International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 2028
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Prof. Dr. Kamil Uslu
Session : 1B Büyüme I
The Effect of Shale Gas on the Decrease of Oil Prices, Turkey’s Shale Gas Potential and Future
Petrol Fiyatlarının Düşüşünde Shale (Şeyl) Gazın Etkisi, Geleceği ve Türkiye’nin Shale Gaz Potansiyeli
- Prof. Dr. Kamil Uslu (Doğuş University, Türkiye)
Abstract
In recent years, oil prices have followed a calm course, with a barrel of $ 50 or less watching. This growth in the developed countries has affected the positive direction. Another important development is the significant improvement in the production techniques of "Rock Gas" (Shale Gas) in USA and rock gas production increased, thus creating a positive cost advantage in energy production. This positive development in the US economy appears to be an important influence on the increase of oil prices. According to estimates made in various countries in the world; It is like 7.299 Trillion Cubic Feet. Most of this reserve is in China. In the coming years, China energy will be able to show itself among the advantaged countries. The US invests in shale gas production technology in partnership with various countries. Turkey Shale has an important potential as a gas reservoir. Especially Southeastern Anatolia Region and Trakya region stand out. Turkey will be able to meet its energy needs and contribute to its economic and social development.
JEL codes:
Uslu, Kamil (2017). "The Effect of Shale Gas on the Decrease of Oil Prices, Turkey’s Shale Gas Potential and Future" in Proceedings of International Conference of Eurasian Economies 2017, pp.122-137, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.02028
