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Introduction: North American natural gas markets in transition

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  • Huntington, Hillard G.

Abstract

Over many decades, energy markets have seen a variety of new technologies with the potential of replacing existing practices for providing conventional fossil fuels. Unlike synthetic fuels during the 1970s or hydrogen during the 2000s, however, hydraulic fracturing for producing natural gas shale resources has had a dramatic impact because it has been cost effective. This article describes a model-comparison effort organized by Stanford's Energy Modeling Forum and provides a brief overview of the principal findings by individual modeling teams that participated in the study.

Suggested Citation

  • Huntington, Hillard G., 2016. "Introduction: North American natural gas markets in transition," Energy Economics, Elsevier, vol. 60(C), pages 401-404.
    • Handle: RePEc:eee:eneeco:v:60:y:2016:i:c:p:401-404
    DOI: 10.1016/j.eneco.2016.10.003
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    References listed on IDEAS

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    1. Paltsev, Sergey & Jacoby, Henry D. & Reilly, John M. & Ejaz, Qudsia J. & Morris, Jennifer & O'Sullivan, Francis & Rausch, Sebastian & Winchester, Niven & Kragha, Oghenerume, 2011. "The future of U.S. natural gas production, use, and trade," Energy Policy, Elsevier, vol. 39(9), pages 5309-5321, September.
    2. Richter, Philipp M. & Holz, Franziska, 2015. "All quiet on the eastern front? Disruption scenarios of Russian natural gas supply to Europe," Energy Policy, Elsevier, vol. 80(C), pages 177-189.
    3. Haewon McJeon & Jae Edmonds & Nico Bauer & Leon Clarke & Brian Fisher & Brian P. Flannery & Jérôme Hilaire & Volker Krey & Giacomo Marangoni & Raymond Mi & Keywan Riahi & Holger Rogner & Massimo Tavon, 2014. "Limited impact on decadal-scale climate change from increased use of natural gas," Nature, Nature, vol. 514(7523), pages 482-485, October.
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    Cited by:

    1. Mignone, Bryan K. & Showalter, Sharon & Wood, Frances & McJeon, Haewon & Steinberg, Daniel, 2017. "Sensitivity of natural gas deployment in the US power sector to future carbon policy expectations," Energy Policy, Elsevier, vol. 110(C), pages 518-524.
    2. Yeh, Sonia & Cai, Yiyong & Huppman, Daniel & Bernstein, Paul & Tuladhar, Sugandha & Huntington, Hillard G., 2016. "North American natural gas and energy markets in transition: insights from global models," Energy Economics, Elsevier, vol. 60(C), pages 405-415.
    3. Huntington, Hillard G. & Bhargava, Abha & Daniels, David & Weyant, John P. & Avraam, Charalampos & Bistline, John & Edmonds, James A. & Giarola, Sara & Hawkes, Adam & Hansen, Matthew & Johnston, Peter, 2020. "Key findings from the core North American scenarios in the EMF34 intermodel comparison," Energy Policy, Elsevier, vol. 144(C).

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    More about this item

    Keywords

    Natural gas; Shale technology; Energy markets;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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