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dc.contributor.authorVásquez Cordano, Arturo
dc.contributor.authorZellou, Abdel M.
dc.date.accessioned2021-10-29T15:25:00Z
dc.date.available2021-10-29T15:25:00Z
dc.date.issued2020-03
dc.identifier.citationVásquez Cordano, Arturo L. & Zellou, Abdel M., 2020. "Super cycles in natural gas prices and their impact on Latin American energy and environmental policies," Resources Policy, Elsevier, vol. 65(C).es_PE
dc.identifier.issn0301-4207es_PE
dc.identifier.urihttps://hdl.handle.net/20.500.12877/65
dc.description.abstractThere was an upward trend in energy commodity prices since 2000, but with the surge in supply coming from unconventional oil and gas resources in North America, the trend in natural gas prices has become downward in recent years. However, the exploitation of these resources is generating public concerns due to the possible adverse environmental impacts of using hydraulic fracturing and other techniques on underground water. The purpose of this paper is to address the following questions: are there super cycles in natural gas prices? What are the environmental consequences in Latin America of the exploitation of unconventional gas given the cyclical behavior of gas prices? How are the governments in the region implementing energy and environmental policies to regulate unconventional shale gas production? With the last peak occurring in 2006, we identified three super cycles in natural gas prices, and it is predicted to observe a new super cycle in the 2020s. Our analysis indicates that the unstable political situation, the institutional weakness, the governmental intervention through asset nationalization, high capital expenditures to develop LNG export projects and to explore shale resources, as well as the pre-salt discoveries in Brazil make uncertain that the shale gas boom achieve a significant impact in Latin America during the coming gas-price super cycle.es_PE
dc.formatapplication/htmles_PE
dc.language.isoenges_PE
dc.publisherElsevier Ltdes_PE
dc.relation.ispartofResources Policyes_PE
dc.rightsinfo:eu-repo/semantics/restrictedAccesses_PE
dc.subjectBusiness Fluctuations Cycleses_PE
dc.subjectMining, Extraction, and Refining: Hydrocarbon Fuelses_PE
dc.subjectEnergy: Demand and Supplyes_PE
dc.subjectForecasting and Simulation: Models and Applicationses_PE
dc.subjectRegulation and Industrial Policy: Economics of Regulationes_PE
dc.titleSuper cycles in natural gas prices and their impact on Latin American energy and environmental policieses_PE
dc.typeinfo:eu-repo/semantics/articlees_PE
dc.identifier.doihttps://doi.org/10.1016/j.resourpol.2019.101513es_PE
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.00es_PE
dc.type.versioninfo:eu-repo/semantics/publishedVersiones_PE


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