The great gas debate

Prospect Magazine

The great gas debate

/ / Leave a comment

It is an attractive resource now, but in the long run?

New gas discoveries have been so significant that they have already begun to transform global energy supply. A shale gas revolution has taken place in the United States. New resources have also been unearthed in Argentina, Russia, China, Australia, the Middle East and Europe. Add in coal bed methane (on a potentially very large scale) and now shale oil, and an era of abundance of both gas and eventually oil may be upon us. We are not going to run out any time soon: indeed, from a climate change perspective, the problem is that we have too many available fossil fuel resources.

Unsurprisingly, politicians and energy policymakers are scrambling to keep up. All sorts of surprises are turning conventional wisdom on its head. The US has amongst the fastest falling carbon emissions among the major economies—unlike Europe, whose emissions are no longer falling much, if at all. The US is

You need to be logged in to see this part of the content. Please either subscribe or Login to access.

Leave a comment


Dieter Helm is professor of energy policy at the University of Oxford and fellow in economics at New College, Oxford 

Share this

Most Read

Prospect Buzz

  • Prospect's masterful crossword setter Didymus gets a shout-out in the Guardian
  • The Telegraph reports on Nigel Farage's article on Lords reform
  • Prospect writer Mark Kitto is profiled in the New York Times

Prospect Reads

  • Do China’s youth care about politics? asks Alec Ash
  • Joanna Biggs on Facebook and feminism
  • Boris Berezosky was a brilliant man, says Keith Gessen—but he nearly destroyed Russia