Importance The article discusses the US shale revolution. Scientists, businessmen and policymakers try to assess how this phenomenon influences the global gas market and global energy resource market. Objectives The research constitutes an original comprehensive research into consequences of the shale revolution for the world and Russia. Methods The research employs a comparative statistical analysis to analyze aggregate data on extraction, export and reserves of natural and shale gas. Results The article demonstrates that the shale revolution is covered with a lot of myths, which engendered its active supporters and protesters. The existing technologies may entail hazardous consequences for the environment, so that they should not be regarded as an alternative to natural gas production. Conclusions and Relevance We conclude that, notwithstanding numerous disputes between the shale gas supporters and protesters, it is quite evident that these are the American gas production companies and the US establishment who benefit from this shale revolution.
Keywords: shale revolution, shale gas, geopolitics, Russia, USA
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