scale on which shale gas can be extracted is not yet foreseeable.

Suggested Citation

  • Felix Müsgens & Andreas Seeliger & Kirsten Westphal & Stefan Ladage & Harald Andruleit & Michael Kosinowski, 2013. "Fracking in Germany and Europe – Hype or Opportunity?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(24), pages 03-10, December.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:24:p:03-10
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    More about this item

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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