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Should Europe be fracking? CEPS Commentary, 5 October 2012

Gros, Daniel. (2012) Should Europe be fracking? CEPS Commentary, 5 October 2012. [Policy Paper]

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    Abstract

    Underlining the fact that shale gas, like all natural resources, can only be used once, Daniel Gros observes in this CEPS Commentary that the real issue is not whether this resource should be developed in Europe, but when it should be used: today or tomorrow? Europe is already a heavy user of gas, but its consumption is stagnating (along with its economy). Despite the hype about the shale gas revolution, the extraction cost of (onshore) conventional gas remains below that of fracking. And lots of pipelines have already been built so that the marginal cost of bringing this ‘conventional’ gas to Europe is thus rather low. Thus, from an economic and environmental point of view, Gros argues that fracking is unlikely to bring large benefits for Europe and that shale gas might just substitute for conventional gas, which is plentiful.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 21 Oct 2012 21:34
    Number of Pages: 2
    Last Modified: 21 Oct 2012 21:34
    URI: http://aei.pitt.edu/id/eprint/37029

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