Gas Versus Oil Prices: The Impact of Shale Gas

18 Pages Posted: 27 Dec 2011

See all articles by Frank Asche

Frank Asche

Stavanger University College

Atle Oglend

University of Stavanger

Petter Osmundsen

University of Stavanger; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: December 26, 2011

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 and Oglend, Atle and Osmundsen, Petter, Gas Versus Oil Prices: The Impact of Shale Gas (December 26, 2011). Available at SSRN: https://ssrn.com/abstract=1977108 or http://dx.doi.org/10.2139/ssrn.1977108

Frank Asche

Stavanger University College ( email )

PO Box 2557
Ullandhaug
4004 Stavanger
Norway

Atle Oglend (Contact Author)

University of Stavanger ( email )

PB 8002
Stavanger, 4036
Norway

Petter Osmundsen

University of Stavanger ( email )

4036 Stavanger
Norway

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

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