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Gas versus oil prices the impact of shale gas

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  • Asche, Frank
  • Oglend, Atle
  • Osmundsen, Petter

Abstract

What significance will developments in shale gas production have for European gas prices? Some commentators paint a gloomy picture of the future gas markets. But most forecasts for the oil market are positive. Consequently, a view appears to prevail that price trends will differ sharply between oil and gas markets. This article looks at developments in US shale gas production and discusses their impact on the movement of European gas prices. The relationship between oil and gas prices over time is also analysed.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:enepol:v:47:y:2012:i:c:p:117-124
    DOI: 10.1016/j.enpol.2012.04.033
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    • A10 - General Economics and Teaching - - General Economics - - - General

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